Andreessen Horowitz, others launch Big Data incubator

A new Big Data lab called Data Elite was announced on Thursday, backed by Andreessen Horowitz, Joe Lonsdale’s Formation8 and a group of other top venture and tech leaders.

The new lab in the SoMa district of San Francisco will nuture between five and 10 Big Data startups at a time, funding them with $150,000 each and providing them with space and mentorship to get started.

“We have managed to put together 12 of the best data scientists in Silicon Valley who will give a minimum of five hours a week of hands on working and consulting with our companies,” Stamos Venios, managing director of Data Elite, told me.

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