SXSW Accelerator: Enterprise and Big Data finalists, part 2
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SXSW Accelerator recommenced after a short break. Fieldwire, from San Francisco, kicked off the second half of the pitches from enterprise and big data finalists. They offer a mobile productivity platform for construction and maintenance workers. Users can record, track and share tasks, in the field, in real-time, with geotagging directly from their blueprints.
In between pitches judges talked about the confluence of startups trending toward massive, legacy markets like insurance and construction, and the maturing of technologies in the cloud that are making it possible for them to compete in an arena that might have been unreachable for them in the past. That also drives VC return expectations higher. As one judge said, “it’s ok to go after the next noble cause but if it won’t make big bucks, better to move on the next idea if you’re truly seeking venture capital investment.”