It’s Never Been a Better Time To Be an Entrepreneur… Or To Back and Entrepreneur

I say this every year it seems, but this time I really mean it.

It has NEVER been a better time to be an entrepreneur.

Bessemer Ventures ‘State of The Cloud‘ got me thinking about this topic I see to write about every year on this blog.

A decade ago there weren’t any private cloud companies valued at $1 billion. Today, there are 55 private cloud unicorns. If we include the additional 44 public cloud companies, there are 99 cloud players valued over $1 billion. What’s truly remarkable about the cloud ecosystem isn’t just the sheer size of the market, but also its interdependence.

The cloud, combined with ‘software eating the world’, combined with smartphones, combined with a mobile, global, socially connected world has created an era where entrepreneurs – at any age – can strike it big.

Of course, it is also a great time to be an employee number 2, 3, 4, 5 10 or 100 if you have the right skills.

When I was a kid in Toronto, I thought I had to be a lawyer, doctor, or CPA.

I bolted for the USA at 21 and while I did my MBA at Arizona State University (Harvard of the west) and MIM at Thunderbird, I never took a ‘professional’ job.

The rotary phone was the technology of the day when I started making sales calls in 1991 and the mentorship was hard to find.

It is not just that the mentorship and the tools are endless for today’s entrepreneur…they are endless for today’s angel investors and venture capitalists as well.

If you want to be in the business of investing in the next great entrepreneurs, it has never been a better time to start.

I was listening to this great Harry Stebbings interview of Josh Kopelman and reminded how just this series alone is a great place to start.

Have a great Sunday.