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:
- Drink Your Own Champagne (use your software for your own business)
- 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)
- Death of the suite; long live best-of-breed and even best-of-feature
- Grow or Die
- Play moneyball in the cloud, and check the scoreboard with the 5 Cs of Cloud Finance
- Build the Revenue Engine, and only invest aggresively if you have a short CAC Payback Period
- Make online sales and marketing a core competency
- The most important part of Software-as-a-Service isn’t “Software” it’s “Service”
- Culture is key as you build your dream team
- 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?