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	<title>Betabeat &#187; David Aronoff</title>
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		<title>Betabeat &#187; David Aronoff</title>
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		<title>Flybridge&#8217;s David Aronoff Explains Why He Led a $5 M. Series A in NYC Enterprise Standout BetterCloud</title>

		<comments>http://betabeat.com/2013/01/flybridge-capital-david-aronoff-david-politis-5-million-series-a-enterprise-bettercloud-google-apps/#comments</comments>
		<pubDate>Fri, 11 Jan 2013 10:00:56 -0400</pubDate>
					<link>http://betabeat.com/2013/01/flybridge-capital-david-aronoff-david-politis-5-million-series-a-enterprise-bettercloud-google-apps/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=76248</guid>
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<p><a href="http://nyobetabeat.files.wordpress.com/2013/01/ef87c68887317b25679b32cb7c72cbd8.png"><img class="alignleft size-full wp-image-76276" alt="ef87c68887317b25679b32cb7c72cbd8" src="http://nyobetabeat.files.wordpress.com/2013/01/ef87c68887317b25679b32cb7c72cbd8.png" width="240" height="240" /></a>In a recent blog post about the Series A crunch for consumer Internet startups, <a href="http://www.avc.com/a_vc/2012/11/what-has-changed.html">Fred Wilson wrote</a>, "now that the momentum/late stage wants enterprise, we should expect the layers below to give them enterprise."</p>
<p>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 <a href="http://www.flybridge.com/news_events/news_details.cfm?newsID=102&amp;newsType=flybridge">opened an office in New York City</a>, moving principal Matt Witheiler out to join the team. And today Flybridge leading a $5.05 million Series A round in <a href="http://www.bettercloud.com/">BetterCloud</a>, an enterprise startup that provides cloud management tools for Google Apps.<!--more--></p>
<p>Since launching in the Google Apps Marketplace just six months ago, BetterCloud has picked up 15,000 business clients like <em>The Financial Times</em>, representing more than 5.5 million users.</p>
<p>Greycroft Partners and TriBeCa Venture Partners also participated in the round and Mr. Aronoff, the lead investor, will join BetterCloud's board of directors. Including the $2.2 million seed round BetterCloud raised in May 2012, that brings the company's funding to date to $7.25 million.</p>
<p>BetterCloud flagship product FlashPlanel is a platform that lets Google Apps administrators offer more controls, visibility, and automation. "Google is fairly quiet," about sharing stats on Google Apps adoption, Mr. Aronoff told Betabeat, "so you have to look at some proxies." Like for instance, the fast growth in BetterCloud's user base. "We did some digging in terms of our own research," he said, and announcements about corporate users moving to Gmail and other products were another indicator about the rise of Google Apps.</p>
<p>Despite concerns about the security and privacy, Mr. Aronoff said the reality is that, "The cloud is the inflection point and starting with consumers and moving into business, there’s this inexorable drive of moving off premise."</p>
<p>The other attractive aspect about BetterCloud's business model, he said, was its emphasis on community, partly through interacting on forums for Google Apps. "If you take a consumer-like approach, you can build a rabid very excited," user base that helps seed the way you think about your product. "For the next generation of enterprise software," he said, "The theme is care of the community.</p>
<p>As for that dreaded Series A crunch, Mr. Aronoff said Flybridge has "largely been insulated from it." The firm invests in its portfolio companies through the lifecycle of the startups. "We're still seeing healthy competition in seed deals as they progress and need Series A," he said, calling the BetterCloud round "competitive" as well.</p>
<p>Looking at the consumer side, however, "We’ve been waiting for [the Series A crunch] to come for awhile," he noted. "There’s just not enough venture capital firms to fund them. There’s always competition and market valuation for the best companies, but you're gonna see a bunch of potholes and I’m not sure thats really a bad thing." Companies that can't secure the funds can operate on a shoe string, merge with a competitor, or "go back to the drawing board."</p>
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<p><a href="http://nyobetabeat.files.wordpress.com/2013/01/ef87c68887317b25679b32cb7c72cbd8.png"><img class="alignleft size-full wp-image-76276" alt="ef87c68887317b25679b32cb7c72cbd8" src="http://nyobetabeat.files.wordpress.com/2013/01/ef87c68887317b25679b32cb7c72cbd8.png" width="240" height="240" /></a>In a recent blog post about the Series A crunch for consumer Internet startups, <a href="http://www.avc.com/a_vc/2012/11/what-has-changed.html">Fred Wilson wrote</a>, "now that the momentum/late stage wants enterprise, we should expect the layers below to give them enterprise."</p>
