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In the latest installment of SaaStr’s What’s New series – where we sit down with the leaders in SaaS and Cloud for the inside scoop on what’s top of mind and what’s new, SaaStr CEO and Jason Lemkin chats with the CMO of Google Cloud, Alison Wagonfeld. They also compete with Microsoft in a big way.
Many SaaS and Cloud leaders are down more than 50% from their all-time highs. But Covid did create a lot of artificial demand for Cloud products, especially the lockdown phase. Update on cloud software multiples, charted alongside the 10Y and 5 year pre-covid NTM rev multiple average. January 2016, SaaS stocks were riding high.
But like “Cloud” and “SaaS”, its definitely has evolved. Well, if it were 2016, we’d say no. First, Snowflake rolls its large customers into fixed comittments (as does AWS and many others), and bills them in advance. Doesn’t ARR stand for Annual Recurring Revenue? Well of course it does.
Around 2013 or so, the Cloud started to grow far faster than any of us had thought it would: Amazon Web Services revenue 2018 | Statista. There were dips in 2016 and otherwise. It turned our CIOs and bigger companies were ready to transfer as much as another 20% of their $1 trillion+ IT budgets to Cloud far faster than any of us knew.
Bessemer Venture Partners’ Alex Ferrara takes a look at trends and predictions for the cloud industry in 2019. One of the most popular sessions from SaaStr Annual, this presentation will provides an in-depth look at the cloud computing industry across Europe and globally. Want to see more content like this? A few more.
This means our software is hosted on the cloud and used over an internet connection via a web browser or mobile app. Our hosting costs include service providers like AWS, Cloudflare, MongoDb, Twitter, etc. Up until 2016, we had retreats twice a year. We aim to have one company-wide retreat every year.
In the beginning, this mission was exclusively focused on Google Apps (now G Suite), an early pioneer in cloud-based collaboration and productivity. These integrations are BetterCloud built, BetterCloud supported, and available today in the Integration Center. In total, we are now supporting over 450 actions across 41 integrations.
AWS was launched in 2006, and the term “DevOps” was first used in 2009. We only really hit the inflection point of SaaS adoption in 2016-2017, and now this movement is really picking up steam. The normal progression of people joining orgs comes with the addition of other cloud-based tools. All of this is SaaSOps.
Worryingly, Trustwave found as far back as 2016 that "fewer than one in four organisations consider themselves to be "very proactive" in the context of security testing." All popular cloud services that you probably use, think Dropbox, Slack, AWS, Gmail, etc, have such pages that spell out their security practices. Look them up.
Cloud destinations (coming soon) — we are in process of adding the ability to export your MRR movements data from ChartMogul onto the cloud. We will support exports to Amazon S3, Microsoft Azure Blob, and Google cloud storage. This year, we also migrated ChartMogul to AWScloud.
Found by Manoj Dawane in 2016, VTION is an Indian-origin media technology innovation company that aims at measuring media audiences by analyzing consumer trends and behaviors. Found by Abhijit Pattanaik in 2016, Playtonia is an e-sports platform technology company that helps online gamers connect and develop communities. CloudCherry.
I actually wrote about the phenomenon , which I called ‘The Slow Death of Freemium’, back in 2016. In their freemium plan, AWS offers a year’s worth of micro instance for free – a time-bound freemium model. Atlassian Launches Free Tiers for All Its Cloud Products, Extends Premium Pricing Plan. Learn how here.
One of my clients sold cloud-connected sprinklers that saved money and helped the environment. Only once they learnt city managers had a personal frustration related to testing sprinklers, they convinced city managers to prioritize cloud-sprinklers, reducing sales to nine months. Still, sales took two years. Julie Maresca.
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