UPDATED 12:31 EDT / OCTOBER 12 2015

NEWS

VC reveals ‘who gets funded’ | #VMworld

Enterprise is “rocking and rolling,” and we are seeing huge disruptions in enterprise tech. As the technology changes, it is the companies that can keep up and push the envelope that are going to get noticed by the Venture Capitalists (VCs) looking to get behind the next big thing.

During VMworld 2015, John Furrier, cohost of theCUBE, from the SiliconANGLE Media team, sat down with Pete Sonsini, general partner at New Enterprise Associates (NEA), to talk about venture capitalism. NEA has a $3 billion fund to support the most promising start-ups. He shared with theCUBE what he looks for in a new company.

Who gets funded?

“Everyone likes to talk about the vision, the way the world could be … but I look at when is that gonna happen and how do we get from here to there,” Sonsini said about overall investment strategies. He goes on to clarify where he is at as a VC: “We make many investments that are at the cutting edge of a wave, that may happen, or may not, but today I am looking at … how do we make use of existing infrastructure, existing applications and really connect the old world to where the world is headed.”

One hot trend: Big Data

There is a lot of things going on with data – from getting data in to data drift and other next-generation technology. This trend is getting interest and backing with VCs that know the advancements are going to trigger another push toward widespread adoption.

Find out what other companies and trends NEA is backing and what Sonsini is looking at supporting by watching the full interview below. And be sure to check out more of SiliconANGLE and theCUBE’s coverage of VMworld 2015.

Photo by SiliconANGLE

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