Cloudflare’s journey is the story of how a spam-tracking side project among three founders blossomed into the invisible backbone of the internet, accelerating and protecting 20% of all web traffic worldwide. From its unlikely beginnings in law school to its game-changing freemium model, Cloudflare redefined internet infrastructure—fusing speed, security, and radical transparency into a global platform. Today, they’re not just powering websites, but shaping the future of edge computing, zero trust security, and cloud connectivity. Dive in to discover how relentless innovation and a mission to “build a better internet” transformed Cloudflare into a critical force behind our digital world—one whose best work happens so seamlessly, you might never even know it’s there

Transcript - https://empor.top/us/NET

• I. Introduction & Cold Open
• II. Project Honey Pot & The Origin Story (2004-2009)
• III. The Harvard Business School Summer & Building the MVP (2009-2010)
• IV. The Early Years: CDN Wars & Finding Product-Market Fit (2010-2015)
• V. The Platform Expansion & Enterprise Push (2015-2019)
• VI. The IPO & Going Public (2019)
• VII. The Modern Era: Zero Trust, SASE & AI (2019-Present)
• VIII. Competitive Dynamics & Market Position
• IX. Playbook: Business & Investing Lessons
• X. Bull vs Bear Case & Analysis
  • The Bull Case: Infrastructure for the Next Internet
  • The Bear Case: Priced for Perfection in a Competitive Market
  • The Synthesis: Execution Risk at Premium Valuation
• XI. Epilogue & Reflections