There are many ways to slice-and-dice public market data, but the headline one Bessemer called out is the most visceral I’ve seen:
Public SaaS and Cloud companies lost $1 Trillion in market cap so far in 2022.
At the same time, the leaders in Cloud (AWS, Azure, Google Cloud) are growing a stunning 40%. Growing at a pace and scale like we’ve never seen before:
That’s got to be the most visceral juxtaposition in my time in SaaS. Cloud leader lose $1 Trillion in value in the Best of Times for SaaS and Cloud.
Strange Days, Indeed.
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via https://www.aiupnow.com
Jason Lemkin, Khareem Sudlow
