Bessemer Venture Partners - State of the Cloud 2024

Bessemer Venture Partners recently released their "State of the Cloud 24" which included the catch phrase "The Legacy Cloud is Dead - Long Live AI Cloud!" Dave "CAC" Kellogg and Ray "Growth" Rike discuss the report and the opportunities and threats to traditional SaaS companies.

Topics discussed include:

• Social Media Buzz and Sources of "SaaS is Dead"

• Gen AI VC Funding Categories and Sources

• Top Five Gen AI Trends

Trend 1: AI foundation models set the stage for Big Tech’s new battle-of-the-century

Trend 2: AI turning all of us into 10X developers

Trend 3: Multimodal models and AI agents will transform human relationships with software

Trend 4: Vertical AI shows potential to dwarf legacy SaaS with new applications and business models

Trend 5: AI Brings Consumer Cloud Back from the Dead

If you are in a SaaS company evaluating how best to maneuver the risks and/or capture the potential of Gen AI, the Bessemer State of the Cloud report is a great read and this episode with CAC and Growth is a great listen!