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Cloudflare S-1

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Re: Cloudflare S-1

#331

Post by jve »

the_duke wrote: post #81
zaroth wrote: post #74

Earlier quoted context omitted.

What the heck happened to their OpEx in 2018?! They went from growing at 60% YoY in 2017 with an 8% Operating Loss, to growing 43% YoY with an Operating Loss of 44%. To put it another way, in 2018 they grew their revenue 40% (+$58m) and grew expenses 100% (+$115m). I mean, apparently they raised a huge round and felt the need to increase spending massively. And then saw slowing growth as a response? Was there a massi…

My guess: new development-intensive products like the 1.1.1 DNS, Wireguard, WAF etc plus general scaling and growth on one side, and increased competition from established cloud services on the other. After all, if you are already on eg AWS, just using Cloudfront is temptingly easy. (even if bad from a redundancy perspective)

You missed Magic Transit that was announced few days ago: https://blog.cloudflare.com/magic-transit/

Re: Cloudflare S-1

#333

Post by markonen »

windexh8er wrote: post #186
soup10 wrote: post #169

Earlier quoted context omitted.

Only issue is that they don't have that much revenue compared to the amount of interest there will be in their stock so its going to turn into a speculation vehicle.

I'm not sure how that comment holds given what they've outlined. For the 6 month ending in 2019 they had roughly 75k paying customers. Now the interesting part, to me, is that only 408 of them are spending over $100k in annualized billings. Given that they have some runway to expand into organizations who are down a path of transition to cloud. In the S-1 they reference a lot of "band-aid" box vendors (Juniper, Check…

In addition to the 408 larger accounts, Cloudflare probably has a large-ish number of accounts with about $50k in annualized billings, as that's a common entry level for their enterprise plans.

Those I'd expect to slowly but steadily creep up in billings since Cloudflare introduces new products all the time, they tend to be very easy and desirable for existing customers to adopt, and they tend to be upsells over the base enterprise plan.

Re: Cloudflare S-1

#334

Post by nguoi »

tom_ wrote: post #194
nguoi wrote: post #111

Earlier quoted context omitted.

Private companies in the UK file accounts publicly every year. It's an exchange for creating a legal concept that allows someone to absolve themselves of any liability for their company's obligations. I know companies in Germany do the same too.

Link to the service: https://beta.companieshouse.gov.uk/ Cloudflare: https://beta.companieshouse.gov.uk/company/08778322

Wow, they were almost struck off last year

Re: Cloudflare S-1

#335

Post by CharlesDodgson »

As a non-expert in the specific industry, but a tech person who reads S-1s with interest, I like the look of Cloudflare. It is providing a global infrastructure product and clearly building something that other companies will use and integrate in way that makes it sticky to leave.

I can't remember who said it, but I definitely subscribe to the idea that cloud providers are essentially a tax on businesses that use the internet to drive their business.That makes CF attractive.

My feeling is that the risk that will affect it in the long run are macro: global downturns, over reliance on a specific sector, regulation, freezing out of markets due to unfair competition from local players and spikes in energy costs (curious why this wasn't mentioned in the S-1 specifically)

They also have no outlined plan for the capital they will raise, this may be a good sign, no bold bets, just keep the marketing spend going and achieve greater scale.

It's getting harder and harder to judge if something is a good bet these days. Nobody is actually making a profit, the dual stock structure is troublesome, and the access to capital feels too easy. Ir frustrates me that it's impossible (for a mere mortal with €500 a year to invest) to get in at an early stage when you can watch the value rise and feel a connection with the company.

Re: Cloudflare S-1

#336

Post by hugoromano »

ksec wrote: post #247
rvz wrote: post #83

> Today, our network spans 193 cities in over 90 countries and interconnects with over 8,000 networks globally, including major ISPs, public cloud providers, SaaS services, and enterprises. We estimate that we operate within 100 milliseconds of 98% of the Internet-connected population in the developed world, and 93% of the Internet-connected population globally (for context, the blink of an eye is 300-400 millisecond…

>We estimate that we operate within 100 milliseconds of 98% of the Internet-connected population in the developed world, Am I missing something here? For Reference; A one way New York to Hong Kong connection takes roughly 110ms.

Do you have reference for the 110ms ny-hk? I’m doing research on latency and wish to assess that information.

Re: Cloudflare S-1

#337

Post by hugoromano »

windexh8er wrote: post #186
soup10 wrote: post #169

Earlier quoted context omitted.

Only issue is that they don't have that much revenue compared to the amount of interest there will be in their stock so its going to turn into a speculation vehicle.

I'm not sure how that comment holds given what they've outlined. For the 6 month ending in 2019 they had roughly 75k paying customers. Now the interesting part, to me, is that only 408 of them are spending over $100k in annualized billings. Given that they have some runway to expand into organizations who are down a path of transition to cloud. In the S-1 they reference a lot of "band-aid" box vendors (Juniper, Check…

The lowest paid plan is $20/monthly for 75k customers, hypothetically, that alone would generate $18M a year.

Re: Cloudflare S-1

#338

Post by baud147258 »

icebraining wrote: post #326
ollerac wrote: post #306

Earlier quoted context omitted.

Can you do a quick write up about how to do this? As a web developer, I feel like I should know how to host my own website from my own machine, but I've always struggled to get all the right steps in place. It'd be nice to hear from someone more experienced, so I can make sure to do it correctly!

Essentially you write a script in any language that: 1) checks what's your current IP (an easy way is to do a GET request to http://icanhazip.com/ , available thanks to Red Hat engineer Major Hayden) 2) checks what was the last IP you sent to Cloudflare (saved in a text file on your disk or something like data) 3) if they are different, send a PUT request to the Cloudflare API with the new IP: https://api.cloudflare.…

I've checked icanhazip.com and it's not returning the same ip as the one from ipconfig. What does it mean? Note I know nothing how networks work and that I'm in a corporate network

Re: Cloudflare S-1

#339

Post by dx034 »

ksec wrote: post #247
rvz wrote: post #83

> Today, our network spans 193 cities in over 90 countries and interconnects with over 8,000 networks globally, including major ISPs, public cloud providers, SaaS services, and enterprises. We estimate that we operate within 100 milliseconds of 98% of the Internet-connected population in the developed world, and 93% of the Internet-connected population globally (for context, the blink of an eye is 300-400 millisecond…

>We estimate that we operate within 100 milliseconds of 98% of the Internet-connected population in the developed world, Am I missing something here? For Reference; A one way New York to Hong Kong connection takes roughly 110ms.

I think they mean 100ms real latency. HK-NY might be 110ms in theory (or if you have your own infrastructure), but a NY resident pinging a HK server will probably often average around at least 150-200ms.

Re: Cloudflare S-1

#340

Post by yosefzeev »

8bitchemistry wrote: post #312
yosefzeev wrote: post #307

So cloudflare basically fucks over 8chan over some skimpy mass shooting evidence, and now has a public offering as a corporate company? Get rid of free speech as internet police and sell stock and make millions?

The Free Speech Clause of the First Amendment prohibits only governmental, not private, abridgment of speech. [1] A CDN is hardly the Internet Police. [1] https://www.supremecourt.gov/opinions/18pdf/17-1702_h315.pdf

Irrelevant. The Supreme Court is wrong in its decision in that case, and that interpretation of the First Amendment is equally incorrect.
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