This document discusses the evolution of application architectures from monolith to microservices to serverless. It describes the benefits and drawbacks of each approach. For monoliths, the benefits are ease of development but downsides include poor scalability and reliability. Microservices improve scalability but introduce more complexity. Serverless architectures allow developers to focus on code while avoiding server management overhead, though cold starts can cause latency issues. The document advocates for using serverless as a "stairway" to focus on rapid iteration, frequent delivery, and creating business value.