Bessemer Venture Partners

𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐥𝐨𝐮𝐝 𝟐𝟎𝟐𝟒 serves as both a eulogy for the legacy cloud and a celebration of the current AI Cloud moment. ☁️ In this report, we focus entirely on the 𝐭𝐨𝐩 𝐟𝐢𝐯𝐞 𝐭𝐫𝐞𝐧𝐝𝐬 deemed most relevant to the AI Cloud by our global team of investors and the implications for the thrilling years we predict are headed our way. 𝐖𝐡𝐲? AI is all we can think about. In 2023, our enthusiasm for AI was underscored by our committed $1 billion in funding. A year later, we have total conviction in the promise of AI — we’ve backed multiple new investments in AI startups and the broad adoption of LLM technology in nearly every portfolio company roadmap. It’s rare to find a cloud company these days that isn’t, at some level, an AI company. Dive into this year's report, where we share our deep dive analysis, top predictions, spicy takes, and behind-the-scenes conversations with our investors. ☁️ 📈 🎥 https://lnkd.in/gTS4-kKX

CISOs are in demand. Why? 🔓 A founder knows building real traction for their business means cybersecurity and data protection are table stakes—and if you implement protections from day one, your business may avoid the tough reality of becoming a headline. Unfortunately, getting hacked isn’t a question of “if” but “when.” Today's news cycle is rife with high-profile data breaches and geopolitical conflict, a near-daily reminder of the reputational and bottom-line risks businesses face when it comes to protecting digital products and customers’ personal information. Jason Chan, Operating Advisor at Bessemer and Netflix's former InfoSec leader, offers early-stage founders six "green flags" to look out for when hiring and building cybersecurity teams that truly make an impact. https://lnkd.in/gRfKWiER More reading in the comments!

It's 𝒃𝒆𝒆𝒏 𝒂 𝒘𝒆𝒆𝒌 for cybersecurity. One thing remains true: No matter the business, cybersecurity is at the top of every tech CEO's agenda. 🔓 Michael Droesch, Amit Karp, and Yael Schiff uncover the five most pertinent trends impacting innovation and investments in cybersecurity and offer advice from the best Chief Information Security Officers in SaaS. Trend 1: Consolidation of the cyber market continues Trend 2: Cybercriminals exploit AI tools for malicious attacks Trend 3: AI counterattacks fraud and deep fakes Trend 4: Growing importance of identity, and bringing the PAM, AuthN, and AuthZ solutions to the cloud Trend 5: CISOs go “back to basics” Dive into our 2024 trends report ⤵️ https://lnkd.in/g9RVvekd

Join us in welcoming our newest Partner Lauri J. Moore! A product manager by training, Lauri brings deep operator expertise to early-stage data and infrastructure investing. "Bessemer has not only built a best-in-class platform but has also fostered an impressive culture of excellence that has been sustained over decades," said Lauri. "I'm delighted to be part of the team and look forward to supporting the exceptional founders of our generation." https://lnkd.in/dBmTeePe

Pricing is a CEO's growth lever. 📈 It's time you find the best monetization strategy for your SaaS or AI startup. Unlock the full e-book when you sign up for Bessemer's Pricing Course 🔓 https://lnkd.in/gmzAPeMf

Last year's Cloud 100 list by the numbers: ☁️ 📊 $6.6B: average 2023 company valuation 📈 26x ARR: Average multiple 🚀 55%: Average YoY ARR growth 🌟 95: Centaurs ($100M ARR) by year-end '23 We're counting down to the next Cloud 100! What's in store for 2024? Be the first to get this year's report— Subscribe to Atlas today: https://bvp.com/subscribe

Really looking forward to participating as a judge in the upcoming Crew Capital Enterprise Tech Pitch & Showcase on Tuesday, July 23. This event is set to bring together over 100 of NYC's brightest tech minds in Enterprise tech and AI for an evening of networking, pitches, and product demos.   Hope to meet you there, Learn more about the event here: https://lnkd.in/eFbn9vAh

Scaling your engineering team from one to 50 and beyond involves big decisions that impact leadership, innovation, and revenue generation. We sat down with Jessica Popp, operating advisor at Bessemer and SVP of engineering, security, and IT at Rula, who gave us seasoned advice on the one-way doors founders, CEOs, and engineering leaders are likely to encounter on the journey to scale. https://lnkd.in/gfFSgz8b #engineering #leadership #scaling #startups

As LLMs' fast-evolving multimodal capabilities allow us to extend and enhance our text, visual, and auditory senses in previously impossible ways, we’re seeing the potential for disruption open up in every category of legacy consumer cloud.    One measure of AI’s consumptive power is how much these applications gobble up our time and attention. For example, ChatGPT is now neck-to-neck with leaders in the Attention Economy, such as Reddit, and other general-purpose AI assistants, including Claude and Gemini, are quickly gaining traction. ✨ 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧: ✨ With the startling rise of synthetic media, new consumer applications, and conversation AI agents, we predict that by 2030, the top three businesses dominating the Attention Economy will be based on AI-generated content or products. Read on to learn how AI brings Consumer Cloud back from the dead. https://lnkd.in/ez7P7fE3 H/T Kent Bennett, Maha Malik, Talia Goldberg

Special two-part The Heart of Healthcare Podcast episode! Steve Kraus talks healthcare storytelling with Moderna Chief Brand Officer Kate Cronin and digital health advisor Christina Farr They discuss: -What makes for a great story in digital health -The importance of including setbacks and challenges in company narratives -The undervaluing of marketing and communications roles -Strong digital health brands - Lessons learned from the COVID-19 pandemic -The importance of internal communications Listen today: https://spoti.fi/4f5Z6g0