Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! This week’s selloff What a week for cloud software. The few companies to report (Zoom, Anaplan, Autodesk) all fell roughly 15-20%. Many other companies fell >10%, and some >20%. Of the ~90 cloud software companies I track only 3 of them are trading higher than where they were 1 week ago, and the median change from last week was a 10% drop. What’s driving this? Probably a few things - most notably, real rates are rising.