Earlier this month, at Bessemer’s annual CEO conference on cloud computing, Bessemer Venture Partners assembled 100 of the top thought leaders , and the response was extremely positive to this approach. After many follow-up requests for a digital copy of the visual, they have decided to “open source” this chart and make it available to the cloud community, as we have done with many of our other white papers and research materials throughout the years.
There are now multiple successful SaaS, PaaS, and IaaS vendors in virtually every major sub segment of software, and most are growing very rapidly. In aggregate, among the private Bessemer portfolio companies on this chart, the average growth rate exceeds 100% annually. The public data is equally compelling; among Bessemer’s recent cloud IPOs, including LinkedIn, Cornerstone OnDemand, and Broadsoft, their Q3 GAAP revenue grew year over year 126%, 63%, and 60% respectively. Although they are not nearly as sexy as B2C internet stories like Facebook and Yelp, the B2B world is now eagerly awaiting the IPOs of the next wave of cloud companies like Bazaar Voice, Eloqua, and Workday