Funny, but no. I've merely watched smaller companies evaporate because they fell for the cloud trap. Wish I could have helped them, but they were very gung-ho on the cloud being the future. Many I've discovered because of their goodbye message got linked here on HN, they imploded not because they failed to launch or failed to find a following, but they failed to overcome AWS eating all their profits.

Yes, but plenty of companies are also successful using cloud services.