We’re very excited about this new recommendation, StackIQ. The company operates in the big data and cloud computing spaces.
So what is big data? It’s all about getting value from large sets of data. And it’s a very fast-growing industry. Big data is projected to be a $16.1 billion market in 2014.
A business can learn all sorts of things by analyzing its data. What are customers buying? How often are they buying? What can we do to make them buy more? You get the picture.
For large companies, analyzing this data can be a challenge. It often requires hundreds, even thousands, of servers. And they all have to work together.
That’s where StackIQ comes in. They offer end-to-end solutions for companies doing large-scale data analysis.
Key facts:
- Over 70 paying customers.
- Partners include Dell, HP, Red Hat, IBM and Cisco.
- Average bookings per customer: $47,974.
- Two $500k-plus contracts with Fortune 100 companies.
StackIQ also has applications in cloud computing. Using a combination of open-source and proprietary solutions, StackIQ can deploy cloud solutions quickly and affordably.
Meeting the CEO
It’s complex, technical stuff. That’s why Andy Gordon and I sat down with StackIQ CEO Tim McIntire. Andy and I happened to be at a conference just 10 minutes from StackIQ’s headquarters, so we arranged a dinner.
Tim explained all the nuts and bolts to us and we came away from the dinner impressed. We had already done hours of due diligence, but there’s nothing like a face-to-face meeting.
After meeting with Tim, we went over everything with our technical advisor, Derek Conjar. He gave the product a thumbs-up.
After another dozen or so hours of research, we decided to recommend StackIQ to Startup Investor subscribers.
Summary and Investing Instructions
Company Pre-Money Valuation: $12.77M
Total Investment This Round: $1.25M – $2.5M
Share Series: B-1 Convertible Note
Invest: https://www.ourcrowd.com/stackiq
Company website: http://www.stackiq.com/
Great product, great team, great prospects. A big market that’s getting bigger. Proprietary solutions that fix problems. It has everything we look for in a startup.
To invest in StackIQ, sign up with OurCrowd here:
https://www.ourcrowd.com/Investor/Create
Then click “Browse Startups,” then StackIQ, then under “Ready to Invest” click “I’m interested,” and enter an amount.
You’ll need to answer a few questions and verify that you’re an accredited investor. If you run into any issues, here is OurCrowd’s contact information:
1.858.546.4316
Audrey Jacobs, VP of Business Development
support@ourcrowd.com
Audrey and her team will take care of any questions you have.
Regards,
Adam Sharp
Founder, Early Investing
Startup Investor Portfolio
