Back in 2003, Emergence Capital theorized that enterprise software would move to the cloud. The first ten years were flush with companies in the horizontal market: Salesforce, Workday and Intacct all changed the way organizations do business. Now, ten years after Emergence started, we are seeing an even bigger opportunity: vertical cloud solutions. With Veeva, Guidewire and Opower, we are in the midst of an industry cloud revolution. Don't believe us? Take a look here at how industry cloud is both similar and different than prior technology shifts, and check out our take on the hallmarks of an industry cloud company as well as the current industry cloud landscape.