Posts filtered by tags: Matt McIlwain[x]


Amazon's annual filing reveals it loaded up on private company stock while scaling back acquisitions last year — a change that may help as regulators crack down on the tech giant (AMZN)

Amazon spent roughly $2.2 billion in cash on minority investments last year, nearly quadrupling from the year-ago period, according to company filings. It now owns a record $2.6 billion worth of private company stock, an over six-fold increase from the previous year, filings show. Meanwhile, Amazon cut back on acquisitions last year, spending only $315 million, after a two-year record run of spending over $15 billion on buying other companies. The change reflects a potential shift in Amazon's ...
Tags: Apple, Google, Amazon, China, US, Trends, Federal Trade Commission, Northwestern University, Murphy, University of Wisconsin Madison, Aurora, Madrona Ventures, AMZN, Andrew Murphy, Matt McIlwain, McIlwain

The idea that Amazon should spin out its massively profitable cloud business keeps coming up. Here's how that might work — and why it's very unlikely (AMZN)

Calls to break up Big Tech have renewed speculation Amazon will spin off its multibillion-dollar cloud business Amazon Web Services into a separate company. That idea has come up every so often for at least the last six years, but Amazon Web Services CEO Andy Jassy has repeatedly dismissed such a move as unnecessary. The business case for a spinout largely hinges on the notion that some customers are reluctant to sign on with Amazon's cloud, given that they compete with the company in markets ...
Tags: Google, Amazon, Facebook, Instagram, Microsoft, Ebay, Wall Street, Satya Nadella, Time, America, Trends, Walmart, Bank Of America, Paypal, Atlantic, Washington Dc

Madrona Venture Group launches $100M acceleration fund

Seattle’s Madrona Venture Group has long been one of the most prominent early-stage funds in the backyard of Amazon and Microsoft. Now, however, the firm is starting to look beyond the Pacific Northwest with the launch of its $100 million Acceleration Fund, which will expand its geographic reach to the entire U.S. and give it a vehicle to invest in later rounds. The new fund will see Madrona make more investments at the Series B and C stage. While Madrona has made a wide variety of investments o...
Tags: Amazon, TC, Microsoft, Tech, Venture Capital, Seattle, Pacific Northwest, Vmware, Madrona Venture Group, Madrona, Apptio, Amperity, Matt McIlwain, McIlwain, Tigera Snowflake and Accolade, Raj Singh To

Madrona appoints Cochran as MD

Madrona Venture Group has named Hope Cochran as managing director. Cochran joined the early-stage venture firm in 2017 as a venture partner. In addition to Cochran’s appointment, the firm has promoted Troy Cichos to chief operating officer and partner and Jennifer Chambers to administrative partner. PRESS RELEASE SEATTLE, WA – January 15, 2019 – Madrona Venture Group, an early-stage venture capital firm, announced today that Hope Cochran is expanding her role to become a Managing Director. Cochr...
Tags: Amazon, Ipo, Trends, People, Hasbro, Seattle, Pacific Northwest, Madrona Venture Group, Activision, Seattle Wa, Jennifer, Cochran, King Digital, Jennifer Chambers, PeopleSoft, Riveter

Seahawks QB Russell Wilson’s TraceMe grabs Series A

Seattle-based TraceMe, a social media startup founded by Seahawks quarterback Russell Wilson, has raised an undisclosed amount of Series A funding, according to a blog post. (Fortune reported the amount to be $9 million). Matt McIlwain from Madrona Venture Group led the round with participation from other investors that included Bezos Expeditions; Chad Hurley, co-founder of YouTube; Joe Tsai, co-founder of Alibaba; Kenny Dichter, founder of Wheels Up; and Mike Mahan, president of Dick Clark Prod...
Tags: Trends, Alibaba, Seattle, Russell Wilson, Seahawks, Madrona Venture Group, Kenny Dichter, Chad Hurley, VC Deals, Matt McIlwain, Joe Tsai, Bezos Expeditions, Mike Mahan

