What's 🔥 in Enterprise IT/VC #283
🐳 Docker's comeback story, 10M devs + growing
Don’t you love comeback stories? Docker, left for dead in November 2019, as it sold its
enterprise business to focus on developer tooling is alive and well and now worth $2 Billion. Kudos to the team for fighting through the tough times.
Here are some stats from its blog post:
Monthly active: 16 million
Registered developers: 10 million
Registered Docker Hub applications: 14 million
Downloads per month of Docker Engine: 35 million
Paying customers: 56,000
Customer profile: 70% of Fortune 100, 9 of top 10 tech cos, 8 of top banks…
ARR growth: 4x YoY
It sounds like the future includes some of the GitLab playbook where developer first security is one of its most important modules.
In addition to such productivity improvements, we will increase our investments in helping developers build secure applications “auto-magically” by default using their existing tools, workflows, and trusted content.
Congrats again!
Shifting gears, here’s a reminder for all of us in the startup ecosystem to continue to keep an open mind no matter how much experience we gain.
Finally stay tuned for Miami Tech Week April 19-23 - lots of folks coming to check out what’s so amazing here!
As always, 🙏🏼 for reading and please subscribe if you have not done so already!
Scaling Startups
💯 also wrote about it here a long time ago “Cutco Knives and startups”
YC stats for demo day this past week
on talent
Aggressively promoting your most effective employees is the operator equivalent of VCs doubling down on their best investments. Load up once you have a known winner.
plus my two cents which many folks don’t do
My only comment on Fast - more about employees and investors doing their diligence and homework on the people they are funding or working with 🧵
Enterprise Tech
Reminder for all developer first and PLG founders - there’s no skipping steps!
And don’t forget this
Great profile and podcast with Daniel Dines (co-founder and CEO of UIPath) from Bessemer - love his instincts and even though the stock took a hit this past week, the company is on a path to $1B ARR which is simply amazing
“In tennis, when you play someone who isn’t more skilled than you, but has more hype, it can shake you. You can lose your confidence and focus and end up losing the match. I’ve seen it happen many times,” he says.
“When Blue Prism went public, I still knew our technology was better,” says Daniel. “Because there is no way some random engineers out of Romania could build a company that beat out some public companies without better technology.”
Daniel insists that as a leader and as an athlete, you have to be in the moment and listen to your gut feelings. “Don’t overthink. When you overthink, it’s not going to work. But if you trust yourself, you’ll do the right things.”
“It doesn’t matter if your competitor is 10 times bigger than you,” he continues. “We were up against Automation in Europe, a company that was 20 to 50 times bigger than us in terms of revenue and number of people in 2015. It doesn’t matter. If you are on the right trajectory at some point, and your growth rate is higher, at some point you meet them and then you jump ahead of them.”
“To me, the lesson is, don’t be intimidated by big guys in this,” says Daniel, whose market capitalization today is roughly 15x Blue Prism’s.
Congrats Sergei and AtomicJar - awesome when one can graduate into the “Adopt” phase on the thoughtworks Tech Radar with SwiftUI
Okay, I just woke up to some great news, so I can call it a week earlier 😍 @testcontainers just moved from "Assess" to "Adopt" in @thoughtworks' Tech Radar 🤯🥳🎉 thoughtworks.com/radar/language… Thank you, ThoughtWorks! @martinfowler's ideas are all over the ideology of it 🤗
Lots of opportunity for crypto security with the $625M Axie Infinity Ronin Network hack - this below is mind boggling and excited to be working on a new crypto security opportunity which is coming soon
One thing that must be emphasized: the Axie Infinity hack occurred on March 23. Sky Mavis became aware of it this morning, March 29, after a report from a user having trouble withdrawing funds. The equivalent of $625MM was missing for SIX DAYS before they realized it.
along with the Discord hacks for Bored Aped, Doodles and more
💯 and much better security needed
All 25 YC Crypto companies here…
😂
Markets
Have we hit a bottom in ☁️ multiples yet?
Ned Johnson, CEO of Fidelity Investments and a legend in the investment world, passed away this past week. Andrew Ross Sorkin covers how he pioneered the mutual fund and his key hire Peter Lynch helped bring the middle class into stocks…
“It’s hard to overstate how important Mr. Lynch was in bringing the middle class to the stock market. It wasn’t just that his record was off the charts — the Magellan Fund recorded a 29 percent average annual return in the 13 years he ran it, between 1977 and 1990, with nary a down year. It was also that Mr. Lynch did it while making stock-picking seem like something anyone could do if they just used common sense. He demystified the market for millions.
Mr. Lynch, now 78, famously invested in Hanes because he saw his wife buying the company’s L’eggs pantyhose at the supermarket. He called his big winners “ten-baggers.” He used to say, “I like to buy a business that any fool can run because eventually one will.”
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