One of my companies, Agora.io, went IPO on NASDAQ
two Fridays ago with the ticker API (I love the ticker name!)
Tony Zhao, founder and CEO of Agora.io is one of the most underrated CEOs. He founded Agora in 2014, with a vision to provide the best voice and video as a service to developers worldwide. Think Zoom + Twilio as a service. Tony was the founding engineer at WebEx, the grandfather of all video conferencing.
What does the rise of Agora really mean for the industry?
As Fred Wilson would say apps inspire infrastructure, then infrastructure enables new apps. Every decade, we see one major platform shift because of one breakout app. Facebook for 2000s. WhatsApp for 2010s. Zoom for 2020s.
These breakout apps inspire a period where we build infrastructure that makes it easier to build similar apps, and infrastructure that allows the broad consumer adoption of those apps. After all, not everyone feels comfortable running their entire business on Zoom.
In this case, Agora.io empowers over 180,000 apps including:
- New social app - online dating
- Education - COVID savior
- Entertainment - online karaoke (oh yes there is such thing!)
- Gaming - more Twitchs are coming
- Enterprise (sales, customer service, collaboration)
- Financial services
Congrats to Tony, Reggie, and your amazing team for the successful IPO yesterday. I am honored to play a small part in your journey. To the video-first future!
Here are the top mobile news this week >
- App revenue - $50B!
- Statistics - 14 billion games were downloaded
- Apple - Web API privacy issues
- India - China app ban
- India - Foxconn to invest $1 billion in India
- Uber - Postmate acquisition
- Meme - 👁👄👁
- T-Mobile - Shuts down Sprint’s 5G network
- Quibi - 10% retention. That sucks