This document discusses common myths about cloud computing and outlines the evolution of cloud models. It summarizes that while virtualization is related to cloud computing, it does not define cloud. The document also notes that public clouds are continuing to grow in adoption compared to private clouds. Additionally, it asserts that the benefits of cloud computing go beyond just cost reductions and include increased speed and elasticity. The document aims to dispel myths about cloud computing and help readers make informed choices about cloud options.