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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.
Most of the recent "hip" devops tools replace 100 lines of homegrown python with 10000 lines of lock-in and hype.
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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.
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).
Is there an article on this or something?
@5:40 -
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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.
Where's the innovation compared to LXC and wget?
You don't have to invent new tech. Better UX counts as innovation, enough to be worth billions. Your reply reminds of the infamous Dropbox HN comment that said it was nothing more than FTP with SVN.
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I know of orgs who are writing 7 figure checks to Hashicorp without batting an eye. They are seeing rapid adoption in large enterprises who are willing to pay for it https://stackshare.io/terraform https://www.hashicorp.com/blog/category/case-study/ It seems like you don't think the value is there, and I supposed for some use cases that may be true, but I assure you they're getting paid for the value they're deliveri…
How many checks does it take to payback $175M? The VC treadmill is concerning for many tech companies.
So a $550M annual run rate would mean the VCs make money at a 10x valuation in a normal market.
At 100x it is $55M.
Microsoft trades at 27, Atlassian at 127, Zoom at 1100 (!)
(I assume you realise that VC money isn't a loan and you don't "payback" the money you take. They expect a return when the company has a liquidity event, ie floats or is bought)
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How many checks does it take to payback $175M? The VC treadmill is concerning for many tech companies.
Public market valuations for tech companies are generally 10x-100x forward earnings or higher (often much much higher. Zoom is over 1000 at the moment). So a $550M annual run rate would mean the VCs make money at a 10x valuation in a normal market. At 100x it is $55M. Microsoft trades at 27, Atlassian at 127, Zoom at 1100 (!) (I assume you realise that VC money isn't a loan and you don't "payback" the money you take.…
EDIT: Since you've changed your comment, I'll re-ask my original question: How many checks will it take to get to $500M run rate? It's a high goal for infrastructure companies.
Insanely cool that they are able to do it in this incredibly volatile market.
I suspect that the deal was signed earlier and this is just the press release.
Liquid capital needs productive assets, and fed-backed crazy town might not be the place for it.
Hashicorp also has awesome and sticky products, and they have earned whatever they got. With Vault, they got people to adopt their defacto HSM, without the friction of selling hardware, and all the benefits of being the root of trust in each enterprise. Everything about that company is f'ing brilliant, imo.
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Public market valuations for tech companies are generally 10x-100x forward earnings or higher (often much much higher. Zoom is over 1000 at the moment). So a $550M annual run rate would mean the VCs make money at a 10x valuation in a normal market. At 100x it is $55M. Microsoft trades at 27, Atlassian at 127, Zoom at 1100 (!) (I assume you realise that VC money isn't a loan and you don't "payback" the money you take.…
$175 is round E, not the valuation nor the total money raised. 10x forward earnings would mean a $500M run rate to just equal this valuation and breakeven to these latest investors. EDIT: Since you've changed your comment, I'll re-ask my original question: How many checks will it take to get to $500M run rate? It's a high goal for infrastructure companies.
It's a private company, so revenue has to be guessed.
Puppet (Hashicorp competitor, and I think most would agree smaller competitor) announced "approaching" $100M revenue in early 2017[1].
Given Hashicorp's tempo in raising money it looks like they are hitting goals, so their growth rate must be ok.
Based on that it's not difficult to imagine Hashicorp is at $300M+ now?
[1] https://www.oregonlive.com/silicon-forest/2017/04/puppets_ce...
None of us even received a reply, and from what I've heard this isn't unusual. I'm always a bit flummoxed as to what companies like this want when they somehow even develop a reputation for ghosting.
Vault is cool though I guess. Maybe they just get that many applicants.
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I know of orgs who are writing 7 figure checks to Hashicorp without batting an eye. They are seeing rapid adoption in large enterprises who are willing to pay for it https://stackshare.io/terraform https://www.hashicorp.com/blog/category/case-study/ It seems like you don't think the value is there, and I supposed for some use cases that may be true, but I assure you they're getting paid for the value they're deliveri…
My viewpoint is based on the products they're competing against: - Their OSS offerings - Other OSS offerings like Istio, Ansible, Conjour, and Kubernetes - Hybrid cloud solutions like Outpost and Anthos Additionally, I think HashiCorp not embracing kubernetes and trying to push Nomad was a huge miscalculation. None of their products have particularly noteworthy integrations with it, with the community picking up the…
Nah, embracing kubernetes is the miscalculation that every other company is making. It's a dead end. This part they're doing right. (Not saying I'm fond of nomad, but kube is absurd.)