Understanding Changes in the Software & Venture Capital Industries
Both Sides of the Table
JUNE 28, 2011
It was driven by the introduction of open-source software, most notably what was called the LAMP stack. They started by offering cloud storage (S3) on a super cheap, pay-as-you consume basis. They knew the venture math that if only 50 companies / year are sold North of $100 million the entry price for their investments mattered.
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