Sudip Chakrabarti is bullish about Seattle’s future as a startup metropolis — notably given his expertise in Silicon Valley.
The longtime Bay Space early-stage investor is transferring north to hitch Madrona Venture Group as its latest companion.
Chakrabarti was beforehand a companion at Lightspeed Venture Companions, and earlier than that at Andreessen Horowitz.
At Madrona he’ll deal with making investments in enterprise and cloud-based infrastructure firms.
Chakrabarti famous the standard of tech employees at locations like Microsoft and Amazon, in addition to Silicon Valley firms like Fb and Google which are rising their already-large engineering workplaces in Seattle.
“You take a look at all of the expertise and can’t assist however surprise that this explicit metropolis and placement ought to create much more firms than we now have at the moment,” mentioned Chakrabarti, a two-time startup founder.
As GeekWire reported earlier this month, the large tech giants could be sucking up entrepreneurial talent in the Seattle region. Many additionally say that the ecosystem wants extra traders — maybe Chakrabarti may help fill that void.
“The following five-to-10 years needs to be fairly thrilling, given the expertise that’s already current right here,” he mentioned.
Chakrabarti known as Seattle the cloud capital of the world, which bodes properly for his curiosity in cloud and infrastructure startups. He mentioned founders of those firms usually have spent years studying about cloud-related applied sciences, engaged on industry-leading platforms like Amazon Net Providers and Microsoft Azure.
“As they perceive the place the gaps and issues are, they will come out and construct startups to fill in these gaps,” Chakrabarti mentioned. “It’s a must to have that studying from huge firms. With cloud in explicit, I don’t see a greater place than Seattle the place you will get all that.”
“Sudip has a fantastic ardour for cloud and infrastructure applied sciences in addition to options leveraging machine studying that are strengths in our area and likewise a part of the core of our funding thesis,” Madrona Managing Director Matt McIlwain mentioned in an announcement.
Madrona, essentially the most energetic VC in Seattle, is ready for a big office expansion later this year. Madrona Venture Labs, the agency’s “startup studio,” is launching a 3-month startup accelerator this summer.