The Power of the Vertical Cloud – Why We Invested in Placester

April 10th, 2015|Categories: WRITING|

Chetan Puttagunta and Ravi Viswanathan At NEA, we have been excited about our thesis in vertical clouds, or enterprise cloud software solutions purpose-built for a specific industry or vertical.  The really interesting verticals are typically massive markets that heretofore have had legacy or antiquated software (if any) or have been run very inefficiently.  One such market is the residential real estate market.  Buying a home is the single biggest financial decision that most Americans make in [...]