Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?
HashiCorp IPO today
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Re: HashiCorp IPO today
#12Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?
I assume this is sarcasm? If not - portability comes to mind.
Re: HashiCorp IPO today
#13Congratulations Mitchell, Armon, Dave, and everyone else at Hashicorp. We made a blog post to celebrate https://about.gitlab.com/blog/2021/12/09/congratulations-to-...
Re: HashiCorp IPO today
#14Their symbol is hcp instead of hash, what a shame.
Well, it is kind of a hash of their name, no?
Re: HashiCorp IPO today
#15Other then cashing in equity has anyone found that a IPO has made a place better or worse for the employees? Big fan of Hashicorp products btw
Better for your wallet, but worse for the job. The company changes. The type of people it attracts to leadership roles are not the kind of people you’d start a company with. They bring their “processes and methods” that they promise will scale the company and then they insulate themselves by hiring their friends to report to them. The culture is corrupt at this point and the technologists that built the company begin…
That seems… cynical. The sorts of processes and. Management needed for a larger company are different than those at a small one. You need more process. There’s no way around it.
Re: HashiCorp IPO today
#16Other then cashing in equity has anyone found that a IPO has made a place better or worse for the employees? Big fan of Hashicorp products btw
Better for your wallet, but worse for the job. The company changes. The type of people it attracts to leadership roles are not the kind of people you’d start a company with. They bring their “processes and methods” that they promise will scale the company and then they insulate themselves by hiring their friends to report to them. The culture is corrupt at this point and the technologists that built the company begin…
For what it’s worth the same people with the same sales pitch came in several years pre-IPO at my work. Ultimately they will come anywhere there is a lot of money to be made. Their replacements have their own processes and methods for scaling. Once those people move on the replacements will bring in a third round of this and so on.
Re: HashiCorp IPO today
#17Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?
Large tech companies that are paying hashicorp oodles of money, who get first class support from a really great team.
Re: HashiCorp IPO today
#18I think Hashicorp will enter monitoring next. Netdata would be a great fit (OSS, fat agent, huge metric granularity, deep infra and network insights)
What makes you think they will enter monitoring next?
Re: HashiCorp IPO today
#19Hah, no IPO bump. Does anyone know any detail about their deal with their bank? https://www.google.com/finance/quote/HCP:NASDAQ?sa=X&ved=2ah...
Could you explain what you mean by this? From their launch at 80, they pretty quickly went up to ~90, then dropped back to 83-84, which is up a few percent for the day. What sort of bump do you expect? (Legitimately, I'm not familiar with this sort of thing)
Re: HashiCorp IPO today
#20Hah, no IPO bump. Does anyone know any detail about their deal with their bank? https://www.google.com/finance/quote/HCP:NASDAQ?sa=X&ved=2ah...
My understanding is that an IPO bump is good for optics, and good for underwriters, but bad for company itself (money left on table). Is that right?
Only if the company is looking to really raise a lot of money in the IPO.
The bump and later positive price movements benefits employees and founders a lot, therefore helps in retention and lower compensation costs for new employees etc and also investors who sell .