Deeter: Cloud leaders are superseding FAANG as tech growth drivers
Byron Deeter · State of the Cloud 2021 with Bessemer Venture Partners | SaaStr Software Community · Oct 14, 2021 · at 5:09
Byron Deeter of Bessemer Venture Partners presents the firm's macro thesis at SaaStr Annual 2021 regarding changing tech leadership.
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“Our thesis internally is that those horizons and the growth rates of those markets are starting to pull back, and that you see a changing of the guard. And it's really the cloud basket, and we pulled out six names in particular with Microsoft, Twilio, Shopify, Adobe Amazon, and Shop, and Salesforce as the six new guard flag carriers”
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