[Nextgrid]

Keep in mind that most big clients of cloud providers are startups running on VC money. It's not their money and they don't care about wasting it, and VCs don't particularly care either.

This has now created an entire ecosystem of developers and "devops engineers" (what we used to call sysadmins) who know little beyond the cloud and have to keep using it for career-related reasons. This in turn pushes companies to use the cloud as finding talent for old-school on-premises infrastructure is difficult.