Domo is not "hot" because they have some huge business blossoming out from underneath them. They are "hot" because they have raised and spent an enormous amount of money to get on your radar. Will they pull off they IPO? There's a lot not to like: the huge losses, the relatively slow growth, the non-enterprise retention rates, the presumably high CAC, the $12M in FY18 churn, and the 40x voting rights, just for starters. However, on the flip side, they've got a proven charismatic entrepreneur / founder in Josh James, an argument about their enterprise customer success, growth, and penetration (which I've not had time to crunch the numbers on), and an overall story that has worked very well with investors thus far.