Biz, Tech: Protip: Want venture capital? Make a cloud computing startup.
- Apparently, it’s the big thing for investors right now. Despite the lack of name recognition, there’s a heavy amount of interest in companies who are involved in cloud computing – i.e. using a huge cluster of servers to run powerful applications, rather than forcing those apps to run on home computers. Anonymous companies like Engine Yard and Elastra – who run services to keep those cloud computing apps afloat – are able to get tens of millions in investments in a down economy. Did someone hear the sound of a gold rush? source