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Cloudera shares finished up more than 20% on Friday, in its first day of post-IPO trading. A few quick takeaways from an Axios conversation with company co-founder, chief strategy officer and former CEO Mike Olson:

Enterprise evolution: "The at long last willingness of enterprises to deploy in the public cloud is good news. Our first offering was a managed cloud big data platform but we couldn't get any big enterprises to buy from us in 2008. Our ability now to deploy on Amazon and Azure and Google means the hardware purchase friction is no longer applicable. We focus on the Global 8,000, because they have most of the data and most of the interesting data problems."

Timing: "When Intel did the strategic investment it really removed the urgency around the IPO in that we didn't need to raise money. But real companies go public and we were going to do it sooner or later. We made the decision around six months ago."

Did Intel offer to buy Cloudera? "I'm not going to comment on that."

Comp spin: "The huge investment IBM is making in Watson benefits us because it introduced a lot of our concepts to large enterprises, but I think Watson is much more of a branding exercise than a tech offering."

Culture: "I have told everyone in the company to ignore the stock price, and I'm sure that everyone is refreshing the stock price every 15 minutes or so. That will fade. Really the message I've shared is that most of the value in successful companies like Oracle is created after the IPO."

Go deeper

1 hour ago - World

Netanyahu and Israel reluctantly adjust to a post-Trump Washington

Netanyahu (R) and Biden in 2010. Photo: Avi Ohayon/GPO via Getty

Prime Minister Benjamin Netanyahu and his close aides are very nervous about the transition to a new U.S. administration after a four-year honeymoon with Donald Trump. One Israeli official told me it felt like going through detox.

What he's saying: Netanyahu congratulated Biden minutes after he was sworn in, saying in a statement that he looked forward to working together to "continue expanding peace between Israel and the Arab world and to confront common challenges, chief among them the threat posed by Iran."

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. State of play: New coronavirus cases down, but more bad news ahead.
  2. Politics: Biden set to immediately ramp up federal pandemic response with 10 executive actions — Scoop: Joe Biden's COVID-19 bubble.
  3. World: Biden will order U.S. to rejoin World Health OrganizationBiden to bring U.S. into global COVAX initiative for equitable vaccine access.
  4. Vaccine: Amazon offers to help Biden administration with COVID vaccine efforts.
Dion Rabouin, author of Markets
3 hours ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.