Ignition Partners Plans to Stay the Course with $200M Sixth Fund | Xconomy
Summary
The firm will maintain its focus on investments in early stage enterprise software startups, and its leadership team of managing partners Frank Artale, John Connors, both former Microsoft executives, and Nick Sturiale, previously a VC at Sevin Rosen Funds. Sturiale, based in Palo Alto, shared his views on a tech bubble (maybe in pre-IPO companies), accelerators and incubators (good for investors), and the rise of Seattle (“Cloudville” is a huge part of the startup ecosystem), in a condensed interview below. Ignition aims to extend that record with a focus on areas including “mobile first enterprise, industrial Internet infrastructure, and cloud-delivered vertical and horizontal productivity services,” the firm said in a news release. It creates an educational feedback loop, so I think by and large, they’ve been tremendous contributors to the startup world.” (For just one example, Ignition-backed wit.ai, acquired earlier this year by Facebook, went through accelerator Y Combinator.) On Seattle’s role in the startup ecosystem: “It does feel like things have picked up quite a bit in Seattle—the entrepreneurial energy, the deal flow, the real resurgence of Microsoft.
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