Jason M. Lemkin introduces Bessemer's annual State of the Cloud report. Last year had seven cloud IPOs; Bessemer backed four of them and maintains 20-30 active roadmaps. The report serves as a playbook for founders on storytelling, product alignment, and how to win.
Seven
Four
20 to 30
Last year, there were seven cloud IPOs in total. Bessemer was an investor in four of them.
Our secret sauce is our roadmapping process. The firm will have 20 to 30 active roadmaps.
Part of our predictions that used to be internal roadmaps we now expose to the world. We're thrilled to be unveiling our annual State of the Cloud report. We're going to try to talk about where we've been, where we're at, and then where we think we're headed. You essentially now have a playbook to how to go out and build your great cloud business. You now have a peer group and a support group, not just through online communities like Saster, but through a peer CEO set that is absolutely world class. You're not alone. You don't need to figure this all out for the first time, as people did 20 years ago.
The two things that I love the most outside of just the general value Prop 1, it's the story and the product is personal to the founder.
Just understanding where you differentiate and how you're going to win. Being able to clearly articulate that is really key.
We can't wait to see what you're going to build. Keep kicking ass. Thank you.
