A Silicon Valley VC says a group of tech companies are quietly blowing away expectations while the spotlight shines on splashy IPOs like Lyft and Pinterest

But Jai Das thinks there's still a lot of investor demand — and plenty of growth opportunities — for less well-known companies that offer software and tech services for enterprises. Such startups remain at the center of most venture capital investing and likely will remain the core of the tech initial public offering market, Das, the president and a managing director at venture capital firm Sapphire Ventures, told Business Insider in a recent interview.

Eight years ago, Marc Andreessen, the cofounder of venture capital firm Andreessen Horowitz, declared that"Established corporations ranging from Nike to Capital One are being challenged by nimble, tech-savvy startups, he said. In order to stay competitive, such traditional companies have had to invest in new software and services as well as developers of their own.

"We used to say that these companies could not get huge," Das said. But it turns out, he continued,"the market for a lot of the enterprise [is] huge." To be sure, not every enterprise software startup is destined to get big. In fact, Das expects most willThis VC says a shakeout is coming to enterprise software because titans like Oracle and Salesforce have 'account control' that no startup can match

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