General Partner

David Hornik

Executive Assistant: Jenna Lorenzano
 
General Partner

David Hornik

Executive Assistant: Jenna Lorenzano
 
General Partner

David Hornik

Executive Assistant: Jenna Lorenzano
 

For the last 20 years, David has worked closely with technology companies to help them grow and prosper. David joined August Capital in 2000 to invest in a broad range of software companies. Since that time, he has invested in dozens of companies across the software spectrum, including a number of enterprise software and SaaS (e.g, Splunk, Fastly, PayCycle, RocketLawyer), consumer services (e.g., Evite, Ebates), and payments related businesses (e.g., WePay, Bill.com, PayNearMe).

Along with colleagues at August Capital, David started the first venture capital blog, VentureBlog, and the first venture capital podcast, VentureCast. He is the creator and executive producer of the The Lobby and Lobby:Enterprise, August Capital’s annual gatherings of the thought leaders across digital media and enterprise/SaaS software — www.thelobbyconference.com. David also serves as the Tech Curator for the TED Conference in Vancouver and is the co-creator and host of TEDxStanford. He received Deloitte’s 2013 Venture Capitalist of the Year award and has been honored by Forbes Magazine as a member of its Midas List of top Venture Capitalists.

David has an eclectic educational background. He received an BA from Stanford in Computer Music, an M.Phil in Criminology from Cambridge University, and a JD from Harvard Law School. He has taught courses in entrepreneurship, venture capital and law at Stanford Business School, Harvard Law School, Stanford Law School and the Stanford School of Engineering and has served as an Entrepreneur in Residence at the Harvard Business School.

David lives in Palo Alto with his wife Pamela, their four children, and their puppy Teddy.

Current August investments: Bill.com, DataTorrent, Fastly, LiveOps, MassDrop, Nomis Solutions, PayNearMe, Rocket Lawyer, Second Spectrum, TalkShow, TopHatter, TownSquared and WePay.

Previous August investments: Aardvark (acquired by Google), Aisle50, DoneRight (acquired by LendingTree), eBates (acquired by Rakuten), Evite (acquired by Ticketmaster), Gravity (acquired by AOL), Jaxtr (acquired by Sabse Bolo), PayCycle (acquired by Intuit), Notiva (acquired by Oracle), RedSwoosh (acquired by Akamai), Splunk (NasdaqGS: SPLK) and Tickle (acquired by Monster).

 
 

Current Investments

Industry Sector: eCommerce

Headquartered: Palo Alto, CA

Lead Investment Professional: David Hornik

Bill.com: Bill.com is the leading digital business payments company creating magically simple A/P and A/R solutions. We are uniquely positioned at the center of business payments, uniting banks, accountants, and businesses on the fastest growing payments network. Bill.com helps over 600,000 network members process over $19 billion in payments per year and saves companies up to 50 percent of the time typically spent on financial back-office operations by securely automating their end-to-end processes. Three of the top ten U.S. banks and 35 percent of the top 100 accounting firms rely on Bill.com as their primary payments solution.

Industry Sector: Software and Services

Headquartered: Santa Clara, CA

Lead Investment Professional: David Hornik

DataTorrent:

DataTorrent empowers today’s enterprises to experience the full potential – and business impact – of big data, by enabling them to process, analyze, make decisions and take action on data in real-time.

The company was founded by long-time ex-Yahoo! veterans with vast experience managing big data for leading edge applications and infrastructure at massive scale. With their deep background building very large scale platforms, these veterans have built an infinitely scalable and fully fault-tolerant technology that leverages the very latest developments in the big data ecosystem.

Recognizing that big data holds the most value for businesses’ bottom line and operational intelligence when it can be acted upon instantaneously – DataTorrent set out to solve the challenges posed by the need to process massive amounts of data in real-time.

The DataTorrent platform is the most robust solution for real-time stream analytics and action for big data, simplifying the development and production of real-time applications. Moreover, our platform addresses the key challenges that have traditionally delayed the full utilization of big data technologies: ease of use and operation at the enterprise level.

As a platform that offers critical enterprise features such as linear scalability and high availability – DataTorrent enables enterprises to take advantage of the real-time impact of big data—with no risks, constraints, management overhead or performance degradation.

Industry Sector: Data Communications

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

Fastly: Fastly is changing the way the world experiences the internet.

We’re redefining content delivery. Our mission is to help businesses operate in real time and increase their speed of innovation. With Fastly, you can manage traffic spikes and mitigate security threats all while improving the performance of your website and mobile application.

More insight into your digital world

Fastly isn’t a black box — our services integrate with your existing software stack via API and become a core part of your development environment. Custom configurations and real-time performance analytics allow you to make informed decisions instantly, ensuring a better user experience for your visitors and shoppers.

