Research
And so we get to our 2018 pick for Ira Sohn, which is Box. So why Box? For a bunch of reasons. The first and foremost is that they sit on top of an enormous amount of [artificial intelligence] R&D that these internet giants [Amazon and Google] are already doing . . . And they do three very simple basic applications with all of this infrastructure that has been built for them. They give companies the ability to add intelligence to imagery, to audio, and to video . . . When you layer this AI-led digital transformation, what we think is going to happen, is very similar to the last decade, we’re going to see, on average, 20-25% compounding in their revenue, we’re going to see an expansion of all of these verticals, we’re going to see an expansion of ARPU driving value-added services, and we think we’re going to see even a modest multiple expansion over the next 5 to 10 years, and when that happens, what you see is a business that can be extremely valuable. Box can be a 10x in 10 years.