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Also don’t forget that AWS pretty much lets Amazon benefit from all that VC money without being directly exposed to the risk.
by lambdasquirrel 3y ago
Also don’t forget that AWS pretty much lets Amazon benefit from all that VC money without being directly exposed to the risk.
- whoknew1122 3y agoI've worked with many, many companies as an employee of Amazon. The majority of the companies I've worked with aren't VC funded companies. That's anecdotal of course. But it'd be incorrect to imply that AWS gets most of its revenue from VC funded companies.
- s1artibartfast 3y agoI don't understand what you mean
- PaywallBuster 3y agoVC funded startups start with AWS free credits build a bloated service and then are too big to move (vendor lock in) but they still have VC money to pay the bills
- hx8 3y ago1. What percentage of AWS revenue is VC funded companies? I'm sure it's a good percentage, but AWS also sells to a lot of fortune 500s. 2. AWS takes on a lot of risk. They buy hardware with lifespans measured in years and sell its use by the second. Not to mention directly competing against major divisions of Microsoft and Google cannot feel comforting.
- varelse 3y ago[dead]
- scarface_74 3y agoAndy Jassy has said publicly plenty of times that less than 5% of all IT spend is on any cloud provider. There is still a huge market.
- fakedang 3y agoJust because cloud spends are low doesn't mean there's more room to gain for cloud. The biggest expenditure in IT, onprem or cloud, is talent. Which is why a lot of CIOs at big corps are "excited" about the whole "ChatGPT for code" trend (not that most of them don't have much experience in the space to actually evaluate that premise).
- scarface_74 3y agoI’m assuming the CEO of Amazon and former CEO of AWS has enough sense to be talking about spending that could be converted to cloud and it employees
- fakedang 3y agoThey're looking at it in absolute terms. 5% to 6% is a 20% jump worth billions. But 5% to 20%? Tough luck.