Improved business agility

Our technology and infrastructure lets your team innovate rapidly and multiply traffic capacity without added risk or the need to increase your infrastructure investment.

Security without sacrificing performance

Security is crucial to any enterprise, but it shouldn’t come at the cost of performance. We continually protect our customers from the largest attacks. Fastly also lets you move authorizations to the edge of our global network, ensuring that your users’ information stays secure.

Industry Sector: Software and Services

Headquartered: Redwood City, CA

Lead Investment Professional: David Hornik

LiveOps: In a world of piece-meal solutions, LiveOps set out to “answer the call” of modern day customer engagement. We cracked the code for enabling fast, smart communication – regardless of the incoming channel. Gone are the siloed channels of phone, email, chat, and social media. Gone is the church and state line between marketing and customer service. Finally, the right hand knows what the left hand is doing and everyone in your organization can truly deliver on the “how can I help?” promise. With LiveOps, brands have a 24/7, 360-degree ability to connect with consumers faster, better and cost-effectively. Customers and brands finally have a two-way, real-time interaction on the consumer’s channel of choice whether it be traditional voice, email, chat, SMS, social or mobile.

Industry Sector: eCommerce

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

MassDrop: Massdrop is an online community for enthusiasts that provides people across several communities — from audio and electronics to quilting and cooking — a place to connect, discuss their favorite products and activities, and buy those products together.

Industry Sector: Software and Services

Headquartered: San Bruno, CA

Lead Investment Professional: David Hornik

Nomis Solutions: Nomis Solutions is a fast-growth software company that combines cutting-edge Silicon Valley approaches to big data, advanced modeling, and deep analytics to help large and medium-sized retail banks better understand their customers.

Industry Sector: eCommerce

Headquartered: Sunnyvale, CA

Lead Investment Professional: David Hornik

PayNearMe: PayNearMe is the cash transaction network that makes it easy for payees to accept cash payments quickly and easily through any of 17,000 participating 7-Eleven, Family Dollar, and ACE Cash Express stores nationwide. Customers can go to their local 7-Eleven or Family Dollar store at any time of day or night and make a payment in less than 60 seconds. PayNearMe offers a cost effective, convenient way for customers to pay for online purchases, repay loans, pay rent and much more with cash. PayNearMe follows a simple 3-step process. After selecting an item online to purchase or a payment to make, customers select paynearme as the payment option, print a PayNearMe PaySlip or Card, and then pay at a local store.

Industry Sector: eCommerce

Headquartered: Palo Alto, CA

Lead Investment Professional: David Hornik

RocketLawyer: Helping 20 million people.  Just like you. Our laws were created to protect and empower us — as individuals, families and business owners — but many people don’t get the help they need because of costly legal fees and complexity.

At Rocket Lawyer, we want to change things by making legal services affordable, simple and available to more people than ever before. I’m proud to say that we’ve been able to build a service that millions of people rely upon. Every day we spend our time and resources making it easier for people to get the legal help they need, so they can focus on what’s really important — taking care of their families and building strong businesses.

We combine free legal documents and free legal information with access to affordable representation by licensed attorneys. With Rocket Lawyer On Call, you can create a Will for your family for free or incorporate a business free from legal fees. Then, because we know there’s no replacement for qualified counsel, local attorneys are here to help when you need more guidance. With Rocket Lawyer you never have to go it alone.

Our commitment to affordable and accessible legal services is at the heart of everything we do. Most attorneys and bar associations agree that much can and should be done to improve access to the law by reducing cost and complexity. We invite you to try our service and see why customers like Sean Reid say they’re glad to have Rocket Lawyer On Call®.

Together, we’ll make the law work for you.

Industry Sector: Software and Services

Headquartered: Los Angeles, CA

Lead Investment Professional: David Hornik

Second Spectrum: Second Spectrum was founded in 2013 by Rajiv Maheswaran, Yu-Han Chang, and Jeff Su. Rajiv and Yu-Han were faculty in USC’s Computer Science Department and Jeff was a software engineer at Factual, a leading big data company. In their spare time, Rajiv and Yu-Han began a project analyzing NBA player tracking data, working with a few talented USC undergrads (who later joined the Second Spectrum team). Their work was awarded with the Best Research Paper at the 2012 MIT Sloan Sports Analytics Conference, garnering the attention of professional sports leagues and teams. They won a second Best Research Paper at Sloan two years later. Today, we have over 40 full-time employees, including former professors, big data startup veterans, talented undergraduates, incredible designers and professional athletes. Together, we are transforming sports through technology.

Industry Sector: eCommerce

Headquartered: Palo Alto, CA

Lead Investment Professional: David Hornik

Tophatter (Blippy): Tophatter is a virtual auction house. It also happens to be the world’s most entertaining live marketplace. Tophatter conducts live online auction every day where buyers and sellers can interact, chat and transact in a wide variety of categories.

