Evolution of the Cloud Trend and Embrace of Cloud Services by the Technological Community

Exploring the shift towards cloud technology in the past 15 years, from companies building their own infrastructure to the majority of the tech community now embracing the cloud, even larger companies are transitioning away from homebrew data centers.

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In this episode of Turpentine VC, Erik sits down with Mike Volpi, partner at Index Ventures. They discuss the evolution of venture capital–the transformative changes in the VC landscape since 2008, the rise of seed capital, multi-stage asset aggregators, and the professionalization of venture firms. Mike also shares Index Ventures' unique approach to building relationships with founders and fostering a strong company culture. The conversation also dives into challenges of building an open source business model in AI and the potential for smaller models and alternative architectures.

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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.

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LINKS:

Index Ventures $2.3b funds: https://www.indexventures.com/perspectives/relationships-that-reshape-industries-index-launches-23bn-in-new-funds/

Chris Paik’s The End of Software: https://x.com/cpaik/status/1796633683908005988

TIMESTAMPS:

(00:00) Introduction to Turpentine VC and Today's Guest

(00:42) The Evolution of Venture Capital

(04:52) Index Ventures’ Growth and Strategy

(10:31) Mike Volpe's Journey in VC

(13:45) SPONSORS: Oracle | CommandBar

(19:47) The Rise of Open Source Business Models

(24:20) The Emergence and Impact of Cloud Computing

(28:24) SPONSORS: Warp | Squad