Introduction

VCs used to love the public cloud because it disrupted old guard vendors. Now the cloud is keeping more of the profits and the VCs are starting to fight back. 

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• Leading VCs to commit $1.25B to startups building on Cloudflare Workers

VCs USED TO LOVE THE CLOUD

In the old days, the first $50M of VC funding went to Cisco, EMC, Sun and Oracle. And then the public cloud came along, and that shifted to the first $5M going to AWS. 

NOW VCs ARE ACTIVELY FIGHTING AGAINST THE MONSTER THEY HELPED CREATE

• VCs are learning that bandwidth costs never come down
• VCs would like to get more of the profits, which are going to AWS
• Now VCs are putting their money behind other clouds
• Is this a trend that will continue? 

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