With $45M in New Cash, Skytap Covers Terrain Missed by Cloud Giants

Despite their size, the cloud computing services provided by tech giants such as Microsoft, Amazon, and Google, don’t work for everyone. Skytap, a Seattle-based company that spun out of University of Washington at the dawn of cloud computing to help businesses move traditional IT functions to the cloud, on Tuesday announced it has raised $45 million in fresh funding. The Series E investment was led by Goldman Sachs Private Capital, and may be a precursor to an IPO for the 11-year-old comp...
Tags: Google, Amazon, Microsoft, Ipo, Trends, It, People, Vc, Ibm, Seattle, Vmware, Madrona Venture Group, Insight Venture Partners, Redfin, University of Washington, Microsoft Amazon

Baidu Acquires Seattle Natural Language Startup KITT.AI

KITT.AI, a startup spun out of the Seattle-based Allen Institute for Artificial Intelligence in 2015 and backed by investors including Amazon’s Alexa Fund, has been acquired by Chinese technology giant Baidu. KITT.AI makes technology to enable voice interaction with digital devices and services, including a platform that allows people to “wake up” devices with a defined word or phrase, and systems for natural language understanding and dialogue management. It’s the latest example of a glo...
Tags: Amazon, Startups, Microsoft, Trends, It, Vc, Artificial Intelligence, M&a, Nvidia, Baidu, Seattle, Carnegie Mellon University, Madrona Venture Group, Natural Language Processing, Johns Hopkins University, Kitt

Taxes: They are necessary

Matt McIlwain’s Op-Ed repeats the same self-serving logic we have heard for decades: Washington voters defeated a proposed income tax a few years ago, and the economy has prospered, therefore, the tax was clearly a bad idea. The figures about economic expansion and job growth are true but are not caused by something as marginal […]
Tags: News, Opinion, Washington, Letters to the Editor, Matt McIlwain, Northwest Voices

AI Without the Costly GPU Chips? Seattle Startup Sees a Way

Picture a world in which cameras, sensors, watches, and other devices, equipped with commodity computer chips, recognize and understand what’s happening around them. The basic devices are there now—billions of them—but they can’t handle the complex, resource-hungry algorithms that identify objects in pictures or translate text from one language to another, the kinds of inferences that come from state-of-the-art artificial intelligence systems. “Our goal is to basically get AI” into these ...
Tags: Google, Startups, Mobile, Internet Of Things, Microsoft, Trends, It, Vc, Artificial Intelligence, Innovation, Nvidia, Machine Learning, Seattle, Data Privacy, Madrona Venture Group, Raspberry Pi Zero

Madrona appoints Somasegar as MD

Madrona Venture Group, an early-stage venture capital firm, has named S. Somasegar as managing director. Somasegar joined the firm in November 2015 as a venture partner. PRESS RELEASE SEATTLE–(BUSINESS WIRE)–Madrona Venture Group, an early-stage venture capital firm, announced today the appointment of S. “Soma” Somasegar to the role of Managing Director. Soma joined Madrona in November 2015 as a Venture Partner, following a more than twenty five year career at Microsoft leading the company’s Dev...
Tags: Google, Amazon, Microsoft, Israel, US, Trends, People, Soma, Seattle, Pacific Northwest, Madrona Venture Group, Louisiana State University, Pacific NW, Somasegar, Madrona, Matt McIlwain

Startups: Get Free Tickets to Xconomy Intersect on Thursday

Thanks to our generous sponsors, Xconomy is able to provide complimentary tickets to a number of startups for Xconomy Intersect: Innovating Where Disciplines Collide, coming up this Thursday afternoon at 415 Westlake, in the heart of Seattle’s South Lake Union innovation neighborhood. To reserve your complimentary ticket, simply e-mail [email protected] with the following information: —Your Name —Title —Company These tickets are reserved for companies less than three years old with 20 or...
Tags: Startups, Technology, Microsoft, Trends, Seattle, Accolade, Dfj, Madrona Venture Group, Ggv Capital, Offerup, Nick Huzar, Textio, University of Washington, Westlake, Pacific Northwest National Laboratory, Vikram Jandhyala

Saver Rate Ends Today for Xconomy Intersect: Innovating Where Disciplines Collide

