Accel just raised another $2 billion to invest into startups - here are the kinds of companies they want to fund
The 30-plus year old firm has offices in the San Francisco Bay Area, New York, London and Bangalore. Earlier this year, the firm described nine areas of focus, each worthy of fascination and future innovation.
- A "quantified, autonomous future" made possible by the "confluence of predictive analytics, artificial intelligence, machine learning and computer vision technologies." Think intelligent machines, drones, and self-driving cars.
- "The social graph continues to reorient how people interact." Think crowdfunding for everything from donations to how we listen to music.
- "Enterprise-grade tools [that] change the way businesses collaborate, communicate and innovate." Think collaboration platforms and workplace software.
- "Open source software" causes "a rethinking of the technology engine in the enterprise." Think the billions of lines of code that now power business software.
- A "golden age of video" is upon us. Think mobile production, distribution and monetization of video.
- "Augmented/virtual reality experiences … hint at a future where video evolves into something immersive and interactive." Think Oculus, acquired by Facebook, and Niantic, which emerged from Google.
- Growth of an "APX Economy" where third-party APIs basically replace business processes. Think non-core capabilities like payment systems, analytics and search.
- "Hardening security." Think defense against hackers and ransomware, let alone defending cyber warfare.
- People can "capitalize on their talents wherever they are." Think the rise of an "on-demand economy" but on a global scale.