The BVP Cloud Index is a market cap weighted index that tracks the activity of the
leading public cloud companies. Inception date was January 1, 2011 – 7 1/2 years ago.
There are currently 50 companies in the index including many stocks favored here such
as Alteryx (AYX), Hubspot (HUBS), Okta (OKTA), Shopify (SHOP), Talend (TLND), Twilio (TWLO),
and Wix (WIX).
The Index is up 33% YTD (from 12/29/2017 to 6/29/2018).
The Index is up 555% (26% annualized) since inception (1/1/2011).
62% of the gains in the Index have come in just the last 18 months.
The Index is currently trading at an average 9.2X (EV/2018 Rev). Previous all-time high was 8.2X.
In early 2016, the Index lost 17% in one day. It lost 35% in six weeks. Multiple was 3.7X.
The BVP Cloud Index is maintained by Bessemer Venture Partners. You can find the Index here:
Note: I track this index for purposes other than my own investing. I share it here because I know
several of you are heavily invested in these types of businesses and thought you might be interested.
For my curiosity, could you expound on why you have no position in any of the companies in the BVP Cloud Index, ears? Do you hold positions in any individual companies that aren’t within a broader fund of some sort (whether an index fund, ETF, mutual fund, or whatever)?
Seems that you’re missing out on at least a few pretty decent companies worth investing in…even though you are quite aware of those companies.
Thanks,
volfan84
Simply curious with this questioning…particularly since you do visit this board, ears, and thus have an awareness of how beneficial it can be to invest in really solid individual companies’ stock
I would have to do some more digging, but it is striking that this companies efficiency score is so high and valuation so low.
Perhaps it is the TAM, perhaps it is lack of hyper growth numbers, if I can find the time on a slow week I will dig.
About the company: Emergency and Crisis management- pushes out safety messages to employees/citizens during emergencies. Sticky product when it lands with some nice feature add ons.
I’ll do some more digging. I know they’ve been acquiring companies recently to expand into Europe and own IP.
could you expound on why you have no position in any of the companies in the BVP Cloud Index…?
Hi volfan84, simple, I don’t need to. After several painful lessons, my wife and I decided years
ago to become financially independent the old-fashioned way – by saving, staying out of debt, and
avoiding big losses in the market. We avoided big losses by avoiding any bets that potentially could
wipe us out, no matter how attractive the upside. We’ve reached our goal, and we’re now invested in
things developed from prior work relationships that emphasize preservation. Not very glamorous,
and probably not much help to you. But I appreciate you asking. I occasionally post here and on other
TMF boards because I still have a fascination with investing, and especially with how investors
behave, as well as a (mistaken?) belief that I can be of some help at times. I’ve enjoyed your
posts and your approach to problem solving, and look forward to seeing more of your contributions.
So to clarify, in addition to still needing outside storage (PSTG), would NTNX customers also still need PVTL based on the following?
“…Calm
Application automation and lifecycle management for the Nutanix and public clouds, as part of the Nutanix Enterprise Cloud OS. Calm orchestrates the provisioning, scaling and management of applications across multiple environments to make IT infrastructure more agile and application-centric.”
Sounds like Kubernetes to me? On investigation, Calm is created from the calm.io acquisition in 2016. It appears to be the equivalent of CloudFoundry, Pivotal, Cloud66 etc. That is, getting your applications deployed (and scaled etc) to the place you want them deployed to.
Calm lets you do what CloudFoundry do, or in the AWS space, what ECS/EKS does, but across multiple clouds (eg, across your Nutanix datacenter private cloud and your AWS/Azure/Google clouds).”