( )writing testbenches now

want it now: plaid benches
I love a good plaid. Be it the refined British Burberry patterns or rugged Scotland breeds that make up those delicious kilts, I am smitten with plaid.That’s why have leapt to the top of my wish list! Part mod, part preppy, the collection of benches are made up of interlocking colorful bands crossing horizontally and vertically to make up a gorgeous pattern. Check out Raw Edges studio for the rest of designers Yael Mer and Shay Alkalay’s creations (the
are nothing short of inspiring).
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From 5 hires to 50 to 500, the nuts and bolts to build your startup’s recruiting processes
As an enterprise technology venture capital fund in New York City, we work with over 50 early stage go-to-market enterprise startups on two key areas: accelerating their Fortune 1000 customer acquisition and helping them build great teams.
Contrary to popular belief, there are very few ‘a-ha’ moments in VC. Startups are on a 10-year lifecycle and despite all the stimulation and exposure, there’s a modicum of tangible wins (or clear cut failures) to learn from. Last week I had one of these ‘a-ha’ moments catching up with our Work-Bench portfolio company
that speaks to the eye-widening impact of distributed security systems.
We were discussing the company’s new . In summary, the team is bringing a step-function improvement to honeypots, making what was for years an esoteric security practice due to complexity and performance requirements a reality for the masses.
For the past three years at Work-Bench, we’ve been investing in a total reimagining of enterprise technology stack. Understanding the magnitude of this shift, we began tracking and recording every funding round that met our scope of enterprise technology. We compiled these ~1,500 funding enterprise funding rounds into an open source , with the hope that this dataset could one day lead to a better understanding of the tectonic shift happening in enterprise technology by our community of investors, entrepreneurs, and corporate executives.
As an NYC-based enterprise technology focused venture fund, the time couldn’t be more exciting to be investing in disruptive technologies going after the multi-hundred billion dollar enterprise software market. With budget dollars from Fortune 1000 companies continuing to shift towards startups and away from legacy incumbents with increasing momentum, our dataset highlights key activity underpinning this movement:
After averaging $2.2B a quarter in funding during 2014, funding activity has increased 76% over the last 6 quarters, with enterprise startups across the U.S. raising $3.8B a quarter on average.
The largest sectors from a dollars raised perspective over the last 3 years have been Software / Applications, Data / Analytics, and Enterprise Infrastructure.
Since 2014, New York has been solidly second in command (after California) for enterprise startup financings, in terms of both deal quantity and dollars. See below for a deep dive on New York’s enterprise startup trends.
Although there has been a drought of recent IPOs, we’ve seen nearly $40 billion in M&A in the first half of 2016, and there is a robust pipeline of potential IPOs to come.
See below a full breakdown of our research highlighting the key activity underpinning this movement, and if you’d like to get in touch, please feel free to
or reach out via Twitter to .
About 18 months ago, tech publications began overflowing with news on containers and how they would radically transform enterprise IT. We set out to distill the hype in this new market by putting together a new series on our blog aptly called "." Based on our research, it became clear that this was a real market trend and represented a once in a decade transformation in enterprise infrastructure that would reshape the entire IT industry.
It was apparent that the container and application layer were only the beginning, and we began investigating where the gaps were
– in areas like security, networking, management, and orchestration – to see where we could support the next generation of innovators. We spoke to more than one hundred corporate executives and founders focused on bringing a tidal wave of innovation to the enterprise IT stack, while making two investments along the way:
& . With more of the recent buzz building around Kubernetes, we wanted to take a moment to compare the pros and cons of other platforms, and why we believe Kubernetes will be crown jewel of container orchestration.
From our 50+
a year with teams from the likes of Merck, Samsung, Santander, UBS, and Cushman & Wakefield, to our countless Fortune 1000 roundtables and breakfasts, corporate engagement is at the heart of everything we do at Work-Bench.
Over the past two and a half years of connecting Fortune 1000 executives with our community of startups, two things have become clear: (i) how generous some individuals are with their time and expertise to support our community and (ii) how helpful mentors can be in everything from accelerating go-to-market strategies to providing critical insights on product roadmaps, enterprise use cases, and even technical architecture.
Which is why, today, we’re excited to welcome a select group of those individuals, who have gone above and beyond in their support of Work-Bench and our community, into our family as . Among them, you’ll find leading Fortune 500 executives, current and former CISOs and CTOs of some of the world’s largest financial institutions, and a wealth of unmatched experience across markets. One thing they all have in common though is their unwavering leadership, domain expertise, and passion for helping grow the next generation of enterprise entrepreneurs.
With that, we’re excited to continue on our mission by adding 6 titans of the IT industry as Work-Bench mentors. Please welcome to the Work-Bench family:
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