BoomTown has been lagging in getting up this lovely video I did from a dinner party last Thursday, thrown for NetSuite’s tenth anniversary, which was held at one of billionaire Oracle founder Larry Ellison’s many houses–this one in the tony Pacific Heights section of San Francisco.

NetSuite (N) is one of the pioneers in the broadly termed software-as-a-service space, selling an “integrated web-based business software suite, including Accounting software/ERP software, CRM software, and Ecommerce software.” Essentially, that’s hosted software solutions for medium-sized businesses or divisions of larger companies.

Zzzzzzzzzz, right?

Actually, it is an important topic, as businesses actually do begin to embrace the idea of putting themselves increasingly in the so-called cloud, which is Silicon Valley’s trendiest term du jour.

It is a topic, in fact, that Microsoft is going to be blabbing about all week, starting today. The SaaS space, including its cloud computing efforts, will be Topic A at its Professional Developers Conference in Los Angeles.

In any case, after a lovely tour of Ellison’s house–Ellison co-founded the company with former Oracle (ORCL) exec Evan Goldberg and has been a major NetSuite investor–by NetSuite’s PR guru Brooke Hammerling, and some dinner chatter, I did an interesting video interview with NetSuite CEO Zach Nelson about the direction of the sector.

Here’s the video: