Cloud Index at all time high

An index of 50 cloud stocks reached an all time high at the end of last month.

** Up 54% since 12/29/2017.

** Up 657% (30% annualized) since 1/1/2011.

** EV/Rev(2018) multiple 11.0X. Previous high (July) was 9.2X. Early in 2016 was 3.7X.

Index includes many of the growth stocks favored here such as Alteryx (AYX), Okta (OKTA),
Shopify (SHOP), Talend (TLND), Twilio (TWLO), and Wix (WIX).

Index is maintained by Bessemer Venture Partners.

https://www.bvp.com/strategy/cloud-computing/index

Ears

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** Up 54% since 12/29/2017.

** Up 657% (30% annualized) since 1/1/2011.

They should have put together a fund or ETF with this grouping of stocks.
As far as I know, they didn’t do that.

They should have put together a fund or ETF with this grouping of stocks.

Bessemer is one of the oldest VCs around. They were early backers of many of these
names. The do ok.

I like them because they don’t take themselves too seriously…

HONORING THOSE WE MISSED
The Anti-Portfolio

Bessemer Venture Partners is perhaps the nation’s oldest venture capital firm, tracing our roots
back to the Carnegie Steel empire. This long and storied history has afforded our firm an
unparalleled number of opportunities to completely screw up.

https://www.bvp.com/portfolio/anti-portfolio

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