Investors at IPO lost quite a bit of money...
Had to check the numbers. IPO at $80 and sold to IBM for $35.
Not great for investors, but insiders benefitted a lot!
IBM completes acquisition of HashiCorp
11–20 of 407 posts
Re: IBM completes acquisition of HashiCorp
#12> By 2028, it is projected that generative AI will lead to the creation of 1 billion new cloud-native applications. lmfao what the fuck? The source they reference: https://www.idc.com/getdoc.jsp?containerId=US51953724 These clowns want $2500 goddamned american dollars for the privilege of reading their bloviations on this topic, which i absolutely will not pay. You know it's bad when the only people making money on t…
Every time ChatGPT outputs a Dockerfile, it counts as a cloud native application, right? :)
Re: IBM completes acquisition of HashiCorp
#13> By 2028, it is projected that generative AI will lead to the creation of 1 billion new cloud-native applications. lmfao what the fuck? The source they reference: https://www.idc.com/getdoc.jsp?containerId=US51953724 These clowns want $2500 goddamned american dollars for the privilege of reading their bloviations on this topic, which i absolutely will not pay. You know it's bad when the only people making money on t…
This sort of thing is why nobody gives a shit about IBM anymore and they have to keep just buying relevant companies to stay relevant.
Hopefully they do the right thing and hand hashicorp over to Redhat so they can open source the shit out of it. So they can do things like make OpenTofu the proper upstream for it, etc.
Re: IBM completes acquisition of HashiCorp
#14Earlier quoted context omitted.
Yeap we did. I wrote it off around the time of the licence change, just after they decided to ditch the TF Team plan in favour of the utterly ridiculous “Resources Under Management” billing model. I knew the company had lost the plot at that point.
Who's the target audience for this pricing that can afford this? The RUM pricing is indeed quite ridiculous. It feels quite ridiculous, especially if you are managing "soft" resources like IAM roles via Terraform / Pulumi. At least with real resources (say, RDS instances), one can argue that Terraform / Pulumi pricing is a small percentage of the cloud bill. But IAM roles are not charged for in cloud, and there are s…
Pulumi’s RUM pricing is why I was very hesitant to even evaluate it as an alternative to just using terraform.
Re: IBM completes acquisition of HashiCorp
#15Earlier quoted context omitted.
I'm surprised the deal was worth more than the market cap when they did the license rug pull.
Broadcom VMware play. If you’re invested as an enterprise in the ecosystem, is going to be a while before you can extricate yourself. In the meantime, you must pay up.
I'm pretty good at engineering fast moves. I took a company off of Salesforce in 45 days. VMware servers are even easier to changeout. Never done Terraform though.
Re: IBM completes acquisition of HashiCorp
#16Earlier quoted context omitted.
Broadcom VMware play. If you’re invested as an enterprise in the ecosystem, is going to be a while before you can extricate yourself. In the meantime, you must pay up.
That's true, but it's easier to switch from Terraform to Pulumi than it is to move from VMware to some other virtualization platform.
secrets, too.
Org's already knee deep in vault / vault-agent for PKI and secrets wont be eager to switch.
Re: IBM completes acquisition of HashiCorp
#17Earlier quoted context omitted.
Broadcom VMware play. If you’re invested as an enterprise in the ecosystem, is going to be a while before you can extricate yourself. In the meantime, you must pay up.
I'm pretty good at engineering fast moves. I took a company off of Salesforce in 45 days. VMware servers are even easier to changeout. Never done Terraform though.
terraform is OSS, unless you're using the hosted HCP version (workspaces? I think they're called), which, I've been using terraform heavily and at scale since v0.7 and I have never once thought I needed or would pay for something like that.
Re: IBM completes acquisition of HashiCorp
#18Earlier quoted context omitted.
Yeap we did. I wrote it off around the time of the licence change, just after they decided to ditch the TF Team plan in favour of the utterly ridiculous “Resources Under Management” billing model. I knew the company had lost the plot at that point.
Who's the target audience for this pricing that can afford this? The RUM pricing is indeed quite ridiculous. It feels quite ridiculous, especially if you are managing "soft" resources like IAM roles via Terraform / Pulumi. At least with real resources (say, RDS instances), one can argue that Terraform / Pulumi pricing is a small percentage of the cloud bill. But IAM roles are not charged for in cloud, and there are s…
It also creates horrible incentives. Oh I won't run this in isolated project or under a separate service account since that costs more, let's just pile everything together.
Re: IBM completes acquisition of HashiCorp
#19Investors at IPO lost quite a bit of money...
Had to check the numbers. IPO at $80 and sold to IBM for $35. Not great for investors, but insiders benefitted a lot!
Depends how you define insider. Employees were subject to a 6 month lockup and during that time the price dropped dramatically, but they still had to pay taxes on the $80 IPO price. Execs and institutional investors that were able to sell at IPO made out quite well though.
Re: IBM completes acquisition of HashiCorp
#20> By 2028, it is projected that generative AI will lead to the creation of 1 billion new cloud-native applications. lmfao what the fuck? The source they reference: https://www.idc.com/getdoc.jsp?containerId=US51953724 These clowns want $2500 goddamned american dollars for the privilege of reading their bloviations on this topic, which i absolutely will not pay. You know it's bad when the only people making money on t…
Who the heck is IDC's customer base, exactly? $2,500 for that, or $7,500 for this one about – drumroll, please – feature flags!
"Modern digital businesses need to be able to adapt to changing end-user demand, and since feature flags decouple release from deployment, it provides a good solution for improving software development velocity and business agility," said Jim Mercer, program vice president of IDC Software Development DevOps and DevSecOps. "Further, feature flags can help derisk releases, enable product experimentation, and allow for targeting and personalizing end-user experiences."