1、Copyright Bessemer Venture Partners 2020 State of the Cloud 2020 CO-AUTHORS Byron Deeter Elliott Robinson Hansae Catlett Mary DOnofrio 2 | State of the Cloud 2020 Cloud macro trends, growth strategies for founders, 2020 predictions, and why we believe the future is forged in the cloud. In 1998 when
2、Netsuite was founded, and then in 1999 when Salesforce first launched, many experts in tech believed the cloud was just a fad. Even leaders like Larry Ellison and Steve Ballmer were early skeptics. How could a business with significant development and sales costs upfront, and payment terms on the ba
3、ckend, ever work? Since the early 2000s, the industry has seen exponential growth, both in private and public spheres. Many companies have cloud strategies in place, but they are amidst their digital transformations. We believe the future of technology is forged in the cloud, and after two decades o
4、f growth its just the beginning. In a time when founders and investors are faced with unprecedented market volatility, it is especially timely to step back and look at the long arc of technology, and the cloud computing revolution in particular. In Bessemers State of the Cloud 2020 Report, we share
5、twenty years of data on the private and public cloud market trends, dive into the time tested tenets that early-stage cloud founders need to prioritize for growth, and of course, our predictions which explain the emerging categories were eyeing to spot promising new companies. 3 | State of the Cloud
6、 2020 The cloud industry from 2000-2020 In 2000, top private cloud companies included, Salesforce, Netsuite, Trigo Technologies, EchoSign, and Paypal, but there were zero private companies that were valued $1 billion. It wasnt until 2010 did the industry see a privately held company, LinkedIn, reach