Looking at the Battery Ventures “State of OpenCloud 2022” for trends that will impact 2023.
SHOW: 676
CLOUD NEWS OF THE WEEK - http://bit.ly/cloudcast-cnotw
CHECK OUT OUR NEW PODCAST - "CLOUDCAST BASICS"
SHOW SPONSORS:
- Datadog Kubernetes Solution: Maximum Visibility into Container Environments
- Start monitoring the health and performance of your container environment with a free 14 day Datadog trial. Listeners of The Cloudcast will also receive a free Datadog T-shirt.
- Eaton Homepage
- Eaton and Tripp Lite have joined forces to bring more sanity to IT pros days, every day. Visit www.eaton.com/audio to learn more!
- CloudZero - Cloud Cost Intelligence for Engineering Teams
SHOW NOTES:
HOW DO THE VCs LOOK AT THE STATE OF THE OPEN CLOUD MARKET?
- VCs are still very bullish on cloud-native and open-source cloud companies
- “Good growth” will be encouraged and rewarded
- Software “multiples” are back to 2018-19 levels. The 2020s were crazy value inflation.
HOW CAN THAT INFLUENCE WHAT 2023 MIGHT LOOK LIKE?
- Lots of companies are re-evaluating their spending levels and cost levels
- Lots of highly “valued” private companies may become acquisition targets in 2023
- Most of the job-cuts, thus far, haven’t been that large, as a percentage.
- For software businesses, cloud-services are growing 3-5x their software business. Expect to see more companies moving to those offerings.
- Cloud providers continue to show strong growth, even at a larger scale. Expect this to continue, although they are all shifting their focuses.
- Software can be a driving force to enable productivity, so expect to see companies continue to focus on software-driven projects.
- Lots of good insights into how the selling and buying model are evolving. Interesting if you’re evaluating companies beyond just what they offer.
FEEDBACK?
- Email: show at the cloudcast dot net
- Twitter: @thecloudcastnet