Thanks to @maxvonthun.bsky.social, who we also learned a lot from in the course of writing this report :)
Striking new analysis by @davidthewid.bsky.social and @nathanckim.bsky.social on how "Big Cloud" (wish I'd come up with that) are elbowing out VCs to lead investments in thousands of startups. Unlike VCs though, this isn't (primarily) about making money, but about entrenching market dominance.