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A Top VC’s Silicon Valley Update - Matthew Howard, NVP

5 November 2013 14:56
By Frances Mann-Craik

A Top VC’s Silicon Valley Update Sept. 2013 -- Matthew Howard, Managing Partner, Norwest Venture Partners (NVP)

At a recent private event, Matthew Howard of Norwest Venture Partners provided a great overview of the hottest innovation driving growth in the Silicon Valley. A big thank you to Matt and the NVP team for letting me share this overview.

Some key take aways:

The enterprise has changed and “The Inmates are In Control!” BYOD (Bring your own Device) and DIY IT (“do it yourself IT”) with self-service apps, have put power into the hands of the employees and circumvented the IT manager.

IT managers are rising to the challenge of managing self-directed “inmates” and exciting new architectures.

Key trend - global mobile. “The iPhone helped reboot the Silicon Valley. We are in an innovation cycle being pushed by the consumer.”

Technology is driving US productivity.

We’re at the beginning of a “Share Economy” – no one wants to “own” anything – we have ZipCars, “Rent the Runway,” Lending Club and outsourced hardware and software. Renting is less expensive upfront, convenient and quickly disposable.

Top Technology Trends:

Special Purpose Clouds – based on specific needs like HIPPA compliance, financial services.

Big Data – “Most Fortune 2000 companies are using Hadoop and every company will need to use it.” (Hadoop is a free, Java-based programming framework that supports the processing of large data sets in a distributed computing environment).

The IT departments that are willing to take risks with new technology want to “fail quickly” so that if it doesn’t work they can move on quickly to something else.

R&D is happening in universities and startups. Public companies aren’t able to fund aggressive R&D programs because of public company financial pressure, especially during the Great Recession.

Startup Entrepreneur characteristics – “Innovation, passion, self selection.”

About Norwest Venture Partners:

Global, multi-stage venture firm that manages more than $3.7B in capital
Current fund: $1.2B
50+ year investment history
Funded ~500 companies
>125 active global portfolio companies
Early to late stage venture and growth equity investments globally
Investment sectors include information technology, information services, business services, financial services, healthcare and consumer
Global presence with 30 investment professionals
o Based in Palo Alto, CA
o Mumbai, India
o Bangalore, India
o Herzelia, Israel
Consistently ranked in top quartile for performance

Contributed by: Frances Mann-Craik, CEO, Addison Marketing. Please visit us at:

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