Business Strategy for Software Executives
February 25 , 2008
Bessemer’s Top 10 Laws for Being “SaaS-y"
Running an on-demand company means abandoning many of the long-held tenets of software management and adhering to these new principles.
By Byron Deeter , Bessemer Venture Partners
In the emerging sector of Software as a Service, one of the biggest challenges for many of the top CEO's is the lack of successful examples for them to follow. There are still only a handful of public pure-play SaaS businesses, and thus the body of "best practices" is very limited. Ironically, on top of this, one of the hardest things veteran software CEOs have to do when they start to run a SaaS company is to forget much of what they know about running a software company.
As we worked with our Software-as-a-Service (SaaS) portfolio companies, it became apparent that savvy SaaS companies were following a new set of rules - most of which didn't apply in the traditional software world, and many of which they were making up in real-time. We then set out to capture the new "best practices" of the on-demand model.
A Cloud is Forming
The news that EMC is prepping a utility computing service for enterprise-scale applications came from an SAP exec earlier this month. And why not SAP on an EMC cloud? Billy Marshall of rPath looks closer at the latest developments in the enterprise utility space and predicts an application architecture for cloud computing is not too far off. Read more in this post to the SandHill.com Blog on virtualization.
Software M&A and VC Trends
Software finance witnessed another exciting year in 2007. From LBOs to IPOs, M&A and VC, Maryann Jones Thompson of SandHill.com takes a closer look at all the year-end data in this week's post to the software finance blog on SandHill.com.
A Visit to the Heart of India
If you’re fortunate enough to visit India, don’t spend all your time in an office building. M.R. Rangaswami of Sand Hill Group shares the personal impact of a quick side trip during his last journey to India in this post to the SandHill.com Blog, First Person.
Publish Your Perspective!
SandHill.com wants your opinions. Send your thoughts on the enterprise software industry to SandHill.com editor, Maryann Jones Thompson (email@example.com) and have your opinions published on our site.
DON’T MISS: McKinsey’s Interview with Mozilla’s New Chairman
Mitchell Baker, the company's chairman and former CEO, explains the power of the participatory, open-source model of collaboration. Read how this company is approaching open source inovation in this article from The McKinsey Quarterly.
News Update: Heightened Tensions
Microsoft maneuvers for dominance; plus, Dave’s really back, big money aims at India, Intuit stumbles and a black tie and tuxedo event. Read these stories and more software news of the week in the latest SandHill.com Software News Summary.
Poll: SaaS Failures?
With so many software companies – both new and established – rushing to adopt the SaaS model, what portion will fail?
Last week, readers speculated on how enterprise software spending would be this year.
More at SandHill.com:
Adobe releases the first version of rich internet application, Air.
SaaS vendor RazorSight received $4 million.
EMC acquired cloud computing firm, Pi, and hired founder and ex-Microsoft exec, Paul Maritz.
Ravenflow named Susan Boers as president and CEO.
Send us your feedback on this newsletter and the SandHill.com site.
“Skill without imagination is craftsmanship and gives us many useful objects such as wickerwork picnic baskets. Imagination without skill gives us modern art."
Courtesy of Malcolm Kusher, The Kushner Group
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