Thoughts on the next FAANG-grade companies!

Amazon / Product
thrufly

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Oct 31, 2018 30 Comments

Trying to crowdsource opinions on which companies will become next generation of FAANG-grade companies. The way I’m looking at it, I’d put Salesforce, PayPal and other $100B+ marketcap enterprises with 2000%+ growth over the last decade into this bucket. Trying to learn about companies across the US; especially orgs that have past series B funding. Doesn’t matter if the company is public.

Please declare your predictions, especially if you’re currently working for such company and/or if you’ve interviewed with companies where you saw tremendous growth, talent, culture and vision.

Share the location, what you feel like the growth will be ($B market cap in 5-10 years) and your rationale (if you have time). Again, emphasizing post series B.

Personally: Stripe and Lyft (only interviewed with them). Great impression of their leaders, lots of talent at least on product side (perceived), and tremendously large growth potential in their current operating segments.

Unfortunately, I did not get offers from them... otherwise, I would’ve chosen those two companies over Amazon even if TC would’ve been lower. I wish I can tag more to cast a wider net for traffic!

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TOP 30 Comments
  • Oracle 04d9dk
    It's ok, didn't tag me and I still saw this.
    Oct 31, 2018 0
  • Amazon Chad_
    Lol PayPal
    Oct 31, 2018 0
  • Instacart USxT18
    Personally, stripe, coinbase, instacart, snowflake, opendoor and flexport have tremendous growth potential.
    Oct 31, 2018 4
    • Amazon / Product
      thrufly

      Amazon Product

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      OP
      What’s it like working at instacart? 1 yr+ after WFM acquisition, do you feel like there are concerns around how else to grow?
      Oct 31, 2018
    • Amazon / Product
      thrufly

      Amazon Product

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      OP
      I’m so sorry Free$$$. its so easy so I can’t resist but ask: is that why you went Nextdoor? 😆 In all seriousness I do agree with liquidity risks that opendoor business model poses (implied in your comment)
      Oct 31, 2018
    • Shopify / Eng 38d
      Probably not Coinbase no? Crypto is a bust
      Nov 1, 2018
    • Amazon / Product
      thrufly

      Amazon Product

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      McKinsey, BCG, Bain & Company
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      OP
      38d: I don’t know if crypto is a bust. Blockchain, I think there’s quite a huge potential. For crypto, I think there’s enough demand to grow/maintain wealth without central authorities through an alternative asset class. Why can’t we have cryptos when nations and people hoard physical gold in the trillions? Lol With regards to coinbase, I think if the leadership, talent and culture is great they can always pull a “Slack” story. Leverage pieces of what they built and pursue a different product market fit. What are your thoughts on Shopify? From the outside they certainly seem to be pursuing PayPal/square/stripe model of growth, but for online shopping obviously.
      Nov 1, 2018
  • Salesforce who date
    Stripe seems solid. Salesforce doesn’t value engineering enough. Too many retired in place senior engineers and non technical managers. Salesforce tech and product is maintenance and marketing with innovation coming through acquisitions.
    Oct 31, 2018 2
    • Amazon / Product
      thrufly

      Amazon Product

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      OP
      From the outside, Salesforce does seem that way. But wondering if Salesforce can more aggressively target traditionally Oracle, Msft and SAP-heavy markets. Having been exposed to multiple salesforce-acquired software I’m curious about “synergetic” growth it can achieve by offering a wider suite of solutions in the enterprise market (I think using the word synergetic is actually appropriate in this case). Salesforce’s venture arm seems to have its money in quite a few promising companies, too!
      Oct 31, 2018
    • Amazon / Product
      thrufly

      Amazon Product

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      OP
      And yes... super impressed by Stripe’s team.
      Oct 31, 2018
  • Amazon / Eng ‘Zonian
    I wouldn't be putting my money on Salesforce and PayPal becoming the next FAANG-grade companies, that's for sure.
    Oct 31, 2018 0
  • Why would you say Lyft but not Uber? Uber is bigger and better in every way except reputation.
    Oct 31, 2018 6
    • You can't really compare revenues because they're both in growth mode right now. Uber has higher market share in every place they're competing, and is also in more places around the world as well as more lines of business. Because of that I think Lyft is overvalued in comparison to Uber.
      Oct 31, 2018
    • Amazon / Product
      thrufly

