I think the biggest difference between Google / Facebook and Amazon is the predictability of spend. I think many people on @awscloud are surprised by how much money they are spending on the platform
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The private/venture backed industry makes revenue. So it’s not VC -> AWS only.
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The overall cost of AWS is going down over time and their early stage credits are going up. AWS is long-term greedy when it comes to startups. Google/FB are pretty brutal.
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Turns out selling blue jeans to gold miners is a good business.
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Second only to bay area rent for startup employees
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good point! but also consider: how many SaaS startups would just not exist without cloud computing?
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This was also observed by
@chamath in his 2018 annual letter whereby he stated, “Startups spend almost 40 cents of every VC dollar on Google, Facebook, and Amazon...” http://s3-us-west-2.amazonaws.com/socialcapital- …
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“Analysts suggest” — do you have a source/ companies/ names? Would love to see actual work done about this!
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