Byron Deeter: The March toward Cloud and Its Unavoidable Impact on Your Business

For the vast majority, the Cloud is the way of the future. According to Byron Deeter, Partner at Bessemer Venture Partners, that march is well underway and inevitable. In this episode, we dive into the BVP State of the Cloud report to reflect on the criticality of SaaS to your business – from macroeconomic factors and shifting monetization approaches affecting adoption and SaaS spend, to Cloud marketplace procurement and the future of tooling. Plus, a peek at what Byron predicts for 2023.Key Takeaways:[00:00 - 02:46] Meet Byron Deeter[03:15 - 04:12] Byron's State of the Cloud Report, insights and trends[04:13 - 05:55] SaaS companies evolving in phases alongside sibling technologies like connectivity and AI[05:57 - 08:18] How macroeconomic conditions like COVID affect opportunities for cloud software and SaaS companies today[08:19 - 09:48] Understanding software cost savings and productivity levers in figuring SaaS into the budget[09:52 - 12:08] Cloud is the new middleware layer, removing friction for enablement[12:15 - 14:47] Cost optimization and product security[14:48 - 17:37] 80% of companies will be actively selling in marketplaces in the next two years[17:38 - 19:49] The Year of the Centaur, a shift from unicorn status to something more stable[19:50 - 21:47] A thriving cloud economy ahead, with more realistic valuations[21:51 - 24:34] How some of the predictions in The State of the Cloud Report hold up six months later[24:37 - 25:55] Trading growth for profitability and the impact on innovation[26:01 - 29:11] Rapid fire