Everyone Loves the Cloud Price Wars — For Now

Cloud-computing

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For consumers, the recent price war over storage has been a pleasant surprise. For Internet companies, though, it’s been a cause for an extended wave of high fives.

“One of my CEOs declared to me the other day that last week’s activity in the cloud may have been one of the most important weeks in technology history, but we won’t realize it for many years to come,” wrote Jeff Bussgang, a general partner at venture capital firm Flybridge Capital.

Why? Specialization is a powerful economic force. It fueled the Industrial Revolution, and it has quietly transformed the digital world. Read more…

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