SaaS Talk™ with the Metrics Brothers - Strategies, Insights, & Metrics for B2B SaaS Executive Leaders

Bessemer Venture Partners - State of the Cloud 2024

Jul 16, 2024

Dave Kellogg and Ray Rike discuss Bessemer Venture Partners' 'State of the Cloud 2024' report, declaring 'The Legacy Cloud is Dead - Long Live AI Cloud!' They delve into Gen AI trends including AI foundation models, AI developers, AI agents transforming software relationships, vertical AI applications, and AI reviving consumer cloud. The episode provides insights for SaaS companies navigating the risks and opportunities of Gen AI.

25:47

Episode guests

Ray Rike

Dave Kellogg

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

AI is reshaping software development and relationships with AI agents.

Vertical AI holds potential to revolutionize SaaS markets and enhance professional services.

Deep dives

The State of the Cloud 2024 Report Highlights Industry Trends

The podcast delves into the State of the Cloud 2024 report by Bessemer, discussing the industry's current state. Insights reveal contrasting opinions on the industry's health, with discussions on growth rates, dollar retention, and the impact of AI on software evolution.

Intro

2min

Analyzing the State of the Cloud Industry in 2024 and Response to 'The End of Software' Article

3min

The Evolution of Software and AI Cloud Era

4min

Exploring Bessemer Venture Partners' Special Focus on AI and Shift Away from Metrics in Recent Report

2min

Discussion on Bessemer Venture Partners' Metrics and Trends in AI and SaaS

3min

AI Funding Trends in 2023 and Impact on Software Development Landscape

14min

Bessemer Venture Partners recently released their "State of the Cloud 24" which included the catch phrase "The Legacy Cloud is Dead - Long Live AI Cloud!" Dave "CAC" Kellogg and Ray "Growth" Rike discuss the report and the opportunities and threats to traditional SaaS companies.

Topics discussed include:

Social Media Buzz and Sources of "SaaS is Dead"
Gen AI VC Funding Categories and Sources
Top Five Gen AI Trends

Trend 1: AI foundation models set the stage for Big Tech’s new battle-of-the-century

Trend 2: AI turning all of us into 10X developers

Trend 3: Multimodal models and AI agents will transform human relationships with software

Trend 4: Vertical AI shows potential to dwarf legacy SaaS with new applications and business models

Trend 5: AI Brings Consumer Cloud Back from the Dead

If you are in a SaaS company evaluating how best to maneuver the risks and/or capture the potential of Gen AI, the Bessemer State of the Cloud report is a great read and this episode with CAC and Growth is a great listen!

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SaaS Talk™ with the Metrics Brothers - Strategies, Insights, & Metrics for B2B SaaS Executive Leaders

Bessemer Venture Partners - State of the Cloud 2024

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The State of the Cloud 2024 Report Highlights Industry Trends

Evolution of Software and the Rise of Generative AI

Vertical AI's Potential to Reshape Vertical SaaS and Professional Services

Remember Everything You Learn from Podcasts