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In the next 24 months, we believe we will see a migration of senior cloud talent from public and late-stage private companies to healthy early to mid-stage companies that offer a more rewarding professional growth opportunity and higher financial return potential.
This is why.
It was a great party. Over the last decade, the cloud market has only one direction: up and to the right.
IPOs became more frequent and more lucrative as the market grew almost without interruption. Private-market investment activity and valuations increased. Conditions will become unsustainably frothy in 2020 and 2021.
Since late 2021, public cloud stocks have given up half of their combined market cap, and the IPO window has closed down. Private late-stage companies that took big rounds at high valuations face valuation resets, most of which are only starting to happen in their annual 409A FMV assessment cycles.
Over the next 24 months, we will see a profound migration of senior cloud talent from public and late-stage private SaaS companies to healthy early- to mid-stage companies.
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