Broadcasts.com - "State of the OpenCloud 2022" (The Cloudcast)

Published: Dec. 11, 2022, 6 a.m.

Looking at the Battery Ventures \\u201cState of OpenCloud 2022\\u201d for trends that will impact 2023.

SHOW: 676

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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
\\u201cGood growth\\u201d will be encouraged and rewarded
Software \\u201cmultiples\\u201d are back to 2018-19 levels. The 2020s were crazy value\\xa0 inflation.\\xa0

HOW CAN THAT INFLUENCE WHAT 2023 MIGHT LOOK LIKE?

Lots of companies are re-evaluating their spending levels and cost levels
Lots of highly \\u201cvalued\\u201d private companies may become acquisition targets in 2023
Most of the job-cuts, thus far, haven\\u2019t been that large, as a percentage.\\xa0
For software businesses, cloud-services are growing 3-5x their software business. Expect to see more companies moving to those offerings.\\xa0
Cloud providers continue to show strong growth, even at a larger scale. Expect this to continue, although they are all shifting their focuses.\\xa0
Software can be a driving force to enable productivity, so expect to see companies continue to focus on software-driven projects.\\xa0
Lots of good insights into how the selling and buying model are evolving. Interesting if you\\u2019re evaluating companies beyond just what they offer.\\xa0

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