Clouded Judgement

JANUARY 12, 2024

Every week I’ll provide updates on the latest trends in cloud software companies. There are certainly some deals that happened in 2023 that haven’t announced yet (there’s always a lag), so I’d expect the 2023 bar to be slightly higher once everything has announced. Follow along to stay up to date!

Cloud 284

Cloud Venture Capital Acquisition Metrics 284

Clouded Judgement

MAY 10, 2024

Every week I’ll provide updates on the latest trends in cloud software companies. After a strong finish in Q4, we saw a return to weaker demand conditions in the first quarter, similar to what we experienced in 2023. This is for information purposes and should not be construed as an investment recommendation.

Cloud 161

Cloud Software GCP(Google Cloud Platform) Azure 161

SaaStr

JULY 27, 2023

to the firms that send over a dozen of their Partners and Associates — everyone who invests in SaaS has a presence at SaaStr Annual. So know your numbers, get your lucky pen ready, and come join the ranks of Founders & CEOs who will be signing term sheets during or shortly after the Annual in Q3 2023!

Venture Capital 208

Venture Capital Banking Cloud Investment 208

SaaStr

MAY 16, 2022

But at end of the day, in Cloud, the question is if CIO and related spend will slow down. So follow AWS, Azure and Google Cloud. So there’s much angst and even panic with so many SaaS and Cloud public stocks down 50% or more from their peaks. They are the Cloud. If they stumble, we’re in for a rough patch.

Cloud 256

Cloud Azure AWS Engineering 256

SaaStr

AUGUST 31, 2023

We have 250+ Braindates already for SaaStrAnnual.com 2023 next week!! Amazing smaller, deep dive sessions with top leaders in SaaS and Cloud. The Most Popular 2023 Annual Braindates So Far: #1. See you at Annual 2023!! The post 250+ Braindates Already for SaaStr Annual 2023!! That now you can have IRL!

Venture Capital 227

Venture Capital Acquisition AI Innovation 227

SaaStr

MAY 19, 2023

So 2023 is a unique time in venture fundraising. It’s a time when SaaS and Cloud spend are also at record highs , and many Cloud leaders are still growing at strong rates … yet many startups have stopped growing at all. Let me just share 10 Simple Suggestions on How to Make Fundraising a Smidge More Successful in 2023: #1.

New CTO 258

New CTO CTO Banking Cloud 258

SaaStr

OCTOBER 20, 2022

One thing that is clear is that public SaaS and Cloud stock prices are way down. In my own portfolio , more of my investments had a record month in October than a rough month. And they say 2023 will be a banner year for enterprise software spend at least — growing a stunning 11% to $880 Billion. But is spending?

Forecasting 250

Forecasting Artificial Intelligence Software Business 250

Clouded Judgement

JANUARY 5, 2024

Every week I’ll provide updates on the latest trends in cloud software companies. In the basket I track and discuss in Clouded Judgement (~80 companies), no one is up on the year. This is for information purposes and should not be construed as an investment recommendation. Follow along to stay up to date!

Cloud 152

Cloud Trends Subscription Payment Features 152

SaaStr

FEBRUARY 16, 2023

In June 2023, we’re heading back to London for SaaStr Europa and we wanted to give a special shout-out to some of the companies that will be there with us! Notion Capital is a Venture Capital investing firm focused on European SaaS and Cloud, with more than 100 investments to date. Grab tickets here.

Cybersecurity 243

Cybersecurity Venture Capital compliance Government 243

Clouded Judgement

JANUARY 26, 2024

Every week I’ll provide updates on the latest trends in cloud software companies. There have been many companies who’ve seen their quarterly net new ARR decrease each quarter through 2023. And when you drill deeper into the Gartner forecast between 2023 and 2027, $3 trillion will be spent on AI.

Cloud 161

Cloud Marketplace as a Service AI Subscription 161

SaaStr

OCTOBER 12, 2023

Harry Stebbings of 20VC was kind enough to have us back on the latest VC Roundtable with 2 of the very, very best in growth / late-stage investing — the leaders of Insight Partners and Technology Crossover Ventures. They’ve led later stage investments in the best in SaaS and Cloud. And Where is Growth Investing?

Investment 240

Investment AI Cloud Scale 240

Clouded Judgement

OCTOBER 27, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. After the cloud giants reported this week, the timing of the presumed re-acceleration is very much in question. At the same time - Google Cloud also massively decelerated from 28% last quarter to 22% this quarter. which feels unlikely.

