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Forbes Now Accepting Nominations for Its Cloud 100 List

Are you part of a private company that's making strides in the cloud computing sector? If so, you might want to put that entity under consideration for inclusion on Forbes' third-annual Cloud 100 list. You might guess from the name that the businesses ultimately given the honor are those deemed to excel in displaying leadership within the cloud sector.

What Are the Entry and Winner-Determination Processes?

Anyone can nominate a company from now through June 29, 2018, by going to a dedicated website. When choosing a business you're not associated with directly, in case you find it's not possible to answer all the questions on the nomination form, there's the option to request that the people responsible for creating the list reach out to the company directly to ask for the information.

In addition to the Cloud 100 list, 20 companies are picked as Rising Stars. They must have raised less than $25 million to date.

All entries get evaluated on four main factors:

  • Market leadership: This category makes up 35 percent of a possible score. A panel of judges determines it, and most of the members are CEOs of public cloud companies. They provide qualitative input and assessment related to how an entrant performs as a leader in the cloud computing industry.

  • Estimated valuation: This section comprises 30 percent of a company's score and is either represented as a range or a specific number, depending on what's available from third-party data providers.

  • Operating metrics: These operating metrics are responsible for 20 percent of a score. They are given as ranges and based on parameters like growth and revenue.

  • People and culture: Finally, 15 percent of a possible score is associated with people and culture. The judging panel again relies on third-party data to learn things like the number of current employees, how many new hires a company has had recently and its cultural norms.

These areas help determine the criteria for the list. However, they're not the sole aspects that determine the winners.

A Snapshot of the Judging Panel

More than two dozen judges are making decisions about this year's Forbes Cloud 100 list. They include Dan Springer, the CEO of DocuSign, and Gail Goodman, the former CEO of Constant Contact.

What Do the Winners Get?

A list of winners will get published in the September issue of Forbes magazine as well as on the Forbes website. They'll also get invited to an inclusive Cloud 100 event that celebrates the victorious companies. CEOs and other notable individuals in the cloud industry also attend.

Moreover, many Cloud 100 alumni - such as Dropbox and Zapier - got momentum after their wins and went public shortly afterward or found other successes that boosted their businesses.

The list of 2017 winners featured now-well-known names like Eventbrite, Hootsuite, Evernote and Asana.

Companies Receive Notifications by Email

The businesses that successfully get a place on the 2018 Cloud 100 list get notified of the accomplishment by email. Although the Cloud 100 website does not precisely mention a deadline for deciding the winners, it says that invitations for the associated Cloud 100 event get sent out by August.

Nothing to Lose

There's no cost to nominate companies for the Cloud 100 list. Also, the FAQs for the content note that most companies self-nominate for consideration. The nomination form has 18 questions, but many require only choosing one of several possible answers instead of going into detail about a response.

With these things in mind, there's no reason to delay nominating your own company or another notable cloud-centric establishment by the end of June. Doing so could result in a significant amount of prestige and publicity.

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About the Author

Kayla Matthews is a tech-loving blogger who writes and edits ProductivityBytes.com. Follow her on Twitter to read all of her latest posts!
Published Thursday, June 07, 2018 7:56 AM by David Marshall
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