VC Forecast: "Transformational, Mega-shift" of Enterprise Solutions to the Cloud

by Erin McCune on January 6, 2009

in Enterprise 2.0, Strategy, Technology

The NYTimes interviews leading Silicon Valley VCs and finds that while Web 2.0 enthusiasm is waning, interest in SaaS Enterprise applications is growing.

Instead, venture capitalists will invest in open-source software, Web-based software, Internet-based cloud computing and virtualization software that lets companies use less hardware to run applications. “Oracle, Microsoft and all of that will shift to the cloud. It will be a transformational mega-shift in technology,” Mr. Stalder said.

Read more, and listen to the interview with Dana Stalder of Matrix Partners (excepted above) and 5 other VCs  here.

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