We’re just about two weeks away from Seattle Intersect: Innovating Where Disciplines Collide—and this is your last chance to save $50. This special event takes place on Thursday, December 8th, at 415 Westlake, in the middle of Seattle’s South Lake Union innovation neighborhood. Join us for a unique view of the crossroads from which the next big Seattle idea may emerge. Our speakers include: Hans Tung, Managing Partner, GGV Capital Rajeev Singh, CEO, Accolade Xuedong Huang, Distinguish...
Tags: Startups, Technology, Microsoft, Trends, Seattle, Accolade, Madrona Venture Group, Ggv Capital, Offerup, Nick Huzar, Textio, University of Washington, Westlake, Pacific Northwest National Laboratory, Vikram Jandhyala, Peter Wilson

Seattle Week in Review: A Chill in the Air and a Flurry of Funding News

Winter is coming. Yes, I’m talking about the weather. Meanwhile, a flurry of tech news from the Seattle area emerged through the deafening cacophony of news and reaction to America’s new political reality. Read on for funding news from Tola Capital, Heptio, M87, Apptentive, Echo Health Ventures, and more. —Tola Capital, a Seattle-based venture fund, has closed a $295 million fund, an SEC filing shows, eclipsing the $225 million target it set when it began raising the fund in 2015. Tola, h...
Tags: Startups, Mobile, Microsoft, America, Trends, It, People, Vc, T-mobile, SEC, Seattle, Containers, TechStars, Accolade, Accel, Kubernetes

Check Out the Agenda for Xconomy Intersect in Seattle Dec. 8

We’re excited to hear from a great group of leading entrepreneurs, investors, and researchers at our next event in Seattle, Xconomy Intersect, coming up on Dec. 8. We’ve just released the agenda. Here are some highlights: The high-level idea behind this event is to look for the intersections—between industries, disciplines, and cultures—yielding impactful innovations now and in the years to come. One of the big trends we’ll explore is the increasing capabilities of computers to do human-l...
Tags: Startups, Microsoft, Trends, People, Innovation, Seattle, Cleantech, Accolade, Madrona Venture Group, Agtech, Ggv Capital, Offerup, Nick Huzar, University of Washington, Microsoft Research, Pacific Northwest National Laboratory

Xconomy Intersect: New Speakers Added as Discount Rate Ends

Here are three big things to know about Xconomy Intersect, our next Seattle event coming up Dec. 8: Microsoft’s chief speech researcher, Xuedong Huang, whose team just set a new record for accuracy in machine transcription, is one of the new speakers joining our outstanding lineup of entrepreneurs, investors, and thinkers. Kirk Washington, a longtime cleantech venture capital investor with experience on both sides of the 49th parallel, is another. And, Thursday is the last day you can save ...
Tags: Startups, Technology, Microsoft, Trends, Seattle, Accolade, Madrona Venture Group, Ggv Capital, Offerup, Nick Huzar, Textio, University of Washington, Westlake, Pacific Northwest National Laboratory, Vikram Jandhyala, Peter Wilson

Announcing Xconomy Intersect: GGV, Accolade, OfferUp, Textio & More

The most interesting innovations are found where disciplines, industries, and cultures intersect—where intelligent machines edit human writers, drones plant trees, and cloud computing accelerates the transformation of healthcare, for example. Xconomy is excited to announce our upcoming Seattle event, an exploration of the crossroads from which the next world-changing ideas may emerge. Join us Thursday, Dec. 8, for an afternoon of intriguing conversations with top investors, hot startup CEOs...
Tags: Apple, Google, Startups, Washington, China, Trends, It, People, Vc, SaaS, Innovation, Seattle, Pacific Northwest, Accolade, Sap, Concur

AI is for real and intelligent apps is its vehicle according to Madrona Group’s Matt Mcilwain

 Q: You’ve been incredibly successful as a VC—you’ve had numerous major exits and been named to the Forbes Midas list several times. To what do you attribute your success? I think the most important thing about being successful in the venture business is being able to work with these great entrepreneurs. We try to find them at an early stage then roll up our sleeves and help… Read More
Tags: Amazon, Startups, Column, Satya Nadella, Entrepreneur, Artificial Intelligence, Jeff Bezos, Sequoia, Matt McIlwain, Isilon

