In a way, this can be viewed as a replay in a long history of Event Processing and Real-Time Enterprise blips/trends. It's not easy - and the end use case has to pay its way. In the years it takes you get to be a real company - and $1B/y is just that, as your story notes - new approaches come along.
Great article, I sold all my Confluent stock last year after 3 years of waiting around. It never recovered.
Also, love the footnotes. Let's you touch on something without needing to go on a tangent in the body of writing and follow up later.
Thanks! Huge fan of the footnotes too, my favorite feature of Substack.
I ditto sold the last I had in 2024. This was around the first time I properly identified the trajectory. Coincidentally I quit around that time too
In a way, this can be viewed as a replay in a long history of Event Processing and Real-Time Enterprise blips/trends. It's not easy - and the end use case has to pay its way. In the years it takes you get to be a real company - and $1B/y is just that, as your story notes - new approaches come along.
I'm not sure there are any new approaches that supercede the current approach. Nobody I know is seriously outcompeting $CFLT -- it's just topping out