Hype and plunder: Domo a new low for self-indulgent IPOs

Post by untog » Tue, Jun 05, 2018, 3:45 PM UTC

jmull wrote: post #22

I take this as one of the two central themes of this article: "...points to a persistent flaw in Silicon Valley financing: the willingness to give start-up founders unassailable control of their companies, to the point that investors have no recourse if things go blooey." That's not a flaw, it's a fundamental part of how it is meant to work. The investors generally don't want to invest in companies run by a committee…

Post by pm90 » Tue, Jun 05, 2018, 3:47 PM UTC

dpark wrote: post #29

> Domo actually is part of the Salt Lake City region’s “Silicon Slope,” one of several regional offshoots of Silicon Valley. Going off on a tangent, this is really dumb. It’s not an “offshoot” of Silicon Valley. It’s a distant, unrelated region that happens to also have a tech industry. Are Austin, Seattle, and Portland also “offshoots” of Silicon Valley? How about New York? Zurich?

Post by MrBuddyCasino » Tue, Jun 05, 2018, 3:50 PM UTC

thisisit wrote: post #9

I first heard of Domo last year when we were trying to find a better alternative our BI system. And boy, we were in for a ride. The first warning sign was that their pitch was full of cool sounding words. They kept referring to the product as a "cloud based operating system", whatever that meant. When we asked them to demo, their presales consultant struggled to create anything other than a canned demo. Personally, I…

Post by numbsafari » Tue, Jun 05, 2018, 3:54 PM UTC

sologoub wrote: post #16

thisisit wrote: post #9

I first heard of Domo last year when we were trying to find a better alternative our BI system. And boy, we were in for a ride. The first warning sign was that their pitch was full of cool sounding words. They kept referring to the product as a "cloud based operating system", whatever that meant. When we asked them to demo, their presales consultant struggled to create anything other than a canned demo. Personally, I…

> When we asked them to demo, their presales consultant struggled to create anything other than a canned demo. The opposite experience is what sold me on Looker - super competent team and very clear in how “the magic works”. All logic and queries are right there to copy/paste into your own editor to fiddle with if you so choose, or use the built-in SQL runner. At the same time, non-tech users need not worry about suc…

Post by twunde » Tue, Jun 05, 2018, 4:02 PM UTC

cowpig wrote: post #30

Why isn't something like buying goods and services from a company you (or your brother) own with investor money illegal? Unless I'm missing a reason why that would be ok, that should be criminal? And then I don't understand the link between founder control and unethical behaviour. I've seen plenty of cases of corruption in investor-controlled companies. The article doesn't even attempt to make a concrete connection d…