Balaji Srinivasan’s Top 5 Investments, Portfolio and Ideas

In this article we will take a look at Balaji Srinivasan’s top 5 investments, portfolio and ideas. You can skip our detailed analysis of these companies and go directly to Balaji Srinivasan’s Top 10 Investments, Portfolio and Ideas.

5. DigitalOcean Holdings, Inc. (NYSE: DOCN)

DigitalOcean Holdings, Inc. (NYSE: DOCN) is a New York-based cloud computing platform that has data centers all over the world to help provide developers services they need to scale applications. The company was founded in 2012 and received the backing of Srinivasan in venture capital. It managed to raise more than $455 million in funding before going public, including $50 million in May 2020. Andreessen Horowitz and Access Industries were leading investors in the startup before its initial public offering last month. 

DigitalOcean has a market cap of more than $4.2 billion and it posted more than $318 million in revenue in December 2020. The shares of the firm sank in the first few days after the IPO but have since bounced back and stabilized. The cloud services market is highly saturated with big players like Amazon already controlling a huge chunk of the market. However, DigitalOcean aims to compete with these big players by offering a superior quality of services that are at the core of its business philosophy that stresses the importance of simplicity in everything.