Investment Rationale · Andreessen Horowitz
Investment thesis
Starburst is positioned to become a key next-generation data architecture company.
We believe the future is bright for Starburst, and that it will become one of the key next generation data architecture companies in the market.
Traction
Starburst's customers include Comcast, Nike, Bank of America, Slack, and VMWare, and it maintains 99% gross revenue retention.
Comcast, Nike, Bank of America, Slack, and VMWare are customers, and Starburst has best-in-class retention, as demonstrated by 99% gross revenue retention.
Starburst achieves exceptional net dollar retention of 150%+.
They also have exceptional net dollar retention ~150%+, which indicates that customers buy more as they use Starburst longer.
Team
Starburst's team includes the original creators of Presto at Facebook.
Joining Justin are two co-founders Matt Fuller, and Kamil Bajda-Pawlikowski as well as Martin Traverso, Dain Sundstrom, David Philips, the team that originally created Presto at Facebook in 2012 and have led the community ever since.
Investment context
a16z made its investment in Starburst from its Growth fund.
We are thrilled to announce our investment in Starburst from the Growth fund and welcome Justin and Starburst to the a16z family.
What founders can learn
- The traction evidence that carried weight: Andreessen Horowitz wrote that Starburst's customers include Comcast, Nike, Bank of America, Slack, and VMWare, and it maintains 99% gross revenue retention.
- How the team was judged: Andreessen Horowitz wrote that Starburst's team includes the original creators of Presto at Facebook.
Source and provenance
Investment Rationale published by Andreessen Horowitz on a16z.com (first-party source). Read the original
