I doubt this is true. If you're operating a tech company anywhere in the world, I'm guessing $4K is pretty close to negligible. In whatever case, indexing by country is misleading, "tech companies" in general is more interesting, if there are a handful of tech companies in the third world for which this doesn't hold, it doesn't invalidate the generalization.
Again, we’re not talking about SMBs, we’re talking about tech companies generally. (What share of SMBs are there doing serverless or with any cloud footprint at all?)