<p>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 <a href="http://www.flybridge.com/news_events/news_details.cfm?newsID=102&amp;newsType=flybridge">opened an office in New York City</a>, moving principal Matt Witheiler out to join the team. And today Flybridge leading a $5.05 million Series A round in <a href="http://www.bettercloud.com/">BetterCloud</a>, an enterprise startup that provides cloud management tools for Google Apps.<!--more--></p>
<p>Since launching in the Google Apps Marketplace just six months ago, BetterCloud has picked up 15,000 business clients like <em>The Financial Times</em>, representing more than 5.5 million users.</p>
<p>Greycroft Partners and TriBeCa Venture Partners also participated in the round and Mr. Aronoff, the lead investor, will join BetterCloud's board of directors. Including the $2.2 million seed round BetterCloud raised in May 2012, that brings the company's funding to date to $7.25 million.</p>
<p>BetterCloud flagship product FlashPlanel is a platform that lets Google Apps administrators offer more controls, visibility, and automation. "Google is fairly quiet," about sharing stats on Google Apps adoption, Mr. Aronoff told Betabeat, "so you have to look at some proxies." Like for instance, the fast growth in BetterCloud's user base. "We did some digging in terms of our own research," he said, and announcements about corporate users moving to Gmail and other products were another indicator about the rise of Google Apps.</p>
<p>Despite concerns about the security and privacy, Mr. Aronoff said the reality is that, "The cloud is the inflection point and starting with consumers and moving into business, there’s this inexorable drive of moving off premise."</p>
<p>The other attractive aspect about BetterCloud's business model, he said, was its emphasis on community, partly through interacting on forums for Google Apps. "If you take a consumer-like approach, you can build a rabid very excited," user base that helps seed the way you think about your product. "For the next generation of enterprise software," he said, "The theme is care of the community.</p>
<p>As for that dreaded Series A crunch, Mr. Aronoff said Flybridge has "largely been insulated from it." The firm invests in its portfolio companies through the lifecycle of the startups. "We're still seeing healthy competition in seed deals as they progress and need Series A," he said, calling the BetterCloud round "competitive" as well.</p>
<p>Looking at the consumer side, however, "We’ve been waiting for [the Series A crunch] to come for awhile," he noted. "There’s just not enough venture capital firms to fund them. There’s always competition and market valuation for the best companies, but you're gonna see a bunch of potholes and I’m not sure thats really a bad thing." Companies that can't secure the funds can operate on a shoe string, merge with a competitor, or "go back to the drawing board."</p>
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		<title>Which New York Techies Will Be Joining MC Hammer and Charlie O&#8217;Donnell at the SXSW Accelerator Judging Table?</title>

		<comments>http://betabeat.com/2012/02/which-new-york-techies-will-be-joining-mc-hammer-and-charlie-odonnell-at-the-sxsw-accelerator-judging-table/#comments</comments>
		<pubDate>Mon, 27 Feb 2012 13:49:22 -0400</pubDate>
					<link>http://betabeat.com/2012/02/which-new-york-techies-will-be-joining-mc-hammer-and-charlie-odonnell-at-the-sxsw-accelerator-judging-table/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=30612</guid>
		<description><![CDATA[<p><div id="attachment_30619" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-30619" title="hammer_style" src="http://nyobetabeat.files.wordpress.com/2012/02/hammer_style.jpg?w=300&h=221" alt="" width="300" height="221" /><p class="wp-caption-text">Judging time!</p></div></p>
<p>This morning, Hustler VC Oren Bennett <a href="https://twitter.com/#!/1obennet/status/174022186477162496">pointed</a> Betabeat's attention to a list of judges and emcees for the annual <a href="http://sxsw.com/interactive/startupvillage/accelerator/judges">SXSW Accelerator</a>, a competition sponsored by Microsoft BizSpark that culminates in awards for <a href="http://www.readwriteweb.com/archives/sxsw_accelerator_finalists_and_winners.php">four lucky startups</a>. Not as coveted a prize as the<a href="http://www.telegraph.co.uk/technology/sxsw/8384945/GroupMe-mobile-app-wins-SXSW-Breakout-award.html"> Breakout Award</a>--which helped catapult Twitter, Foursquare, and then GroupMe to fame, financing, and an acquisition--perhaps, but a nice trophy all the same.</p>
