| 100% agreed. The most consistently amazing thing about Cloudflare is the clarity of their product positioning. You have this common problem, we built a thing to fix it. No 'change your problem into this other problem' gymnastics. Just 'pay us once you exceed the free tier, and it's no longer a problem'. And furthermore, they seem to have clarity of platform vision, in that each piece does something very specific to help them compete efficiently against AWS/Azure/GCP (who have much larger resources) AND has synergies with their existing platform. E.g. edge compute, free/cheaper network traffic from compute/storage Critically, Cloudflare seems like the only competitor to the majors that has their eyes on competing on price by capturing enough of the market of {some thing} that they can still make profits at extremely low price points. Also, just glanced at their financials again, and they look exactly like you'd want to run a large company if your eye was on order of magnitude growth. They just pivoted to positive FCF in 2023, biggest expense is sales and marketing (over half their gross profit), and have exponential revenue growth. |
https://softwarestackinvesting.com/cloudflare-net-q2-2023-ea...