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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: The Value Chain of Machine Learning, Is There Really An Incumbency Advantage in ML & Will The Rise In Cyber Remain For the Long Term with Jake Flomenberg, Partner @ Accel

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 6 December 2017

⏱️ 25 minutes

🧾️ Download transcript

Summary

Jake Flomenberg is a Partner @ Accel, one of the top performing venture funds of the last decade with investments in the likes of Dropbox, Slack, Facebook, Deliveroo and Atlassian, just to name a few. As for Jake, at Accel he specializes on all things Big Data and has led investments in the likes of Demisto, Origami Logic, Sumo Logic, Trifacta, and Zoomdata.  Prior to Accel, Jake was director of product management at Splunk, where he was responsible for the product’s user interface and big data strategy. Before that, he worked at Cloudera where he helped the founding team tackle a broad array of sales, marketing and product issues.

In Today’s Episode You Will Learn:

1.) How Jake made the transition from the world of operations with Cloudera and Splunk to the other side of the table, as Partner at Accel?

2.) Why does Jake believe a large element of his role is "how to make AI not BS"? How does he approach this from the three-legged stool of machine learning, data and workflow? How do each subsequently rank?

3.) To what extent is Jake concerned by the data incumbency advantages that are present in the market with Google, Amazon, Facebook and Apple (GAFA)? Where is the room for real opportunity and innovation? When should a startup be concerned about GAFA entering?

4.) How does Jake respond to Aaron Van Devender's suggestion that the value of large datasets is overplayed? Where are the inflection points in dataset value? How does David compare the value of initial data vs derivative data and the subsequent value?

5.) How does Jake assess the current state of the cybersecurity market? Is this increased investment period sustainable or due to more macro attention and events? Where does Jake feel the real opportunity is in cyber today? Where is it overplayed?

Items Mentioned In Today’s Show:

Jake’s Fave Book: Ready Player One

Jake’s Fave Blog: The Morning Paper (Harry's Favourite also)

Jake’s Most Recent Investment: Radar

As always you can follow Harry, The Twenty Minute VC and Jake on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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Eero is the world’s best-reviewed wifi. A system of eero and eero Beacons wirelessly connects to blanket your home in fast, reliable WiFi, so despite the increased number of devices with Christmas coming, you’ll still be able to get powerful mesh WiFi in every nook and cranny of your home, backyard included. No more dead spots, slow spots, drop-offs, or buffering — right out of the box. Eero is only available in the US and Canada and you can check it out here!

Transcript

Click on a timestamp to play from that location

0:00.0

This is the 20 minute VC with me, Harry Stebbings, at H. Debbings with 2Bs on Snapchat,

0:04.7

and we are back for part two of this very special feature week with Excel partners.

0:08.6

If you haven't listened to Monday's episode with Rich Wong, that really is a must.

0:12.1

And you can find it easily on our new 20 VC app on the app store, found by searching for

0:16.6

2.0 VC in the search box.

0:18.7

Would love to hear your thoughts on that. But joining us for Part 2 today, I'm thrilled to welcome Jake Flomenberg.

0:23.7

Jake is a partner at Excel, as mentioned before, one of the world's leading venture firms

0:28.2

with the likes of Facebook, Dropbox, Slack and Deliveru, all in their portfolio.

0:32.7

As for Jake, he specialises on all things big data and has led investments in the likes

0:37.0

of Domisto, Origami Logic, Sumo Logic, TriFactor and Zoom data.

0:41.9

And prior to Excel, Jake was Director of Product Management at Splunk, where he was responsible for the product's user interface and big data strategy.

0:48.9

Before that, he worked at Cloudera, where he helped the founding team tackle a broad array of sales, marketing and product

0:54.5

issues. Again, all credit to Brian O'Malley for the intro to JET stay, without which this episode

0:59.2

would not have been possible. But before we dive into the show today, the heart of any good company

1:03.4

is its people. That's why Namely brings employees together on the HR platform that everyone

1:07.9

loves to use. It's as intuitive as social media, but powerful enough to

1:11.8

support the complexity of today's workforce. Namely is the all-in-one platform that helps companies

1:16.6

manage HR, payroll, benefits and more. Their mission, to help mid-sized companies build a better

1:21.7

workplace. See how Namely can transform your workplace at www.namely.com today. And speaking of transforming a space, that's exactly what

1:29.9

Eero can do. ERO is the world's best-reviewed Wi-Fi. A system of Eero and Eero beacons, wirelessly

1:35.5

connects to blanket your home in fast, reliable Wi-Fi. So despite the increased number of

1:40.2

devices with Christmas coming, you'll still be able to get powerful mesh Wi-Fi in every

...

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