<p>We already introduced you to the four Made In NYC companies that will be <a href="http://www.betabeat.com/2012/01/30/sxsw-accelerator-companies-announced-48-startups-to-vie-for-prizes-in-sunny-austin/">competing</a>, but here's a look at who's deciding their fate.<!--more--></p>
<p>Although not a judge, per se, MC Hammer is named as one of the contest's emcees. If that comes as a surprise to anyone, they probably can't remember as far back as TechCrunch20 in 2007, when Mr. Hammer was<a href="http://benmetcalfe.com/blog/2007/05/mc-hammer-appointed-onto-board-of-judges-for-techcrunch20/"> invited to join the actual judging panel at the techie smackdown</a>. (That same year, TechCrunch founder Michael Arrington invested in DanceJam, the<a href="http://dancejam.com/"> since-shuttered</a> social network for dance enthusiasts, who wanted to "<a href="http://www.crunchbase.com/company/dancejam">show off their moves online</a>."</p>
<p>New Yorkers making the Austin pilgrimage should also recognize a number of other names.</p>
<p>Union Square Venture's Brad Burnham joins <em></em> Mr. Hammer as one of the event's emcees. Meanwhile,<strong> David Aronoff</strong> of Flybridge Capital Partners joins <strong>Charlie O'Donnell</strong>, repping his new firm Brooklyn Bridge Ventures, and <strong>David Rose</strong> of Gust, <a href="sxsw.com/interactive/startupvillage/accelerator/judges">among others</a>. Have fun, guys. We promise not <a href="http://www.betabeat.com/2012/02/22/stop-sxsw-chatter-induced-violence-before-it-starts-with-notatsxsw/">to block you</a> if you start live-tweeting. Well, we promise to at least try.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_30619" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-30619" title="hammer_style" src="http://nyobetabeat.files.wordpress.com/2012/02/hammer_style.jpg?w=300&h=221" alt="" width="300" height="221" /><p class="wp-caption-text">Judging time!</p></div></p>
<p>This morning, Hustler VC Oren Bennett <a href="https://twitter.com/#!/1obennet/status/174022186477162496">pointed</a> Betabeat's attention to a list of judges and emcees for the annual <a href="http://sxsw.com/interactive/startupvillage/accelerator/judges">SXSW Accelerator</a>, a competition sponsored by Microsoft BizSpark that culminates in awards for <a href="http://www.readwriteweb.com/archives/sxsw_accelerator_finalists_and_winners.php">four lucky startups</a>. Not as coveted a prize as the<a href="http://www.telegraph.co.uk/technology/sxsw/8384945/GroupMe-mobile-app-wins-SXSW-Breakout-award.html"> Breakout Award</a>--which helped catapult Twitter, Foursquare, and then GroupMe to fame, financing, and an acquisition--perhaps, but a nice trophy all the same.</p>
<p>We already introduced you to the four Made In NYC companies that will be <a href="http://www.betabeat.com/2012/01/30/sxsw-accelerator-companies-announced-48-startups-to-vie-for-prizes-in-sunny-austin/">competing</a>, but here's a look at who's deciding their fate.<!--more--></p>
<p>Although not a judge, per se, MC Hammer is named as one of the contest's emcees. If that comes as a surprise to anyone, they probably can't remember as far back as TechCrunch20 in 2007, when Mr. Hammer was<a href="http://benmetcalfe.com/blog/2007/05/mc-hammer-appointed-onto-board-of-judges-for-techcrunch20/"> invited to join the actual judging panel at the techie smackdown</a>. (That same year, TechCrunch founder Michael Arrington invested in DanceJam, the<a href="http://dancejam.com/"> since-shuttered</a> social network for dance enthusiasts, who wanted to "<a href="http://www.crunchbase.com/company/dancejam">show off their moves online</a>."</p>
<p>New Yorkers making the Austin pilgrimage should also recognize a number of other names.</p>
<p>Union Square Venture's Brad Burnham joins <em></em> Mr. Hammer as one of the event's emcees. Meanwhile,<strong> David Aronoff</strong> of Flybridge Capital Partners joins <strong>Charlie O'Donnell</strong>, repping his new firm Brooklyn Bridge Ventures, and <strong>David Rose</strong> of Gust, <a href="sxsw.com/interactive/startupvillage/accelerator/judges">among others</a>. Have fun, guys. We promise not <a href="http://www.betabeat.com/2012/02/22/stop-sxsw-chatter-induced-violence-before-it-starts-with-notatsxsw/">to block you</a> if you start live-tweeting. Well, we promise to at least try.</p>
]]></content:encoded>
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