Top VCs and Experts Launch Data Elite to Back Big Data Startups
Summary
The Social+Capital Partnership, Andreessen Horowitz, Formation8, Ron Conway, and Anand Rajaraman teamed up to launch a San Francisco, CA-based venture lab and early stage fund for big data startups and scientists.Founded by Tasso Argyros, founder of Aster Data, and Managing Director Stamos Venios, Data Elite will provide a minimum of $150k investment through common stock purchase and convertible notes, working space, support staff, customer board and resources to transform founding teams with expertise around data into viable and impactful companies.The investment vehicle is searching for companies with teams with at least five years of subject matter expertise around data, or proven success in a data-related field, as well as an incorporated company or a concrete idea with the intention of starting a company.The three-month program will initially be comprised of 5-10 companies, and will begin on January 15th, 2014.Partners include: Ken Rudin – Head of Analytics, Facebook Daniel McCaffrey – General Manager, Platform and Analytics at Zynga Jeff Magnusson – Manager, Data Science Platform Architecture at Netflix Anand Rajaraman – Investor and computer science professor at Stanford Jonathan Goldman – Founder, Level Up Analytics Nicholas Wakefield – Data Scientist and Strategic Advisor Eric Colson – Chief Algorithms and Analytics Officer, StitchFix Ashish Tushoo – Co-Founder & CEO at Qubole Mark Parrish – Investor and advisor at Parrish Advisors Steven Mih – VP Business Development at Couchbase Stephen Reade – Operating Advisor – Global Strategic Business Group at Actian Corporation Jerome Boulon – Technical Director–Data Services at Riot Games FinSMEs 18/10/2013
Funding
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