What’s Special about the Joyent Funding Round? There is nothing special about small companies or startups getting funding, other than the obvious vindication of the opportunities in cloud computing. In fact, such funding stories have been the focus of several articles here (See the latest one: Cloud Computing Startups Raise Big Money: UPDATE 8). However, there’s something different, and in my opinion, special, about the $85 million round of funding closed by San Francisco cloud services provider Joyent (http://www.joyent.com/). What’s special about this round of external financing is not the amount (which, by prevailing standards, is quite impressive) or the
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How BIG Is The Cloud Computing Market? “A market is never saturated with a good product, but it is very quickly saturated with a bad one.” – Henry Ford (1863-1947), American industrialist and pioneer of assembly line production. Henry Ford, industrialist extraordinaire, knew the value of his Model T in the American market. That is why, contrary to the popular belief at that time that customers should always be provided choices, he refused to offer his now-iconic product in multiple colors, going as far as to say, “They can have it any color so long as it’s black.” Although the
