Battery Ventures: State of the OpenCloud

Really great report, recommend reading through it.

Here are 8 slides that caught my eye 👀⬇️…

On average, , , , have penetrated about 12% of their customer base. Image

Good overview of the data landscape. Lots of companies in this space. Image

Last year's best practices, the next slide includes 2020's playbook Image

One thing that stands out is more focus on usage-based products. and seem to have led the way here. Image

The speed of getting to $1 billion ARR seems to be getting faster and faster. Image

Good companies to keep an eye on for eventual IPOs. Image

Growth hasn't slowed down as much as projected. Image

Very interesting graphic. Not quite to one trillion. Image

The @BatteryVentures team did a great job putting this report together.

Some themes:

- leveraging open-source for low-cost marketing
- self-service
- usage-based
- cloud-first
- bottoms-up
- distributed workforce

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More from @investing_city

14 Oct

2 quotes from FSLY's Q2 earnings call:

"We are pleased with the number of new enterprise customers as well as customers who grew into the enterprise category. However, this strong growth was offset by some customers falling out of the category in COVID-impacted industries"
"Any ban of the TikTok app by the U.S. would create uncertainty around our ability to support this customer. While we believe we are in a position to backfill the MAJORITY of this traffic...the loss of this customer's traffic would have an impact on our business."
These two quotes relate to the reasons for cutting guidance: Image
Read 12 tweets
14 Oct
Zoom's user conference, Zoomtopia, is incredibly impressive.

Below is a picture of the home screen once you log-in.

Each section (keynote, speakers, video library, etc.) is a different "geography"... Image
For instance, the "Rooms" geography is modeled after this place in the Arctic.

You can see the digital replication in the background of this picture. Image
And the experience is gamified.

For visiting different geographies and watching sessions you get "stamps" on your "passport" that you can then trade in for real prizes. Image
Read 5 tweets
5 Oct
Do you know how the Federal Reserve was founded?

What if I told you the story involves heavy doses of JP Morgan, an exclusive island, and a secret club?

Check out the whole story 👇🏽


Let's go all the way back to the infancy of America.

After the Revolution, Alexander Hamilton wanted to create a strong central bank but Jefferson and Madison thought it was unconstitutional.

Against the opposition, Hamilton established the First Bank of the US in 1791.

The First Bank's charter was only 20 years, after which it could be renewed.

Who was in office in 1811?

James Madison, who, of course, decided not to renew.

Until it affected him.

Madison realized how difficult it was to fight the War of 1812 without a central bank.
Read 21 tweets
5 Oct
Great interview with Daniel Ek

Some quotes I found interesting⬇️
Meetings as a competitive advantage Image
Insatiable curiosity. One of the most important qualities IMO Image
Read 6 tweets
1 Oct
Guess how much Amazon, Alphabet, Apple, and Microsoft have spent on CapEx and R&D over the past decade?

💰 $818 billion 💰

Add Facebook in there and it's $915 billion

Some clarifications:

1. All numbers are in billions
2. Source = annual reports
3. Years are 2010-2019

Let's dive right in...

CapEx (inc. capitalized lease payments): $89.8
R&D (tech+content): $141.1

Total: $230.9 Image
Read 15 tweets
30 Sep
First edition of "CEO Storms" (like tweetstorms)

Let's talk about John Foley, from Peloton.


(h/t @HarleyMCarroll)
1/ Son of a Delta airline pilot, Foley grew up in Key Largo, FL.

In high school, Foley scored 220 points higher on the math section of the SAT so he decided to go into engineering.

He enrolled in a co-op program at Georgia Tech, working 6 months of the year while in school.
2/ Where did he work?

Mars, the candy company. He oversaw the production of Skittles, Starburst, Snickers and Twix in Waco, Texas.

After graduating, he requested a move to LA, where he oversaw a few dog food brands for Mars.
Read 20 tweets

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