Version 1. Plenty missing here, but in the spirit of early release I thought I’d post it here.
Click on the image to get access to the larger version which is a bit more legible.
When we talk about Cloud Computing in CloudSplit this is what we mean:
· Virtualization: All the components in the system are configured in software and have APIs to allow access. The people component has essential been eliminated. People still exist but a Cloud Computing consumer never sees them. Instead they see an API or a web-page interface to all their services.
· Fine Grained Allocation: In Cloud Computing the units of allocation are small enough to make sense to even one-man businesses. Sub-cent pricing for transactions and zero upfront costs can make Cloud Computing very attractive for high growth start-ups and/or cost constrained IT departments.
· Bi-Directional Scalability: The ability to turn stuff off as fast as you can turn it on without incurring setup fees, extended contracts and/or waiting periods. This scale up/scale down model ideally suits spiky or seasonal workloads (e.g. the storage requirements of a University are significantly reduced out of term).
· All You Can Eat: The ability to consume resources in an unbounded fashion. Amazon will never tell you they are out of disk space. One of the trickiest problems to deal with prior to cloud computing was what to do when you hit your existing resource limitations (particularly disk space).
· Pay as You Use: Only pay for use, not configuration. If you do not turn on the node or store data, then you do not incur costs. Setup fees become a thing of the past.
There are three API standards I am aware off that are seeking the holy grail of homogeneous access to heterogeneous clouds.
The ones to keep an eye on are:
Gartner states that CIO’s place virtualisation and cloud computing in the 1 and 2 spot in the annual Gartner CIO survey for 2010.
Let me paraphrase that and say “Private Cloud and Public Cloud”. As organisations move their internal IT operations into virtualised Environments and begin to see the benefits this will only serve to accelerate the adoption of public cloud vendor offerings from Amazon, RackSpace, Joyent, GoGrid and others.
We already know from a a Forrester survey last year that Enterprises are the surprise adopters of external clouds and we can expect to see increasing adoption of the tier 1 cloud providers (Amazon and Microsoft Azure) as these two companies are the only vendors with the global reach that will allow trans-national organisations (think Pepsi or Cola-Cola) to place their data within the appropriate legal boundaries for their various legal jurisidictions they reside in.
Amazon lowered the bar for European cloud adoption last year with the normalisation of prices between Europe and the US and we an expect to see this trend continue as other vendors make the move into Europe.
I attended TechCrunch 50 this year alongside my business partner Eamon Leonard and another presenting company, VidSchool which Sean Fee of Ifoods/LookandTaste fame is involved in.
Pat Phelan originally intended to join and we booked a Monster House on Fillmore and Fulton. Pat (the consummate deal maker) had to pull out at the last moment which left Eamon and I (of CloudSplit) sharing this mansion with Paul, Moneesh and Sean of VidSchool.
As failed entrants to the onstage event we had both been offered slots in the DemoPit. You get one day to showcase your company in a separate area from the stage through which the attendees have to pass to get to the auditorium. We chose Tuesday (as opposed to Monday) this gave us a chance to attend on Monday and suss the place our prior to our full day.
Tuesday duly arrived and we headed down to the show. Its a brutal schedule with the show opening at 7.00am and running until 7.00pm the following evening. There is lots of advice to absorb on how best to pitch at TC50, but we followed some simple rules,
We went looking for validation of the CloudSplit offering and received that whole heartedly. We met key influencers at the investor, partner and customer level. This level of exposure to people WHO-REALLY-KNOW the software sector was invaluable.
Just the opportunity to present 200 times or more to genuinely insightful individuals who could really grasp what we were doing was a fantastic education. We now have a crystal clear vision of what we need to do in V1.0 and a goto market strategy honed by hours of feedback.
It also helped that the universal feedback was that CloudSplit was genuinely breaking new ground in a valuable and emerging market.
I would definitely target and time the launch of any new company so that it aligned with TC50.
The DemoPit works as a competition in which the conference attendees get chips which they donate to the most interesting projects. The two with the most chips on each day get to present the product on stage. Its a nice idea but is open to all sorts of gaming ranging from booth hotties simply trading on their looks and accosting people for chips without pitching to wholesale buying of chips. Basically you can forget getting on stage on merit alone.
I can’t fix the booth hottie problem but it should be easy enough to fix the chip buying problem by making the containers piggy banks rather than jars so that once chips are donated they can’t be retrieved to be resold.
I also think there would be more liquidity in the market if the attending companies were compelled to donate their chips to other companies rather then bunging them into their own jar. This could be achieved by only giving chips to DemoPit companies on the day they are *not* presenting.
On plus side we got our first chip quite early on from Mark Kvamme of Sequoia so we really did care too much about winning or losing the competition after that piece of validation.
The awards ceremony was a shambolic disgrace. Mike Arrington threw all his toys out of the pram and stormed of stage. Why ? Who cares. It was an insult to the winners of the awards and made Arrington the story instead of the winners. It soured the whole event for me.
If I was Mike I’d be keeping a pretty low profile as well.
We (Eamon, Sean, Moneesh, Paul) are all back at base Fillmore after a punishing 7 to 7 session on the DemoPit. Unlike normal conferences there is no let up at TC50 so ourselves and VidSchool were cracking our jawbones all day long.
Exhausting but very rewarding work. Both companies recieved huge validation for their offerings and like most SV events I have attended our calendars are full for the next few days.
The straight juice, there is no better place to launch a tech company.