What is Kleiner Perkins' investment thesis for the Jamstack space?

If you think about the number of web applications and websites that exist on the internet today, the rate at which those websites are being evolved or rebuilt and, frankly, the net new type of web applications and websites that are being built, it's an enormous pool of activity. So is the amount of infrastructure, tooling and services that need to be purchased, adopted and consumed to support that activity is also large, and the resulting opportunity for startups.

For most companies, web development is synonymous with software development. The web is the primary medium of interaction for businesses and their customers. Ultimately the web has won and will be relevant for a very long time. While there will always be a place for mobile apps, the web is a very, very strategic platform for any business owner that has ambitions to interact with their customers through digital channels. This makes web infrastructure a very exciting theme to index against as an investor.

With respect to the Jamstack, what's happening is that there is this new way of developing these applications that optimizes for performance, security, simplicity and -- probably most importantly -- the productivity of the developer and the ability to build these really cutting edge, engaging experiences. This new way of doing things is being pulled forward by the JavaScript community. Web developers want to work in the latest iterations of JavaScript and frameworks that enable you to choose between static and dynamic page rendering so that users have a much faster and more delightful experience with your products.

Ultimately, many developers would say it's just an objectively better way of building and delivering web experiences. This is what is driving the groundswell of commercial opportunity for companies like Netlify and others in the ecosystem.