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What's Hot in Enterprise IT/VC - Issue #151

Huge congrats to NYC based Datadog, cloud monitoring as a service, as it hits $10.9 billion market ca
What's Hot in Enterprise IT/VC - Issue #151
By Ed Sim • Issue #151 • View online
Huge congrats to NYC based Datadog, cloud monitoring as a service, as it hits $10.9 billion market cap on its debut Friday. The interest in all things enterprise infra continues and who wouldn’t be excited with expansion numbers in the 150% range. This is also a huge win for the NYC enterprise tech ecosystem which was traditionally seen as an ad tech and media community but as I like to say, this is where the money is with 50+ Fortune 500s buying enterprise tech in NYC. For the founders, take a look at the Openview SaaS benchmarks remember to not raise too much money as it can be a crutch in the long term.

Scaling Startups
Ed Sim
Founders please don’t forget that “necessity is the mother of invention” - may sound self serving but raising too much $$$ in seed may set u up 4 failure, some of best thoughts come from middle of night, building culture of scrappiness + ingenuity will serve you well in long run https://t.co/h8rM6Wkpfk
8:54 AM - 20 Sep 2019
Enterprise Tech
So how tied in is the cloud computing sector to startups buying services? “Research by the hedge fund Bridgewater (see FT article) found that spending by private tech start-ups made up about 10 per cent of the revenue of tech giants and accounted for more than 0.4 per cent of global economic activity. That figure is close to the peak of roughly 0.6 per cent reached during the tech bubble of 2000 and will stoke concerns of overheating in private markets, where deep-pocketed backers are subsidizing frequently unprofitable tech business models.”
Markets
Another week and more infrastructure IPOs with DataDog reaching a $10.9 billion market cap selling monitoring and logging software - also a huge win for NYC enterprise tech while on same day Ping Identity (competes with Okta) went public and is now worth $1.2 billion. Gitlab just raised another $268mm showing at a $2.75 billion valuation showing the continued rise and importance of developers, especially in the enterprise
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Ed Sim
By Ed Sim

Ed Sim's weekly readings and notes on VC, software, and scaling startups - #enterprise #seed #DeveloperFirst #IntelligentAutomation #DataInfra #CloudNative #Cybersecurity

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