Tweet by eastdakota

September 27, 2025

When @Cloudflare went public I ran a little exercise: I took our market cap and divided it by the number of days since we launched. Market cap in so many ways is a terrible proxy for value actually created, but after you’re public it’s better than almost anything else. I smiled when I saw back then we’d generated $1.2 million in value every day, including weekends and holidays, from the day we launched until 9 years later when we IPOed. 😀 We just turned 15 today so, on a lark, I ran the numbers again today. We’re up to $13.8 million in value generated per day, including weekends and holidays. 🤯 What I’m struck by is that when we went public @zatlyn and I signed our founders’ letter that we were “just getting started.” Turns out that was more true than we imagined. What I didn’t appreciate was how much our rate of innovation and value creation could accelerate. There’s an assumption that as you get bigger you inherently get slower. There’s no reason that has to be the case. And I’m proud that @Cloudflare has proven you can innovate like mad at scale. Still just getting started. And I’ll take the over on any bet on our 20-year number. #zoomzoom

Author
eastdakota
Date
September 27, 2025
Open on X