Nearly a decade ago when it was difficult for small sites to handle large amounts of traffic, especially from DDoS attacks, I remember stumbling on Cloudflare‘s first promotional video. At the time it seemed like magic. No hardware or software configuration needed, and you could ensure your site would stay up using Cloudflare’s infrastructure. Today, they are valued at over three billion dollars and are gearing up for an IPO.
I’ve talked about Cloudflare for some time now and championed their free to use privacy first DNS service and their suite of products and experimentation that are making the internet a better place. But for a company that powers nearly 10 percent of all internet requests you would be hard pressed to find them mentioned next to the cloud services giants of the world like Amazon, Microsoft, Oracle, and Google- that is about to change. With reports Cloudflare is going to IPO at over a 3 billion dollar valuation, it’s prediction time:
Microsoft capitalized on software, Google on the internet, Apple on mobile, and Cloudflare will capitalize on cloud services. Unlike the other cloud services providers in the space who have added cloud services to their offerings, Cloudflare has been doing it from the beginning- it’s in their DNA. I’m always bullish on companies that are built to take advantage of a specific booming sector from the beginning- avoiding the pitfalls that come with trying to reorient their business to handle it. Let’s see what happens.
Jack Dorsey, CEO of Twitter and Square, recently made public statements (shown below) voicing his support for Bitcoin while showing his lack of support for other cryptocurrencies. Given Jack is CEO of two publicly traded companies with a combined value of over $50b, it is no small thing for the cryptocurrency space that he is making these statements. I think he is a very intelligent and thoughtful person and I encourage you to listen to him on The Ringer with Bill Simmons or Joe Rogan. It is a great look inside the mind of someone who controls one of the most important public platforms. However, I think he is wrong to think that Bitcoin is the end all be all. Bitcoin as the one and only winner in the space is much more likely if all cryptocurrency amounts to is an internet based currency. But cryptocurrency is more than that and we are increasingly seeing that reality with projects like MakerDAO and Augur. Which leads us to my prediction.
Prediction: Before 2030 Square or Twitter will have integration with a cryptocurrency besides Bitcoin. This could be, but is not limited to, the ability to transact with a cryptocurrency besides Bitcoin in Square’s Cash App or Square’s POS terminal. Currently the only cryptocurrency integration in Square’s products is the ability to buy and sell Bitcoin in Cash App. Or in the case of Twitter it may become possible to easily send cryptocurrency directly to another account. In fact, let’s make that another prediction.
I like falsifiable predictions because it forces one to take a stand rather than hide behind vagueness or platitudes. Not only does it make it easy to track how accurate your worldview is over time allowing you to learn. But it also gives an extremely potent dose to the reader of what your worldview actually is. I wish more journalists, writers, thinkers- hell everyone- did this. Take a stand people, no gradient.
That’s 4 for 15 thus far shooter, for a batting average of .250.
Me: Before 2030 Tesla will be worth $100 billion as an independent company. – Elon Musk has an air about him, he will always be able to raise money. – Their vehicles offer an unparalleled experience. Take a test drive, use the app, and tell me another automaker comes even close. – Tesla is more than just an automaker- their innovations in solar roofing and energy storage will prove to be very successful.