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Some of Microsoft's acquisitions have been companies with just a few people and no revenue. It's the people who are often the driving force behind whether a deal does or doesn't get done, Wolfram said. Henry Wong, a venture capitalist and start-up CEO who helped sell AdECN to Microsoft earlier this year, said it took a while to get started with Microsoft with discussions largely dormant for about six months.

But Wong said that when things finally came together, they did so in a matter of just a few months. Wolfram generally agreed with that assessment. But he said, once the company is convinced it wants to make a move, "we can be very, very agile. One recent mobile deal, he said, came together in just three weeks, although he said that is the rare exception, with most deals taking nine months to a year from first contact.

The Tellme deal also came together quickly, Wolfram said. One thing that helped speed things along, he noted, was that Steve Ballmer was the executive sponsor of the deal. But even if Ballmer is not the one behind the deal, it's important to have a key business leader who sees the way your company can fit into Microsoft's strategy. As for what the hot areas for acquisition might be, certainly advertising and mobile have been big, but Wolfram also mentioned two other areas.

Herb Cunitz is a successful software executive who has grown and managed every aspect of go-to-market operations for a variety of emerging software companies, including sales, marketing, services, channels, and operations.

He is experienced in mergers and acquisitions for being both the acquirer and the acquiree. He serves on boards of directors where his skills can assist in their growth and currently advising companies on how to achieve hyper acceleration in their business.

Previously, he was Senior Director of Engineering at LinkedIn, where he oversaw the development of data infrastructure platforms, driving unprecedented growth in membership and business products. Before that, Bhaskar led the Serving and Marketplaces team of the Yahoo! Right Media Exchange, which built one of the first real-time display-ads bidding engines.

He holds a PhD in Computer Science from Yale University, and is passionate about open-source projects forming the core of Big Data democracy in industry and government. Bhaskar is a Data Elite advisor.

As Director of Data Platform at Stitch Fix, Jeff Magnusson leads the team responsible for building a robust and scalable algorithms platform that leverages machines and expert human resources to generate innovative recommendations and insights. Previously, Jeff managed the Data Platform Architecture group at Netflix, where he helped lead the design and implementation of the Big Data platform Netflix uses for batch computation in the AWS cloud.

He holds a PhD from the University of Florida. Jeff is a Data Elite advisor. Previously, he was CTO at Reputation. Daniel is a Data Elite advisor. Menlo invests in and partners with promising entrepreneurial ventures. The firm has been helping steer portfolio companies to successful exits for decades, with 70 IPOs and more than mergers and acquisitions since Data Elite provides early-stage funding, mentorship, and office space to big data startups.

Data Elite is located in San Francisco. The firm has been partnering with leading technology entrepreneurs from seed to pre-IPO since M12 formerly Microsoft Ventures is the corporate venture arm of Microsoft, the leading platform and productivity company for the mobile-first, cloud-first world.

M12 partners with visionary entrepreneurs looking to drive digital transformation. As part of its promise to portfolio companies, M12 offers unrivaled access to go-to-market resources and strategic global relationships. See When do I get the newest features for Microsoft ? Organize and track what matters to you, combine data types with Excel functionalities, and customize these templates to suit your needs.

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