On Tuesday April 10, 2012 in Palo Alto at Pillsbury Winthrop, SVForum presented the SVForum Quarterly Venture Breakfast with Pillsbury Winthrop and PricewaterhouseCoopers. The topic was of course “The Cloud.” Stanley Pierson of Pillsbury Winthrop moderated panelists Osman Ahmed of Scale Venture Partners, Steven Bengston of PwC, Aaron Jacobson of NEA and Peter Lee of Bessemer Venture Partners.
After Bengston gave his quarterly report on the growing concentration of venture capital in Silicon Valley, the panel discussed the cloud going mainstream. SAP bought Success Factors, IBM bought DemandTec and Oracle bought Taleo. Amazon continues to expand its cloud services to startups that want to scale quickly. As an example, Facebook paid a billion dollars for Instagram, a photo app company of twelve people that reached 30 million users in about a year. While not all deals will be as lucrative as Instagram, opportunities in the cloud exist in the enterprise, consumer, mobile, security and health sectors.
Copyright 2012 DJ Cline All rights reserved.