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We raised a bunch of money

fly.io

111–120 of 484 posts

Re: We raised a bunch of money

#111

Since you're hosting your own hardware, one request: if you end up doing managed Postgres, please give customers as much fast, local NVMe storage as they can use. 1M IOPS? Done. 10TB database on local NVMe? No problem.

Local NVMe makes this a much more fun project than it would have been 10 years ago.

Re: We raised a bunch of money

#112

Will you be publishing a follow up blog post about how you’re increasing API user fees once you’ve monopolized your particular market? Or how about how you’ll be increasing margins for investors in 5 years as you prepare for your IPO? Why won’t you suffer the fate of every single other tech company that raises a shit load of money which is completely and irrevocably selling out any pretense of being beneficial for cu…

So like which products do you use, then?

Re: We raised a bunch of money

#113

Will you be publishing a follow up blog post about how you’re increasing API user fees once you’ve monopolized your particular market? Or how about how you’ll be increasing margins for investors in 5 years as you prepare for your IPO? Why won’t you suffer the fate of every single other tech company that raises a shit load of money which is completely and irrevocably selling out any pretense of being beneficial for cu…

> My new heuristic is that I avoid every single company that raises venture funding.

What about posting on a forum owned and operated by a venture firm?

Do you use Google? Slack? Facebook? The list of venture backed tech firms is endless.

I don't even disagree with the general sentiment...but your resolution seems particularly short-sighted.

Re: We raised a bunch of money

#114

The headline and even the article reads like a big nothing burger.

A company with ~60 employees raising $70M seems pretty noteworthy to me. That's a lot of cash to go toward 14 jobs https://fly.io/jobs/ .

Not even 14 jobs, there's only one (or two) open positions listed there.

Re: We raised a bunch of money

#115
post #103

Earlier quoted context omitted.

This is the cold truth. The entire process of raising money in the modern software world has nothing to do with creating a better product and business specifically. It's simply the de facto step-by-step playbook process one follows if one is an entrepreneur with the eventual become very rich. There is nothing novel, innovative, or remotely surprising about this process. It is well defined, well established, and simpl…

Sometimes funding is necessary to grow income enough to sustain the business or hire more engineers or whatever you want to do. If it costs $40 to acquire a new customer, and you expect a customer to stick around for long enough to spend $90 then it's totally worth doing that, but you need $40 now to make 90$ over some period of time.

That’s what's so great about five year projections! Somehow it’s always worth it until reality comes knocking after the money’s been raised. Then it’s a mad scramble for ROI that debases everything that built the business.

Re: We raised a bunch of money

#116

Will you be publishing a follow up blog post about how you’re increasing API user fees once you’ve monopolized your particular market? Or how about how you’ll be increasing margins for investors in 5 years as you prepare for your IPO? Why won’t you suffer the fate of every single other tech company that raises a shit load of money which is completely and irrevocably selling out any pretense of being beneficial for cu…

I don't understand why someone comes to a startup incubator and VC forum when they hate venture funded startups. You know what YC does, right? There are so many forums you could go to, but you specifically select this one when you fundamentally dislike the premise? Why? It's just baffling behavior.

It may be a VC forum, but it functions as a broad technical forum. How many posts here are explicitly about startup economics?

It's important to remind people in the broader technical community that financial success should not the only goal, nor should it be required to maximize profit at the expense of customers.

Re: We raised a bunch of money

#117

Will you be publishing a follow up blog post about how you’re increasing API user fees once you’ve monopolized your particular market? Or how about how you’ll be increasing margins for investors in 5 years as you prepare for your IPO? Why won’t you suffer the fate of every single other tech company that raises a shit load of money which is completely and irrevocably selling out any pretense of being beneficial for cu…

I think It's actually quite a beneficial pattern for the likes of the consumer and the founders.

Say Fly will eventually get acquired or IPO, their founders will justify it that they could use that money to work on Fly's mission statement or if they've had their fill of servers go on to build further startups in Fusion, AI, or Space Technologies or even give to charity (take your pick).

When they do get acquired/IPO the natural bureaucracy of large organisations and shift in incentives will set in (we've been here before with Heroku/Salesforce and SendGrid/Twilio...) and they'll become slow, more risk-averse, and ultimately less innovative catering for enterprise and other large businesses (where the easy corporate money is at) instead of scrappy startups and curious hackers.

This is where Fly 2.0 comes in 5 years down the line reaching No. 1 on Hacker New, where utilising the latest technology they'll create a completely new and innovative solution that will solve the current problem even better than now and they'll start by catering for startups and hackers until they themselves get acquired/IPO.

This doesn't mean it's necessarily a bad thing - founders get a chance to cash out, consumers get cycles of new innovation.

Re: We raised a bunch of money

#118
post #18

I like fly.io because it's just (much) better Heroku. I also liked Heroku, so it's sad to see their status now.

I'm looking to deploy a $5/m DigitalOcean server (single binary) to run a simple HTTP[s] server, with persistent sqlite/fs and backed up via braindead rsync to my local system.

Is fly competitive with this? These sorts of calculations are always awkward for me with PaaS providers. I know what i'm getting with $5/m with DO, but with PaaS it often feels abstracted and sneaky. Heroku in my very, very old memory was a continual set of asterisks.. but i'm probably being unfair and PTSD'y.

Think i should give Fly a look? I at least find their SQLite features super interesting

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