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HashiCorp Raises $175M at $5.1B Valuation

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Re: HashiCorp Raises $175M at $5.1B Valuation

#31

Post by time0ut »

carlosf wrote: post #15
rxin wrote: post #12

Earlier quoted context omitted.

You should take a look at Databricks, in all three dimensions.

Databricks is easily the best spent money in my stack. I also love Hashicorp's products, but unfortunately I'm not paying them anything. Before Terraform Cloud their enterprise offerings were quite bad IMO (no SaaS, had to talk with Sales, provision infrastructure yourself, high initial commitment, etc...). I will probably start using Terraform Cloud in a near future thought, just waiting for some key features to be…

I tried Terraform Cloud and went back to open source. I felt like it was a step backwards from Terragrunt. I'm only using it in the context of AWS though. I might try it again for a future project.

Re: HashiCorp Raises $175M at $5.1B Valuation

#32

Post by [deleted] »

derekchiang wrote: post #6

I had the chance to work with Armon as a contractor at HashiCorp when I was in college. Armon was absolutely one of the most down-to-earth leaders I've ever seen. Even though he was technically brilliant and I was only an undergrad, he never made me feel like I was stupid or inexperienced, but rather patiently guided me towards the best solutions, so I was able to gain a lot of confidence and grow a lot along the way…

[deleted]

Re: HashiCorp Raises $175M at $5.1B Valuation

#33

Post by manigandham »

amelius wrote: post #8
eeZah7Ux wrote: post #4

Earlier quoted context omitted.

Fantastic?! Hascicorp?!

It seems this company has a similar mode of operation as e.g. Docker: put a thin layer around Linux, and sell it as if it's something new.

That's not even true of Docker. Their business might have been poorly run but Docker containers as a universal package format and easily accessible over HTTP is a major innovation over what we had before.

Re: HashiCorp Raises $175M at $5.1B Valuation

#34

Post by Jgrubb »

rxin wrote: post #12
gz5 wrote: post #7

Their execution is impressive. Very impressive. And, execution is what often separates the leaders from the pack, rather than some "unique" aspects. However, HashiCorp seems unique in a few regards: 1. A pioneer in monetizing OSS via SaaS services. 2. Many successes. Can't think of a recent startup in this space with so many successes - can you? Sentinel, Consul, Terraform etc. 3. Arguably at the start of the curve,…

You should take a look at Databricks, in all three dimensions.

I have a major treat for you both if you haven't already listened to this A16Z episode with the CEOs of both companies - https://overcast.fm/+BlzGXPbI0

Re: HashiCorp Raises $175M at $5.1B Valuation

#35

Post by leetrout »

time0ut wrote: post #31
carlosf wrote: post #15

Earlier quoted context omitted.

Databricks is easily the best spent money in my stack. I also love Hashicorp's products, but unfortunately I'm not paying them anything. Before Terraform Cloud their enterprise offerings were quite bad IMO (no SaaS, had to talk with Sales, provision infrastructure yourself, high initial commitment, etc...). I will probably start using Terraform Cloud in a near future thought, just waiting for some key features to be…

I tried Terraform Cloud and went back to open source. I felt like it was a step backwards from Terragrunt. I'm only using it in the context of AWS though. I might try it again for a future project.

Would you mind sending your feedback?

terraform-cloud-beta@hashicorp.com

Re: HashiCorp Raises $175M at $5.1B Valuation

#36

Post by jen20 »

streetcat1 wrote: post #16

Just to note that the relative test code to production code ratio in Hashicorp products is 10:1 (10 lines of test for every line of code).

That seems unlikely to be true (I haven’t measured but worked there). Perhaps it’s true of Terraform where testing is verbose anyway, but it’s almost certainly not of Packer, for example.

Re: HashiCorp Raises $175M at $5.1B Valuation

#37

Post by dlevine »

derekchiang wrote: post #6

I had the chance to work with Armon as a contractor at HashiCorp when I was in college. Armon was absolutely one of the most down-to-earth leaders I've ever seen. Even though he was technically brilliant and I was only an undergrad, he never made me feel like I was stupid or inexperienced, but rather patiently guided me towards the best solutions, so I was able to gain a lot of confidence and grow a lot along the way…

One time quite a while ago, I randomly hung out with the Kiip team one day when there were like 6 of them. Mitchell struck me as a super nice guy, and at some point he randomly dropped the fact at some point that he wrote Vagrant.

I'm glad that they have done so well.

Re: HashiCorp Raises $175M at $5.1B Valuation

#38

Post by jdale27 »

aprdm wrote: post #19

I wonder why HashiCorp needs to raise more money as they seem fairly profitable and in a very good position in the market? Why dilute your stocks and ownership of the company?

No idea about their profitability, but doing a big raise before a recession to try and tide you through with minimal layoffs is probably not a bad idea. (Yeah, I'm sure this has been in the works for a while before the coronavirus hit the fan, but the signs of recession have been brewing for a while, bulls notwithstanding.)

Re: HashiCorp Raises $175M at $5.1B Valuation

#39

Post by adventured »

toomuchtodo wrote: post #29
manigandham wrote: post #27

Earlier quoted context omitted.

How many checks does it take to payback $175M? The VC treadmill is concerning for many tech companies.

Fortune 500 companies represent two-thirds of the U.S. GDP with $13.7 trillion in revenues, $1.1 trillion in profits, $22.6 trillion in market value, so there's money to be had in helping them accommodate cloud agnostic best practices through tooling. There are lots of companies that aren't tech companies, but who still need tech (insert the caveat "software eating the world", "all companies are tech companies", and…

They are a giant part of the US economy, however they don't represent 2/3 of US GDP, their sales are equivalent to that figure. These are global corporations that in many cases do business in nearly every country.

Many of the largest S&P 500 companies have 2/3, 3/4 or more of their business overseas. They're typically under-represented in the US domestic economy, as the US is ~22% of global GDP, and these are typically among the largest corporations in their segments.

Re: HashiCorp Raises $175M at $5.1B Valuation

#40

Post by toomuchtodo »

adventured wrote: post #39
toomuchtodo wrote: post #29

Earlier quoted context omitted.

Fortune 500 companies represent two-thirds of the U.S. GDP with $13.7 trillion in revenues, $1.1 trillion in profits, $22.6 trillion in market value, so there's money to be had in helping them accommodate cloud agnostic best practices through tooling. There are lots of companies that aren't tech companies, but who still need tech (insert the caveat "software eating the world", "all companies are tech companies", and…

They are a giant part of the US economy, however they don't represent 2/3 of US GDP, their sales are equivalent to that figure. These are global corporations that in many cases do business in nearly every country. Many of the largest S&P 500 companies have 2/3, 3/4 or more of their business overseas. They're typically under-represented in the US domestic economy, as the US is ~22% of global GDP, and these are typical…

Point taken! I still put forth that Hashicorp’s valuation is sound based on the market size and their lack of competitors.

I would invest my own funds into Hashicorp if I could at this valuation.

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