Industry Sector: Software and Services

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

Townsquared: Our mission is to empower local businesses.

We believe that when businesses connect to share advice and resources and work together, they strengthen themselves as well as their local economy – creating a better community for everyone.

You’re stronger, together.

When expertise and resources are easily shared, it ensures the success of not just one business but all of the businesses in the area. Townsquared encourages the exchange of local knowledge for the benefit of all community members.

You can’t put a price on community.

Community culture is built over years and years of commitment from the businesses and people who support their neighborhood. We want those cultures to persist through strong local businesses so we’ve made sure Townsquared will always be a free resource for businesses.

You have trusted sources.

Who knows the ins and outs of your neighborhood better than your business neighbors? Townsquared verifies every person who joins to ensure you’re communicating only with actual business owners and staff from your neighborhood. Townsquared conversations are also 100% private and cannot be seen by anyone you don’t allow.

Industry Sector: eCommerce

Headquartered: Palo Alto, CA

Lead Investment Professional: David Hornik

WePay: WePay is built for companies facilitating transactions between merchants and payers on their platform. We understand that these three party transactions (merchants, payers, your platform) have their own unique needs and we’re designed with your needs in mind. The payments API calls are grouped into three categories, based on the key points in the payment user experience. Explore them below and see the flexibility you have in designing your platform’s unique user experience.

Past Investments

Industry Sector: Software and Services

Headquartered: Chicago, IL

Lead Investment Professional: David Hornik

Aisle50: Aisle50 has built the best technology for connecting consumers outside the grocery store to great offers inside the store—a function that makes consumers happy and sends them to stores more often. We work with companies like Kellogg’s, Unilever, Pepsico and General Mills to deliver rich grocery offers to consumers through the web, mobile and social media. And, of course, we leverage data at every step we can. We believe in data so much, in fact, we wrote a book about it. Our offers are different because consumers pay for them before they go to the store, locking up the savings for the consumer and the purchase for the retailer and the brand. With Aisle50, retailers enjoy extra trips from consumers — more than 10% of our redemptions trigger immediate trips to the store. Even better for retailers, Aisle50 redeemers buy 24% more than they would normally without an Aisle50 deal in their back pocket. Bigger baskets! Our solution is beautiful for brands as well, delivering hundreds of thousands of premium impressions across email, social media and retailer web portals, giving brands focused promotion with closed-loop feedback. And because consumers make the purchase decision through web or mobile with Aisle50, we end the marketing game several innings ahead of schedule.

Industry Sector: Software and Services

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

Mechanical Zoo (Aardvark) (acquired by Google): Aardvark is a social search engine that allows users to ask questions and receive answers from their extended network.

Industry Sector: eCommerce

Headquartered: NA

Lead Investment Professional: David Hornik

Perform Local (assets acquired by Lending Tree): Lead generation platform.

Industry Sector: eCommerce

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

eBates (acquired by Rakuten): Ebates is the pioneer and leader of online Cash Back Shopping. The company was founded in 1998 by two Deputy District Attorneys in Silicon Valley who used to prosecute online fraud & identity theft before starting Ebates (so you can be sure we are very into secure online transactions!). So go ahead, sign up and start shopping now. Joining Ebates is always free – you’ll never pay us anything. And four times a year or more, we’ll mail you a Big Fat Check, or transfer the money to your PayPal account if you’d prefer. We can even send the money to your favorite charity. All 100% free. People often ask: “This sounds too good to be true, how are you able to do it?” It really is quite simple. Just like almost every other online shopping center, we get a commission from the stores when you make a purchase. Instead of keeping that money – like almost all other sites do – we share it with you! So, as long as 1,700+ of the world’s top online stores are happy to pay a bonus to attract the new, valuable customers we send their way, Ebates.com is going to continue to send Big Fat Checks to our satisfied customers across the globe.

Industry Sector: Software and Services

Headquartered: Santa Monica, CA

Lead Investment Professional: David Hornik

Gravity (acquired by AOL): When we founded Gravity the vision was simple – “Let’s Personalize the Internet.” The foundation of our personalization engine is a framework we call the Interest Graph, which is the set of things you care about and how much you care about them. We generate interest graphs and apply them for personalization throughout our growing network of sites and apps. Our goal is nothing less than creating magical personalized experiences for you across the entire web.

Industry Sector: Software and Services

Headquartered: New York, NY

Lead Investment Professional: David Hornik

Notiva (acquired by Performance Retail): Notiva Corporation is a service provider of transaction and financial settlement solutions for purchasers and suppliers. Its e-finance product leverages transaction data in a manner in which sellers are paid within three to seven days of shipment.

Industry Sector: Software and Services

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

Ohai (acquired by Electronic Arts): Social gaming platform.

