In a recent blog post about the Series A crunch for consumer Internet startups, Fred Wilson wrote, “now that the momentum/late stage wants enterprise, we should expect the layers below to give them enterprise.”
Flybridge Capital Partners, an early-stage VC firm with a focus on enterprise startups and companies that support infrastructure for consumer-facing startups (like 10Gen), is well positioned to capitalize on that trend. In September, the Boston-based firm opened an office in New York City, moving principal Matt Witheiler out to join the team. And today Flybridge leading a $5.05 million Series A round in BetterCloud, an enterprise startup that provides cloud management tools for Google Apps.
This is a guest post from David Politis, the founder and CEO of BetterCloud, the makers of FlashPanel, an admin tool for Google Apps that has acquired 10,000 customers and 3 million users since launching this July. You can follow him on Twitter @DavePolitis.
New York City has long been the promised land for investment bankers, hedge funders, media moguls and advertising agencies. More recently, it has become a center of innovation for technology startups. There is no shortage of launches and funding announcements for consumer-facing tech startups and service providers for digital advertisers.
However, exceptions side, one thing is certain: New York City is not known as a home for startups developing for enterprise.
the startup rundown
2×2^2. April 16 is officially 4sqDay in New York and over a dozen other cities around the country. The fan-created social media holiday’s official celebration will begin at 7 p.m. at The Caulfield. Check out the community blog and RSVP here.
CAPITAL IDEA. General Assembly is bringing back “Assembled Capital,” an all day event dedicated to getting startups funded. The $200 (plus a $4.97 fee) to get in is a bit steep, but breakfast, lunch and booze are totally included! The event will include talks, panels and plenty of elbow-rubbing time with the like of Squarespace’s Anthony Casalena, TechStars NYC’s David Tisch, Charlie O’Donnell of Brooklyn Bridge Ventures, Shane Snow of Contently and many others.
AIRbnFREE. Airbnb is teaming up with Thrillist and sponsoring Tour de Thrillist, a bicoastal race to discover all that LA, Vegas, Austin, Philly and of course NYC have to offer. Up for grabs is a five-destination trip and free Airbnb accommodations. Cross your fingers and enter the sweepstakes here.