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Oxide Computer raises $445M (SEC Form D)

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Re: Oxide Computer raises $445M (SEC Form D)

#31

Post by dkbrk »

Alien1Being wrote: post #11
bithavoc wrote: post #6

(VP of Eng here) I filled out their sales form last year and never heard from them. We're currently spending $900k/year on AWS, and they didn't even acknowledge my request. crazy stuff.

Logical. They probably will be aquihired by someone like Broadcom.

I doubt that. Oxide was founded by a bunch of ex-Sun people who have already been burned by the Oracle acquisition. If you read through what they say, their company values, and how they act, it's pretty clear their intent is to grow a sustainable long-term business and they're not looking for an exit.

Re: Oxide Computer raises $445M (SEC Form D)

#32

Post by TimTheTinker »

Alien1Being wrote: post #11
bithavoc wrote: post #6

(VP of Eng here) I filled out their sales form last year and never heard from them. We're currently spending $900k/year on AWS, and they didn't even acknowledge my request. crazy stuff.

Logical. They probably will be aquihired by someone like Broadcom.

I can't think of an outcome that would be more odious to Steve Tuck and Brian Cantrill. Brian in particular still talks about the soul-crushing experience of Oracle's hostile takeover of Sun Microsystems.

Re: Oxide Computer raises $445M (SEC Form D)

#34

Post by icedchai »

antonvs wrote: post #30
api wrote: post #20

Earlier quoted context omitted.

You are 100% correct but you’d be shocked at the mortal terror that “self hosting” inflicts in the minds of even people who should really know better. Also forget Dell. Check out DataPacket.com and other metal hosters. You don’t need to physically rack unless you are huge or have special hardware or security needs. The cloud industry has done an incredible job at a kind of soft pervasive propaganda that running stuff…

You’re expressing a very narrow engineer’s perspective that doesn’t consider the realities of managing bare metal hosting at any kind of scale. These are business decisions, made in terms of core competencies, capex vs. opex, and the difficulties and cost of building out a reliable, sustainable hosting operation that handles all the compliance and security requirements, and the full range of “ilities” that real busin…

There are also many shades of gray between "big cloud" AWS/Azure/GCP and "my own rack" bare metal hosting.

Re: Oxide Computer raises $445M (SEC Form D)

#36

Post by senderista »

dkbrk wrote: post #31
Alien1Being wrote: post #11

Earlier quoted context omitted.

Logical. They probably will be aquihired by someone like Broadcom.

I doubt that. Oxide was founded by a bunch of ex-Sun people who have already been burned by the Oracle acquisition. If you read through what they say, their company values, and how they act, it's pretty clear their intent is to grow a sustainable long-term business and they're not looking for an exit.

VC funding is not for "a sustainable long-term business".

Re: Oxide Computer raises $445M (SEC Form D)

#37

Post by jiveturkey »

bithavoc wrote: post #6

(VP of Eng here) I filled out their sales form last year and never heard from them. We're currently spending $900k/year on AWS, and they didn't even acknowledge my request. crazy stuff.

Well that isn't that much. $1M / month feels more like it.

Re: Oxide Computer raises $445M (SEC Form D)

#38

Post by aatd86 »

jiveturkey wrote: post #37
bithavoc wrote: post #6

(VP of Eng here) I filled out their sales form last year and never heard from them. We're currently spending $900k/year on AWS, and they didn't even acknowledge my request. crazy stuff.

Well that isn't that much. $1M / month feels more like it.

Forbid a business can grow, haha

Re: Oxide Computer raises $445M (SEC Form D)

#39

Post by zie »

senderista wrote: post #36
dkbrk wrote: post #31

Earlier quoted context omitted.

I doubt that. Oxide was founded by a bunch of ex-Sun people who have already been burned by the Oracle acquisition. If you read through what they say, their company values, and how they act, it's pretty clear their intent is to grow a sustainable long-term business and they're not looking for an exit.

VC funding is not for "a sustainable long-term business".

Depends on the VC. Some VC's are happy to own great businesses, even long term. Most are definitely vultures after a quick turn around. Mostly it has to do with where the VC gets their funding. Most VC's get their funding from offering a fund with a 2-5 year time-frame. Some are 10 yr funds, and some are long-term funds or are funded by a family office or two, which can be happy with great businesses long term.

Re: Oxide Computer raises $445M (SEC Form D)

#40

Post by Nextgrid »

ellieh wrote: post #14
bithavoc wrote: post #6

(VP of Eng here) I filled out their sales form last year and never heard from them. We're currently spending $900k/year on AWS, and they didn't even acknowledge my request. crazy stuff.

tbf they are probably looking for customers with cloud spend ending in 'm'

I wonder what's the selling point at that scale. If your ~monthly~ cloud spend ends in "M", you can easily justify hiring the talent needed to wrangle conventional bare-metal (in fact you can do so at much lower spends, but at these spends it becomes a rounding error).

Edit: my bad, read that as monthly instead of yearly. Still, a yearly spend of millions would still make sense to bring that in-house.

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