VCs used to love the public cloud because it disrupted old guard vendors. Now the cloud is keeping more of the profits and the VCs are starting to fight back. 

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VCs USED TO LOVE THE CLOUD

In the old days, the first $50M of VC funding went to Cisco, EMC, Sun and Oracle. And then the public cloud came along, and that shifted to the first $5M going to AWS. 

NOW VCs ARE ACTIVELY FIGHTING AGAINST THE MONSTER THEY HELPED CREATE

• VCs are learning that bandwidth costs never come down
• VCs would like to get more of the profits, which are going to AWS
• Now VCs are putting their money behind other clouds
• Is this a trend that will continue? 

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