Andreessen Horowitz leads $70 mln round for Accolade

Accolade Inc said Aug 11 that raised more than $70 million in Series E funding led by Andreessen Horowitz and with participation from Madrona Venture Group and others. Seattle-based Accolate is an on-demand healthcare concierge for employers, health plans and health systems. Including the current financing, Accolade has raised more than $90 million in its Series E round. PRESS RELEASE Accolade Raises More than $70 Million, Led by Andreessen Horowitz, to Transform the Costly, Complex and Fragment...
Tags: Trends, Andreessen Horowitz, Seattle, Madrona Venture Group, Opentable, Forbes, Inc, Jeff Jordan, Madrona, McKesson Ventures, VC Deals, Rajeev Singh, Matt McIlwain

Accolade Raises $70M to Build Healthcare Concierge Technology

Accolade, the healthcare IT company that filled its C-suite with the executive team behind one of the Seattle area’s biggest startup success stories and established a new headquarters here earlier this year, has added $70 million in fresh capital to its coffers from Andreessen Horowitz and Madrona Venture Group, among others. The funding, part of a Series E investment round that the company began raising in July 2015, brings the total venture capital raised by Accolade in its nine-year hist...
Tags: Washington, Trends, It, Vc, Czech Republic, Prague, Hilton, Affordable Care Act, Philadelphia, Andreessen Horowitz, Seattle, Pacific Northwest, Accolade, Sap, Northwest, Concur

Neighborly Data: Dato to Integrate Machine Learning Services with Tableau

Dato, a Seattle machine learning startup, will put its services in front of a large audience of potential customers through an integration with the next product release from its neighbor, Tableau Software. Tableau (NYSE: DATA), the data visualization and analytics company headquartered in Seattle’s Fremont neighborhood, is currently beta-testing Tableau 10, which is due out later this summer and will include the Dato Predictive Services integration along with a host of new features. Dato pr...
Tags: Startups, Big Data, Trends, Analytics, It, Innovation, Visualizations, Machine Learning, Seattle, Madrona Venture Group, Tableau Software, Tableau, Dato, Madrona, National blog main, Seattle blog main

Is Your Machine Learning Algorithm Smarter Than a Dog?

Do we need an Asimov’s Law for chatbots? And how do they compare with a talking parrot? What can dairy farmers learn from outfitting cows with pedometers? How can algorithms better explain to humans not just what they’re predicting, but why? Some of the biggest names from the Seattle area’s growing machine learning and artificial intelligence community tackled these questions and more Wednesday at a Madrona Venture Group summit. The sprawling array of challenges and opportunities in this fa...
Tags: Amazon, Startups, Japan, Microsoft, Ebay, Trends, Siri, It, Vc, Artificial Intelligence, Agriculture, Machine Learning, Google Now, Seattle, Alexa, Madrona Venture Group

Investor Survey, Part 2: A Pair of Seattle VCs on 2016 Themes

Will a new crop of Seattle startups rise to world domination? Will virtual or augmented reality applications create the next powerhouse tech company? Those are two of the overriding hopes and ambitions emerging from the Seattle segment of my informal cross-country survey of leading investors as I seek to unearth core investment themes and premises as we dive into 2016. Seattle is the second city in my survey, which and will continue quasi-regularly across much of our 10-region network. In...
Tags: Amazon, Deals, Startups, Nordstrom, Microsoft, Boston, Tech, Outreach, Vc, Computing, Portland, Machine Learning, Virtual Reality, Starbucks, Augmented Reality, Vancouver

Madrona leads $9 mln Series A for Amperity

Madrona Venture Group led a $9 million Series A funding round for Amperity, a marketing technology company based in Seattle. Other investors in the round include Liquid 2 Ventures founder Joe Montana and Rajeev Singh, co-founder of Concur. Concurrent with the funding, Matt McIlwain, managing director at Madrona, will join the company’s board. PRESS RELEASE SEATTLE, Wash., Feb. 5, 2016 /PRNewswire/ — Marketing technology company Amperity has closed $9M in Series A funding, led by Madrona Venture ...
Tags: Microsoft, CMO, Coca Cola, Joe Montana, Madrona Venture Group, Derek, Mike Miller, Procter Gamble, Slager, Kabir, Madrona, VC Deals, Kopp, Amperity, Seattle Other, Rajeev Singh