Taking The Steps

Bessemer Venture Partners is in the business of nurturing startups, with a keen interest in those involved in cloud computing. The company has invested in more than 80 cloud businesses, seven of which ultimately went public.

Byron Deeter, a partner at the oldest VC firm in the country, recently presented a State of the Cloud report based on the company's latest research to executive leaders of companies in Bessemer's portfolio.

The cloud market, now with a total cap of $180 billion, has grown by 10 times over six years, and should double again in the next two years. Deeter predicted total cloud market cap will hit a half-trillion dollars by the end of the decade.

In his presentation at the Bessemer Venture Partners & Salesforce Ventures Cloud CEO Summit, Deeter also offered a "10-Step Plan to Surviving in Cyberspace."