State of the Cloud 2017
Find out how fast your company should be growing with Bessemer's Good, Better, Best framework
State of the Cloud 2017 from Bessemer Venture Partners
In 2016, cloud markets started off rocky but had a healthy rebound by year-end. It was a year with the fewest tech IPOs since the financial crisis, and still, Bessemer saw powerhouses like Twilio go public and Microsoft acquire LinkedIn. In Bessemer’s 2017 State of the Cloud, leading SaaS and cloud investors Byron Deeter and Kristina Shen highlight market trends, growth benchmarks for SaaS founders, and the top predictions for 2017.
In this report, you’ll also learn:
- Top cloud market trends
- The Good, Better, Best framework for ARR growth
- Predictions for 2017
Contributors
Byron Deeter
Partner
Byron Deeter is a leading investor in AI, Cloud, Frontier Technology, and the Business of Sports. He co-authored Bessemer’s iconic 10 Laws of Cloud Computing, the Bessemer Forbes Cloud 100, the BVP Nasdaq Emerging Cloud Index, and Bessemer’s STRIVE program for executive health and wellness. Byron works closely alongside many of the best founders in the cloud world, with 26 of Byron’s investments currently valued above $1 billion each, including 13 IPOs and counting.
Byron first raised a Series A with Bessemer back in 2000, as CEO and founder of Trigo Technologies. His company grew to be one of the first global SaaS companies, reaching profitability and was successfully sold to IBM. Byron foresaw that cloud computing would not only change the way people built new technologies but also how The Cloud would systematically run the world. In 2005, Byron returned to Bessemer, this time to help lead the firm’s global cloud practice.
Byron graduated with honors from The University of California, Berkeley, where he met his then college sweetheart and now wife. Byron is a perennial Midas List investor, past Chairman of the National Venture Capital Association, partner/owner of the San Francisco 49ers and Leeds United, as well as an active board member/advisor to numerous causes including the U.S. Olympic & Paralympic Foundation, U.C. Berkeley Foundation, Pledge 1% and Cal Rugby. Although he’s a four-time Rugby Collegiate National Champion and serial Ironman finisher, he’s largely converted to leisure sports of golf, wake surfing, and skiing with his wife and three children.
Disclaimer: The information presented here is for general informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any securities or investment products. Certain companies discussed may be current or former portfolio companies of Bessemer Venture Partners. Past performance is not indicative of future results. All investments involve risk, including possible loss of principal.
