Remove Angel Remove EC2 Remove LAMP Remove S3
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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

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 then launched processing capabilities (EC2) and we startups suddenly didn’t need to buy production servers.