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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/03\/08\/the-sky-isnt-falling-for-cloud-software-spend\/<\/a><\/br> If you read<\/span> the startup press, you might think that everyone in tech is still nursing a stiff hangover from the zenith of the 2021 boom. While there is much talk of cutting spending, conserving capital, trimming staff and hunkering down, there\u2019s also quite a lot of good news out there.<\/p>\n New data<\/a> from Battery, for example, details a corporate software spending climate that is far from moribund; for startups that sell software to other companies<\/a>, this is great news<\/a>.<\/p>\n The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n Read it every morning on TechCrunch+<\/a> or get The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n Good news is not in short supply. As TechCrunch recently reported, Salesforce proved<\/a> that SaaS growth could still come in above expectations, unicorns Instacart<\/a> and Klarna<\/a> are posting solid operating results, and software-focused corporate valuations are recovering<\/a>. So much for a recession, yeah?<\/p>\n <\/a>The latest data dump from Battery Ventures (which raised $3.8 billion to invest last year<\/a>) buttresses our general impression that while many startups have had to retool their operations for today\u2019s more conservative business climate, the business of selling software is still a good one to be in. The same dataset also tells us that it\u2019s not equally good everywhere for every type of software vendor.<\/p>\n Let\u2019s dig through the good news first and then discuss which software categories are lagging behind their peers. We\u2019ll also touch on the bottoms-up sales approach and SaaS itself. If you are building a software startup, let\u2019s orient you for the present day. To work!<\/p>\n Let\u2019s start with an overview statistic. Battery created a sentiment index for enterprise technology spending, indexed on a 100-point scale. Much like PMI<\/a>, 50 is a \u201cneutral\u201d outlook measurement on the Battery scale. Despite dipping from its Q3 2022 reading of 55.4 to 50.2, the index remains in bullish (positive) territory.<\/p>\n No crying allowed, in other words. <\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nThe sky isn\u2019t falling for cloud software spend<\/br>
\n2023-03-08 21:56:19<\/br><\/p>\nBut early-stage startups could face the most headwinds<\/h2>\n
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\nThe good<\/h2>\n