Industry Sector: Software and Services

Headquartered: Cupertino, CA

Lead Investment Professional: David Hornik

PayCycle (acquired by Intuit): SMB Online Payroll Application Service Provider

Industry Sector: Software and Services

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

Pixelpipe (exited): Pixelpipe is a media distribution gateway that allows users to publish text, photo, video, audio & documents through Pixelpipe and have the content distributed across over 75 social networks, photo/video sites and blogs, and online storage services. We provide a number of mobile & desktop applications for users, liberating their media and sharing their life. Headquartered in the San Francisco Potrero Hill our small team of industry veterans is complemented by a number of full-time developers located around the globe. Our platform has been built from the ground up to run in the cloud. The platform has been designed to scale with an automation and management infrastructure informed from years of production experience. Our sharded, asynchronous, grid-based architecture allows us to instantaneously add capacity where and when needed.

Industry Sector: Data Communications

Headquartered: NA

Lead Investment Professional: David Hornik

Red Swoosh (acquired by Akamai): Red Swoosh is a peer-to-peer content delivery company that develops client-side technology to support, manage and distribute media files.

Industry Sector: Data Communications

Headquartered: Mountain View

Lead Investment Professional: David Hornik

SabSe (jaxter): Sabse Technologies Inc. was founded by Yogesh Patel and Sabeer Bhatia in January 2008. Sabse’s first product is Sabsebolo – a cloud-based voice conferencing and fax-to-email service. Since its launch, Sabsebolo has attracted over 500,000 small businesses who use the service for hosting conference calls and receive faxes through their email. Sabse Technologies has acquired 3 companies with promising technologies. – Jaxtr Inc., Mobivox and Vysr. Jaxtr is an IP Messaging platform with APPs for Text, Voice and Video, Mobivoxis a Cloud based PBX. Vysr is a scalable presence engine in the cloud. Why Sabse? Sabse has built a scaleable Cloud Communications Platform which providers developers a robust infrastructure to develop Voice and Text applications on. Sabse has built 3 apps of its own on this platform – PBX, Voice Conferencing and IVR.

Industry Sector: Software and Services

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

Splunk (SPLK): It enables the curious to look closely at what others ignore—machine data—and find what others never see: insights that can help make your company more productive, profitable, competitive and secure. What can you do with Splunk?

Just ask.

Powerful search, analysis and visualizations. Thousands of enterprise customers. Quick to get started. Our breakthrough products change how organizations use data. By enabling everyone in the organization, from the system administrator to the C-level executive, to bridge the data divide, Splunk products unify business and IT users around the tremendous value and ROI to be found in machine data. Unlocking powerful insights from machine data is something every organization needs to take advantage of—and with Splunk products, they can.You see servers and devices, apps and logs, traffic and clouds. We see data—everywhere. Splunk® offers the leading platform for Operational Intelligence.

Industry Sector: Software and Services

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

SAY Media (exited):We work with advertisers to create authentic campaigns that are aligned with editorial and designed to captivate readers. We also do in-depth research and create beautiful media experiences for publishers. Tempest is our next-generation publishing platform that caters to the needs of storytellers, marketers, and readers. With features like editor-friendly smart layouts, premium advertising experiences like Adaptive Ads, and device-agnostic article pages, Tempest creates quality editorial experiences focused on driving engagement rather than inflating pageviews.

Industry Sector: Software and Services

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

Six Apart (merged with VideoEgg into SAY Media): Formed in 2001 as a blog solution provider in the US, Six Apart provides award-winning blogging software and services that change the way millions of individuals, organizations, and corporations connect and communicate around the world every day.

Industry Sector: eCommerce

Headquartered: Calgary, Canada

Lead Investment Professional: David Hornik

StumbleUpon: StumbleUpon is a giant collection of the best pages on the Internet. You tell us your interests. We recommend great websites, photos and videos. Simple.

Industry Sector: Software and Services

Headquartered: San Francisco, CA

Lead Investment Professional: David Hornik

Technorati: Technorati uses technology and real-time market insights to optimize digital advertising interactions across an expanding high-quality publisher network. Since launching, the Technorati has grown into one of the largest digital advertising platforms (thousands of independent sites, blogs, and publishers), boasting an audience of over 138 million US unique visitors per month. We are dedicated to helping website publishers maximize their advertising revenue without having to worry about the complications of the ever-shifting advertising marketplace so they can get back to making the awesome content that we all consume every day.

Industry Sector: eCommerce

Headquartered: NA

Lead Investment Professional: David Hornik

Tickle (acquired by Monster): A media company providing self-discovery and social networking services. Formerly known as Emode.com, Tickle was founded on the idea that personal insight and connections to others can be scientific, fun and profitable. The site also allowed users to create their own tests, which were available for other users to take.

Howard Hartenbaum
Villi Iltchev