Byron Deeter

State of the Cloud Report

Cloud Report

As the definitive guide to the biggest trends in the cloud industry, this year’s “State of the Cloud Report” includes:

State of the Cloud 2017 from Bessemer Venture Partners

1. A Look Back at 2016 

  • 2016 was a marquee year for a number of reasons. First, we all remember the rocky start in February where the Cloud Market dropped 35%
  •  Subsequently, rebounded back to normal levels and ended the year up +15%
  • The dip in the market had two main outcomes: First, it led to unprecedented amounts of M&A (4x more than any other year and 40% of the total cloud market cap of $300B) – and second, it led to the fewest number of cloud tech IPOs since the financial crisis.
  • A combination of these factors has led to the highest quality backlog of private cloud companies in history. The top 100 private Cloud companies alone represent over $100B of private enterprise value.

2. We provide a deeper look into the three top questions every private cloud CEO should be discussing with his/her executive team.

  • How fast should I be growing?
  • How much should I burn?
  • How do I scale?

 3. Bessemer’s 7 Predictions for 2017

  • The year of human assisted AI
  • APIs will serve as the backbone for a majority of software infrastructure
  • Architect for infinite scale without infinite spend
  • Mobile unlocks non-desk worker productivity
  • NPS everything
  • Diverse teams win
  • The screenless software movement

Here’s a look at the 2016 State of Cloud for your reference.

By Byron Deeter, Partner, Bessemer Venture Partners

Permission to republish granted by Bessemer Venture Partners. Original posting located at LinkedIn Pulse

Byron Deeter

Byron Deeter, a partner in Bessemer’s Menlo Park, Calif. office, joined the firm in 2005. At Bessemer, he focuses on venture capital investments in the cloud-computing and Internet sectors.

Prior to joining Bessemer, Byron was a successful entrepreneur, investor and consultant. He most recently worked as an executive at IBM after the company’s acquisition of Trigo Technologies. At Trigo, Byron served as founding CEO, then became Vice President of Business Development as the company grew to profitability, 150 employees, and a global footprint.

Byron holds a B.A. degree with honors from U.C. Berkeley in political economy. He was named a California Emerging Leader Scholar and an Alumni Scholar, and was a varsity member of Cal's national championship rugby team. Byron is co-author of "Bessemer's 10 Laws of Cloud Computing and SaaS", the BVP cloud index, BVP's cloudscape and BVP's next cloud unicorns. Byron was named to the Forbes Midas List in 2012, 2013 and 2014 and was also named one of the "power players" of venture capital by AlwaysOn in 2013 and 2014 to the Silicon Valley/San Jose Business Journal's 40 under 40.

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