Anyone know why this is so popular and getting upvoted?
Because they are the ones who blamed Russia for the DNC hack:
https://en.wikipedia.org/wiki/CrowdStrike#Russian_hacking_in...
CrowdStrike S-1
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Re: CrowdStrike S-1
#12Crowdstrike seems very well-connected politically. The DNC chose to have them forensically examine their hacked servers to the exclusion of the FBI .
George Kurtz is not a Democrat. Crowdstrike is also a giant in this field. I assume the connection is, the DNC wanted to go with a safe, big name.
Re: CrowdStrike S-1
#13Re: CrowdStrike S-1
#14Earlier quoted context omitted.
Because it's yet another very unprofitable company's IPO... with a potential "profit window" in 10 centuries, when flying cars are a reality, robots take over the earth etc. And all of this doesn't matter because the US has injected so much money with QE and so on the economy that even an American kid's 10 year old lemonade shop is worth a few billions.
Are such IPOs any indicator of economic downturn to come?
A whole vat of them in one year? Yeah, probably. Means they likely foresee difficulties securing public investment beyond the near term if they don't IPO ASAP.
Also means I'm not buying into any of them until the market slams, which I think is a common theme among many buyers considering the ever-intensifying downtrend in IPO day-1 closing price dips.
Re: CrowdStrike S-1
#15Anyone know why this is so popular and getting upvoted?
HN has quite a few infosec professionals who have obtained a fair bit of swag and gotten reasonably drunk on CrowdStrike investors' dime at various security conference booths/events/parties. The SG&A line item in their financials is relevant to their interests. Specifically, their sales/swag/booze operation cost over twice as much as their R&D operations ( $172MM vs $84MM in 2018 ). Or, to put it another way, getting…
It is extraordinarily silly to suggest that "swag" and "booze" are serious contributors to Crowdstrike's SG&A expenses, considering that SG&A covers their entire sales and marketing teams. SG&A exceeding R&D is not exactly an anomaly among enterprise tech companies.
Oh, also? Crowdstrike sells endpoint software subscriptions, not "blinky boxes".
Re: CrowdStrike S-1
#16Earlier quoted context omitted.
Because it's yet another very unprofitable company's IPO... with a potential "profit window" in 10 centuries, when flying cars are a reality, robots take over the earth etc. And all of this doesn't matter because the US has injected so much money with QE and so on the economy that even an American kid's 10 year old lemonade shop is worth a few billions.
Are such IPOs any indicator of economic downturn to come?
If that was the case, then the parent would have already been on their way to open a $10bil valued lemonade stand, instead of posting about it.
Re: CrowdStrike S-1
#17Crowdstrike seems very well-connected politically. The DNC chose to have them forensically examine their hacked servers to the exclusion of the FBI .
George Kurtz is not a Democrat. Crowdstrike is also a giant in this field. I assume the connection is, the DNC wanted to go with a safe, big name.
Political connectedness exists on many spectrums other than the usual Red vs Blue. An interesting one you can see from the outside (that might not have anything to do here, it's just an example) is CIA vs NSA. You can see Nancy Pelosi's statements back that look like "we've always been at war with East Asia" and "we've never been at war with East Asia" wrt to the intelligence apparatus depending on which agency screwed up.
And Dmitri Alperovitch seems to see the shadows of the Russian political establishment everywhere he looks, though, which makes Crowdstrike an... interesting choice for that work.
Edit: added the top paragraph.
Re: CrowdStrike S-1
#18Is it unusual that on $313M ARR, the CEO’s yearly compensation, including options, is… $44.9M? CEO pay is 15% of total revenue?
Re: CrowdStrike S-1
#19Crowdstrike seems very well-connected politically. The DNC chose to have them forensically examine their hacked servers to the exclusion of the FBI .
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Re: CrowdStrike S-1
#20Crowdstrike seems very well-connected politically. The DNC chose to have them forensically examine their hacked servers to the exclusion of the FBI .
George Kurtz is not a Democrat. Crowdstrike is also a giant in this field. I assume the connection is, the DNC wanted to go with a safe, big name.
Crowdstrike's analysis of the DNC servers arguably started national discussion of the "Russiagate" controversy. A tin-foil-hat wearer could interpret their actions as serving whoever has a vested interest in Russiagate.