Cost optimization & reporting 152

Cost optimization & reporting Cloud Azure AWS 152

SaaStr

JUNE 1, 2023

In June 2023, we’re heading back to London for SaaStr Europa and we wanted to give a special shout-out to some of the companies that will be there with us! Carta is a platform that helps people manage equity, build businesses, and invest in the companies of tomorrow. At SaaStr, our partners are an integral part of our events.

Scale 209

Scale Payments Payment Solutions Artificial Intelligence 209

SaaStr

MAY 26, 2023

Returning for its 4rd year, a record number of VCs will attend SaaStr Europa who are actively looking for new investments and on the hunt for soon-to-be Unicorns to add to their portfolios. From the Founding Partners, Managing Directors, and big-name global SaaS VCs — everyone who invests in SaaS has a presence at SaaStr Europa.

Investment 203

Investment Innovation Cloud Technology 203

SaaStr

FEBRUARY 7, 2023

days of tactical content, networking, and epic evening events when the Cloud comes to Singapore. The post Braindates Are Open for SaaStr APAC 2023! 1,000 SaaS CEOs, Founders, Revenue Leaders, and VCs will join us for 1.5 If you haven’t already, sign up here for tickets before we sell out. Happy Brain-dating! See you at SaaStr APAC.

VP of Engineering 249

VP of Engineering Technical Cofounder Outsourcing Services CTO Coach 249

Clouded Judgement

OCTOBER 13, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. growth in 2023. This is for information purposes and should not be construed as an investment recommendation. Altimeter is an investment adviser registered with the U.S. Subscribe now Share Clouded Judgement Leave a comment

Cloud 169

Cloud Artificial Intelligence Subscription Payment Features 169

Clouded Judgement

MARCH 24, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. The end result was the expected result prior to the banking crisis - a 25bps hike 2023 Full Year Guides We’re nearly through Q4 ‘22 earnings season. The chart below shows 2023 guides vs 2023 consensus estimates to star the year.

Cloud 130

Cloud Banking Subscription Payment Features 130

SaaStr

FEBRUARY 2, 2023

In February 2023, we’re heading to Singapore for our first APAC event and we wanted to give a special shout-out to some of the companies that will be there with us! We’ll see 1,000+ of the best SaaS founders, execs, and VCs February 22-23 at SaaStr APAC 2023 ! At SaaStr, our partners are an integral part of our events.

Cloud spend optimization 217

Cloud spend optimization AWS Scale compliance 217

Clouded Judgement

JANUARY 27, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. Azure (Microsoft) Quarter The week the first of the cloud giants reported - Azure. Early Look at 2023 Guides Given the Azure weakness reported on Tuesday, all software tumbled Wednesday morning with most names down 5-10%.

Cloud 141

Cloud Azure Pricing Subscription 141

Clouded Judgement

JANUARY 13, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. That was more broadly a period of ZIRP, and it’s interesting that today the 10Y isn’t hugely different from where it was in the period of 2010 - 2020 Morgan Stanley CIO Survey Everyone is eagerly awaiting 2023 forecasts to be “de-risked.”

Cloud 130

Cloud Forecasting Subscription Payment Features 130

Clouded Judgement

MAY 12, 2023

Earnings Update So far about half of the cloud software universe has reported Q1 earnings (43 companies in the universe I track). On a related note - when we look at companies who gave full year 2023 guidance this quarter vs last quarter, on average those companies are not changing their guidance at all (median change in guide is 0%).

Cloud 130

Cloud Government Entrepreneurship Subscription 130

Clouded Judgement

FEBRUARY 24, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. This week Walmart and Home Depot reported earnings (I know, not the usual cloud software suspects!). As I noted above, so far companies are telling us 2023 estimates are ok. Subscribe now Share Clouded Judgement Leave a comment

Cloud 130

Cloud Subscription Payment Features Revenue 130

Clouded Judgement

OCTOBER 6, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. The below charts show the distribution of projections for GDP growth in 2023, 2024, 2025. This is for information purposes and should not be construed as an investment recommendation. Subscribe now Share Clouded Judgement Leave a comment

Cloud 152

Cloud Banking Subscription Payment Features 152

SaaStr

SEPTEMBER 27, 2023

Given the massive downturn that started 18 months ago, many SaaS founders are nervous about what it takes to raise capital in SaaS in 2023 / 2024. Christoph Janz, General Partner of Point Nine Capital, shares what it takes to raise capital in SaaS, overall investment activity in 2023, and how to develop a convincing AI strategy.

