DigitalOcean Receives $50M in Funding
businesswire.com
DigitalOcean Receives $50M in Funding
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Re: DigitalOcean Receives $50M in Funding
#2Maybe the title can mention that this 50 million is a credit facility, not equity funding.
Re: DigitalOcean Receives $50M in Funding
#3Maybe the title can mention that this 50 million is a credit facility, not equity funding.
So what is that to us who don't speak English natively, a loan?
Re: DigitalOcean Receives $50M in Funding
#4Is digital ocean profitable ? Is the 5 dollars server killing them or putting them on top of chart ?
Re: DigitalOcean Receives $50M in Funding
#5Is digital ocean profitable ? Is the 5 dollars server killing them or putting them on top of chart ?
Yes. Since the second half of 2012. Source: http://dealbook.nytimes.com/2014/03/06/andreessen-horowitz-b...
They're hardly the only VPS provider offering that price point. (Although it's true, many of the others have a slightly fly-by-night look about them. But by no means all of them.)
Re: DigitalOcean Receives $50M in Funding
#6Re: DigitalOcean Receives $50M in Funding
#7Earlier quoted context omitted.
So what is that to us who don't speak English natively, a loan?
Yes, it's money now in exchange for money in the future, vs money now in exchange for ownership.
Sort of. It's a "line of credit" which, ideally, means potentially money now in exchange for potential future money, more like an overdraft than a loan.
That is, they shouldn't be paying interest on $50m sitting in their bank account right now, but would instead pay interest on what of the $50m they actually choose to use. I don't know if it's different in the US though.
I recall Richard Branson mentioning this sort of arrangement a lot in his autobiography as to how Virgin managed to keep going.
Re: DigitalOcean Receives $50M in Funding
#8It blows my mind that this is happening. Back in the day, there were a thousand cheapo VPS providers out there with similar rates. But DO were the ones to put up an extremely simplified interface to spinning up VMs and that has seen them skyrocket (I'm not saying this is a bad thing).
At the end of the day, I feel sorry for linode. The guys who offer a much better service (in almost every way) and are often overlooked by many customers.
Re: DigitalOcean Receives $50M in Funding
#9Earlier quoted context omitted.
So what is that to us who don't speak English natively, a loan?
Yes, it's money now in exchange for money in the future, vs money now in exchange for ownership.
Wouldn't this be a better deal than money in exchange for ownership? I mean, they get the money and still have control of the company.
Re: DigitalOcean Receives $50M in Funding
#10Awesome, maybe now they can afford to accept debit cards.