      Amazon Product

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      OP
      You’re saying Uber should have a higher valuation multiplier than Lyft despite Lyft’s revenues growing faster than Uber’s bc of winner-take-all nature of their primary business + Uber having invested more eggs in different baskets? I can see that logic, but have a hard time imagining how much more Uber can grow beyond their $120B market cap. You’d have to believe that Uber has the potential to join the trillion dollar club.
      Oct 31, 2018
    • I do believe that. Transportation is a trillion dollar industry and there's plenty of room, so I don't agree it's a winner take all business.
      Oct 31, 2018
    • Lyfts revenue is growing faster simply because they're entering more new markets they weren't in before, while Uber is already everywhere. They're not necessarily taking business from Uber, because ride sharing has not reached market saturation since commuters have plenty of other options to get around.
      Oct 31, 2018
    • In places where they're both established, Uber has bigger market share and keeping it, despite Lyft spending more on promotions.
      Oct 31, 2018
  • Netflix login
    I like this topic. To me the next FANG quality companies would have the potential to disrupt an industry or create an entire new industry. I don't have specific company names, but industries that are poised for disruption are healthcare and real estate. So much inefficiency in those 2 industries imho. Alot of tech companies have entered those spaces recently but nothing wowing yet.
    Nov 1, 2018 3
    • Amazon / Product
      thrufly

      Amazon Product

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      OP
      How about Airbnb, WeWork, Opendoor and Zillow (with their new strategy) for real estate? I know Airbnb is more travel right now, but they must know a thing or two about how to become a successful leasing business. “Everyday should be an experience worth living. Airbnb apartments”. For healthcare privacy, regulation and legacy systems are huge blockers... so I agree with you. Most FAANG-like companies are likely working on healthcare projects and they certainly have clout (read money bag 💰 in this case) to start learning about it. Aws healthcare cloud, google brain, even Apple Watch are a few that come to mind. If successful, current generation of these mega tech companies may continue to reign for yet another decade+.
      Nov 1, 2018
    • Netflix login
      Yes, each of those industried has its own challenges. The problem with having big companies branching off to disrupt another industry is that they will do a half ass work like how Google has been doing with many of its business lines: fiber internet, cell phone plans, google health, etc... They don't have focus and do-or-die mentality in those business lines. So with their deep pockets, most likely they will try to acquire potential disrupters. But that also means the fate of such FANG-quality companies would be in question as well after acquisition.
      Nov 1, 2018
    • Amazon / Product
      thrufly

      Amazon Product

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      OP
      Touché!
      Nov 1, 2018
  • Microsoft Lmjt68
    What's a FAANG and who cares?
    Oct 31, 2018 3
    • Amazon / Product
      thrufly

      Amazon Product

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      OP
      MAANGO works too. I’m sure some people care. My intent was to get people’s opinion on emerging rocket ship career opportunities that’s becoming more mainstream and/or apparent. Didn’t mean to stroke/play to any ego!
      Oct 31, 2018
    • Microsoft Lmjt68
      This was more of a jab at Cramer picked 4 random tech stocks as potential good investments (not necessarily good tech or good place to work at) but you are now using it to pick unicorns so are you looking at next FANG stocks or unicorns or places to work?
      Nov 1, 2018
    • Amazon / Product
      thrufly

      Amazon Product

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      OP
      Super point. It is very arbitrary... but so sticky... I’m looking out for emerging rocketships with good culture, leadership and strong sense of mission. I know, really vague. But whether for investing or job searching, keeping an eye out for these companies would be valuable. To directly answer your question, it’s all 3. Company Valuation is just a proxy for companies’ potential and perceived likelihood of these companies achieving the said potential based on what’s currently known of companies’ intent. To me, Blind is a great channel to hear from those who feel strongly that they are at these companies, or are currently pursuing opportunities at these companies. Would be great to get thoughts from people with strong opinions also. Hope you find the topic interesting though!
      Nov 1, 2018
  • Roku
    Mar 12 0
  • Amazon / Product
    🤪☺️

    Amazon Product

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    @thrufly OP, So, how is your hunt for your next gig progressing? Curious to know if you've identified any targets?
    Mar 12 0
  • Amazon / Product
    🤪☺️

    Amazon Product

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    Engineering + Analytics + Tech Entrepreneurship
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    Netflix and Salesforce, Im looking for a referral for PM jobs. Can you help? Sorry for the out of context post but couldn't help not reach out :)
    I'm also out of messages for the month, would appreciate if you can ping me best means to contact. Will work hard n smart to get you that referral money.
    Mar 12 0
  • eBay Rocketed
    Walmart e-commerce not the whole Walmart
    Oct 31, 2018 0