David Cummings on Startups

Bessemer’s Updated Top 10 Laws of Cloud Computing

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David Cummings

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Bessemer Venture Partners publishes some of the best content available on Software-as-a-Service/cloud computing. Recently, they just updated their Bessemer’s Top 10 Laws of Cloud Computing to reflect several more years of insights into best practices for the popular business model.

Here are Bessemer’s Top 10 Laws of Cloud Computing:

  1. Drink Your Own Champagne (use your software for your own business)
  2. Build for the Doer, Build Employee Software (make it for the line-of-business manager and not for someone that doesn’t actually use it on a regular basis)
  3. Death of the suite; long live best-of-breed and even best-of-feature
  4. Grow or Die
  5. Play moneyball in the cloud, and check the scoreboard with the 5 Cs of Cloud Finance
  6. Build the Revenue Engine, and only invest aggresively if you have a short CAC Payback Period
  7. Make online sales and marketing a core competency
  8. The most important part of Software-as-a-Service isn’t “Software” it’s “Service”
  9. Culture is key as you build your dream team
  10. Cash is (still) king – Cloudonomics requires that you focus on cash flow above operating profits, and plan your fuel stops very carefully

Every tech entrepreneur, cloud or otherwise, should read Bessemer’s Top 10 Laws of Cloud Computing.

What else? What are your thoughts on Bessemer’s updated Top 10 Laws of Cloud Computing?

Comments

One response to “Bessemer’s Updated Top 10 Laws of Cloud Computing”

  1. Travis Avatar
    Travis

    Like this post – especially the top 300 cloud computing companies. It reminds me of the Conversation Prism “cloud computing” graphic – http://bit.ly/conprism . This has been long been mainstay in showing people how cloud computing is here and all the various tools they (clients) could use. I digress, it would be an interesting info graphic to see how these compared and with some numbers associated (as appropriate).

    Perhaps a tangent, but just talking yesterday to friend about how less and less the operating system is becoming (Apple vs Microsoft for most part), as SAAS firms/providers (weren’t they called ASPs a long time ago ;-)) became much more part of our usual computing life. And I’m not saying the actual computer isn’t important – but outsourcing our email several years ago, starting to use Basecamp in 2004, Salesforce, etc. just meant that the browser and bandwidth was all that much more important. (end rant/tangent)

    Anyway, my 2 cents.. Look forward to reading you daily posts.

    Take care.
    -Travis Granville
    travis.granville@atomic-fusion.com

    Reply

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