AI 191

AI Underperforming Technical Team Cloud Strategy 191

Clouded Judgement

JANUARY 6, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. Cloud Downgrades This week UBS came out with a couple research reports citing concerns in AWS / Azure growth. As I’ve talked about before, the big risk for 2023 are fundamentals - are forward estimates too high?

Cloud 130

Cloud Azure AWS Underperforming Technical Team 130

Clouded Judgement

MAY 5, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. JFrog told us that “despite customers taking steps to be more efficient in their cloud consumption, we saw acceleration of cloud usage in both pay-as-you-go and annual SaaS customers.” Follow along to stay up to date!

Cloud 130

Cloud Construction Trends Revenue 130

Clouded Judgement

MARCH 3, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. 3 months ago they guided to 47% growth for 2023. The red dot is what they’re guided to for the full year 2023 growth (which means the quarterly YoY growth in Q4 ‘23 would be lower than the red dot which is at 24% ).

Cloud 141

Cloud Forecasting Subscription Payment Features 141

Clouded Judgement

SEPTEMBER 30, 2022

Every week I’ll provide updates on the latest trends in cloud software companies. The expected budget growth for 2023 currently sits at 2.8%. So clearly the early expectations for growth in 2023 are coming in low. Within the broader IT budgets, software did have the highest growth expectations for 2023 at 3.1%.

Cloud 130

Cloud Subscription Payment Features Trends 130

Clouded Judgement

DECEMBER 23, 2022

Every week I’ll provide updates on the latest trends in cloud software companies. As I’ve said many times before, in 2023 the focus for software valuations will completely shift from interest rates (and multiples) to fundamentals. 2023 consensus estimates starting to come down. Follow along to stay up to date!

Cloud 130

Cloud Sales Hiring Trends Subscription 130

Clouded Judgement

DECEMBER 2, 2022

Every week I’ll provide updates on the latest trends in cloud software companies. 2023 Forecasts There are 2 primary questions that matter right now for software stocks - are rates going up or down, and are numbers (foreword estimates) going up or down. This is a reduction in 2023 estimates by ~7%. When will that happen?

Cloud 130

Cloud Forecasting Software Review Revenue 130

Clouded Judgement

MAY 26, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. 2023 estimates seem de-risked at the moment (although Snowflake has taken down their 2023 YoY growth guide from 47% to 40% to 34% in last 2 quarters…so can’t be certain it’s truly de-risked). Follow along to stay up to date!

Cloud 141

Cloud Azure Trends Retention 141

Clouded Judgement

JANUARY 20, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. In it he said “we’re very optimistic about 2023…not a chance for an IT recession in 2023…we’re hiring (when asked about a company like Salesforce who just announced a reduction in force).”

Cloud 130

Cloud Interviewing Subscription Payment Features 130

SaaStr

JUNE 17, 2023

In the ever-evolving landscape of SaaS, Venture Capital, Bootstrapping, and Valuations – understanding market trends and investment patterns is critical. We’ll explain Jason’s take on the recent market fluctuations, highlighting major deals that shaped investment patterns and their effects on valuation trends.

Venture Capital 224

Venture Capital Scale Technical Review Software Review 224

Clouded Judgement

DECEMBER 30, 2022

Every week I’ll provide updates on the latest trends in cloud software companies. 2023 will be the year we truly learn who the best businesses are. I think this continues in 2023. Congrats to Box for being the only positive returning cloud software stock of the year! Follow along to stay up to date!

Cloud 130

Cloud Subscription Payment Features Pricing 130

Clouded Judgement

FEBRUARY 17, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. 9:48 PM ∙ Feb 12, 2023 158 Likes 26 Retweets To make the analogy clear to non-football fans: it’s much easier to get inflation from 6% to 4% than from 4% to 2%. However, they guided for 2023 and called for 23-24% growth.

Cloud 130

Cloud Azure Revenue Subscription 130

Clouded Judgement

FEBRUARY 3, 2023

Every week I’ll provide updates on the latest trends in cloud software companies. A 2023 recession feels less likely, with 2024 being the more realistic timing if we do in fact get to a deeper recession. From the S&P to software, consensus was 2023 estimates were too high, and set to fall meaningfully. Market Offsides.

Cloud 130

Cloud Azure AWS Generative AI 130

SaaStr

OCTOBER 13, 2022

In June 2023, we’re heading back to London for SaaStr Europa and we wanted to give a special shout-out to some of the companies that will be there with us! Our mission is to build powerful and secure cloud software for subscription businesses of all sizes, with a strong emphasis on good design and ease of use.

GCP(Google Cloud Platform) 201

GCP(Google Cloud Platform) Azure AWS Enterprise readiness 201