[Editor’s Note: Mark Siegel, managing director at Menlo Ventures, was the keynote speaker at IBF’s Venture Capital Investing Conference today in San Francisco. The post below summarizes his talk, in which he argued that the convergence of mobility, cloud infrastructure, social and big data—what he calls the Right Now Economy—sets the stage for $500 billion in … Continue reading “The Right Now Economy: The Next Wave of Startup Success”
Author: Mark Siegel
Mark Siegel is managing director at Menlo Ventures. Mark joined Menlo in 1996 and focuses on investments in data storage, cloud computing, big data, and digital advertising. Mark’s active investments and board seats include Dropcam, eXelate, Invidi, Media6, Mixr, Pluribus Networks, Tintri and Voltage Security. Some of his previous board seats include 3PAR (acquired by HP), Pliant Technology (acquired by SanDisk), RNA Networks (acquired by Dell), BlueGill Technologies (acquired by Checkfree), and Rubric (acquired by Broadbase).
Mark is a graduate of MIT (B.S. in Physics with Electrical Engineering) and the Stanford Graduate School of Business. At MIT, Mark did computer modeling of dark matter and galaxy formation which eventually landed him as a product manager for Oracle’s Massively Parallel Processing Group. In this role, he was part of the original team that developed and deployed one of the first true massively parallel and multi-threaded commercial software offerings – the Oracle Parallel Server. Mark then started and managed a consulting group at Oracle dedicated to serving early customers of this product. In business school, Mark got the startup bug and went on to work in business development for Netscape from the first year of its inception through its IPO in 1996.
Mark is still actively involved with both Stanford and MIT, serving on MIT’s Corporation Development Committee and Stanford’s Engineering School and Business School venture investment boards. Mark is also a board member of the Western Association of Venture Capitalists (WAVC) and has been a member of the Dean’s advisory committee to MIT’s School of Science.
Mark grew up in Chicago and now lives in Portola Valley, CA with his wife and two children. In his spare time, he enjoys music, mountain biking, and skiing, and fantasizes about going to cooking school some day.