 that we talked about they're gonna have huge amount of opportunity to raise money at huge valuation so the step-up valuation they got to be valued at least between 300 and 500 million dollars right now so that's kind of my guesstimate I have no insight information to validate I know that their last valuation is roughly around 250 million dollars in that neighborhood so assume that this next step-up valuation was this up around which we heard it was it's got to be north of 300 million if they continue to execute the capital markets are so frothy on the late stage there are billions of dollars of capital under management that are looking for the growth deals and there's a lot of secondary markets you're seeing what Facebook did what Twitter did what LinkedIn did all these companies raise a significant amount of money Zynga another one the winners will raise money so Cloudera does not have a money problem what they have right now is their issue is the opportunity to extend that lead and that is the chess game that armor Mike and the team is going to play and the execution that Kirk done is going to do to me they're in a great position to put the throttle down and just blow Pat continue to throw dust in Hortonworks face and we've been talking about the parallels and the differences all week with Linux and red hat and the big difference that I see John is people just left red hat alone for a decade and they were able to sort of bump along and do their own thing the management of these companies today saw that they're smart I mean Pat Gelsinger who's been on the Cuban number of times I mean essentially he said to us look he didn't say these words but my inference was we were going to let Cloudera try to run away with this so Cloudera is going to see some competition to me that's validation so I agree with your scenario that Cloudera has to keep putting the pedal to the metal you know spending aggressively I think marketing is an area where Cloudera is is is going to really have to put some emphasis because they're going to be up against the oracles and the EMC's and the IBM's of the world so let's do a review quick top stories from Hadoop world is clearly traction in Hadoop the growth to mainstream the amplification of Hadoop tools and the platform positioning has been key with there's peace in the Apache community there's no real mud fighting going on they all know each other the real wars on the differentiators the other big news Dave is that you know the funding is robust Cloudera and got an additional 40 million dollars Excel partners launched the first ever big data fund of a hundred million dollars where they'll invest in startups across the board up and down the stack and just overall great partnerships net apps announcing a deal with Cloudera Hortonworks has got deals in the works a lot of big vendors asked her data is here so just a ton of activity and it's just crazy my last predictions you're going to see other big data funds I mean that's kind of a layup right other people are going to come out and copy what what what Ping Lee's firm Excel partners has done I think it's very important to underscore the relationship between those funds the ecosystem investment and Cloudera's ascendancy that's a very important component and that's why Mike Olson was so excited about it and one of the reasons why he and Ping Lee wanted to come on the cube to talk about that yeah and the and the the other thing that people have been talking about about Hadoop is the competition and we've heard from everyone here at the event including Cloudera Hortonworks and others they love the competition competition is good for everyone it provides validation there's a marketplace there's tools available and essentially no one was really afraid Cloudera is basically hey you know okay competition is good for everyone we're just going to continue to do our business and be number one and push the envelope you know people are okay with the competition so that story is not as hot as people think it's just complete validation that the overall space is going to have rapid growth and so analytics business intelligence tools platform open source everything's growing that's good for everyone and rising tide floats all both what's the number one risk factor in your opinion to Cloudera's success I think if Cloudera drops the ball on how they handle the open source contribution and what's proprietary and if they don't keep an eye on that product and make that clearly an excellent product they could lose their lead a little bit so that's a risk I don't think that's going to be a big risk factor for them so if they kind of botch up the the strategic side is one and two I think Kirk Dunn has talked about it is on the execution side of Cloudera their risk is if they don't go out and build out the the ecosystem mechanics the channel strategy the direct sales and actually knock down those key accounts and continue to get the big whale accounts and proof of concepts and roll in and continue to scale up their support that's a risk fact but you know that's an execution risk there's no market risk at all the market is growing like crazy really the product and then the execution are you know classic risks but I think they're in good shape I don't really see them shaking at all I think all the signals are coming in we just did a remote with Alex Williams about the new management console the new enterprise edition that he just gave a review on we heard from Amar Awadala he's clearly on the open source thing they're on it Kirk Dunn is they got he's got 40 million dollars of fresh financing so I think Cloudera's got it I don't see any red flags yet I think your analysis is right on I think the market risk is low I think the competitive risk which I would put into market risk is low only because Cloudera knows the space better than anybody they know what they don't know in my opinion and I think it comes down to execution risk and look at Horton works right Horton works I got to give them a huge credit those guys came into the marketplace spun out of Yahoo that's like you know walking out of a frozen freeze if you worked at Yahoo it's like oh man it's like they walk on the real world he's like shit this is the world's this is the real world you know so they come in but they've done a good job competing but they're so far behind I mean management consoles alpha they got contribution so they're playing the open source game but they're just so far behind and so their job is to try to get as close to Cloudera as possible everything that they're doing on the messaging is like trying to copy Cloudera so clearly they want to be at least number two and I think if you said to Horton works you're guaranteed a number two position right now in three years if you I'll take that deal