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$RBLX. First - what an epitome of long term thinking. A 31 year-old vision of the metaverse in the making.
@Octahedroncap Core Insight
Big scale AND big engagement. Scale could likely 3x-4x from here to get to 100m DAUs.
Eye-popping engagement. Seriously.
More content > more Engagement > more content = platform sustainability.
Huge developer focus (455 appearances of the word developer in the S-1)
Developers can create real livelihoods on $RBLX
Developers internally compete to build better experiences and games for consumers.
Subsequently, the "quality" of the platform has become better over the last 24 months...
All this has resulted in some spectacular numbers. Free Cash Flow FTW!
Clearly, a nice bump from COVID-19, but no reason ABPDAUs could not 2x (at least) from here....
Product velocity seems to be accelerating...
And cohorts seem to be getting better...
Therefore, bookings could 4x over time. aka. the metaverse may be futuristic, but the cash flows & subsequent equity value creation is very real.
Congratulations @DavidBaszucki + team ( @craigoodle and others) on all the success, and to make your 31-year metaverse vision *very* real. All the best on your public market journey!
