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Evidence for the boring company thesis: Service Now - $50B Workday - $44B Veeva - $24B Palo Alto Networks - $21B Splunk - $20B These are among the top 15 Bay Area exits of the last decade, have $150B in collective market cap, and they get almost no popular press.
my favorite example of this is Veeva's wikipedia page contains ~60 words about the company and yet had nearly a billion in revenue last year.pic.twitter.com/eAZHQ3heN9
Moreover, the company only raised $4M before going public. It's one of the biggest success stories of the last decade, but almost never discussed.
IMO its a symptom of the broader phenomenon of not enough people talking about, celebrating and encouraging capital efficiency
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