Looking at the Battery Ventures “State of OpenCloud 2022” for trends that will impact 2023.

SHOW: 676

CLOUD NEWS OF THE WEEK - http://bit.ly/cloudcast-cnotw

CHECK OUT OUR NEW PODCAST - "CLOUDCAST BASICS"

SHOW SPONSORS:

• Datadog Kubernetes Solution: Maximum Visibility into Container Environments
• Start monitoring the health and performance of your container environment with a free 14 day Datadog trial. Listeners of The Cloudcast will also receive a free Datadog T-shirt.
• Eaton Homepage
• Eaton and Tripp Lite have joined forces to bring more sanity to IT pros days, every day. Visit www.eaton.com/audio to learn more!
• CloudZero - Cloud Cost Intelligence for Engineering Teams

SHOW NOTES:

• Battery Ventures “State of OpenCloud 2022”

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
• “Good growth” will be encouraged and rewarded
• Software “multiples” are back to 2018-19 levels. The 2020s were crazy value  inflation. 

HOW CAN THAT INFLUENCE WHAT 2023 MIGHT LOOK LIKE?

• Lots of companies are re-evaluating their spending levels and cost levels
• Lots of highly “valued” private companies may become acquisition targets in 2023
• Most of the job-cuts, thus far, haven’t been that large, as a percentage. 
• For software businesses, cloud-services are growing 3-5x their software business. Expect to see more companies moving to those offerings. 
• Cloud providers continue to show strong growth, even at a larger scale. Expect this to continue, although they are all shifting their focuses. 
• Software can be a driving force to enable productivity, so expect to see companies continue to focus on software-driven projects. 
• Lots of good insights into how the selling and buying model are evolving. Interesting if you’re evaluating companies beyond just what they offer. 

FEEDBACK?

• Email: show at the cloudcast dot net
• Twitter: @thecloudcastnet