I might agree about ads, but not IaaS. Let's say a company gets $10M in funding. It's hard to see how it can spend more than $100K/year on IaaS. On the other h

I might agree about ads, but not IaaS. Let's say a company gets $10M in funding. It's hard to see how it can spend more than $100K/year on IaaS. On the other hand, there are plenty of blue-chip companies spending $millions on IaaS. (i.e. Try to do drug research without it.) And even if all VC money went away, for every VC funded company, there are 100 startups using 1/100th of IaaS.