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HashiCorp – S1

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Re: HashiCorp – S1

#131

Post by polskibus »

gorgoiler wrote: post #100
ksec wrote: post #42

Holly mother of God. Mitchell was still on HN yesterday, as he was replying something about Backblaze IPO and its business. Today it is his IPO, $259 million revenue. 2100+ Customers, 1500+ employees, $10 Billion Valuation......... I mean I felt it wasn't that long ago Vagrant was "the" tool for the job. How it all started, the submission on HN [1], quote: > This project has been the love child of myself and John Ben…

If that’s $260M pa for 1500 employees then that works out as $40k revenue per employee per quarter. Compare with APPL and FB doing [correction: over $600k] per employee per quarter. Not a value judgment. But I only recently started noticing these numbers and it really puts the big players’ spending power into perspective. Hiring engineers away from FAANG is incredibly expensive. Edit: thanks for the corrections in th…

They have lots of contractors though , ppl that censor posts, etc. You're probably not taking them into consideration.

Re: HashiCorp – S1

#132

Post by SteveMorin »

that_guy_iain wrote: post #60
mromanuk wrote: post #23

Earlier quoted context omitted.

why he stepped down as CEO, then CTO and now IC?

If I was to guess, he wants to write code and he started the company so he could write code. He just had to do those jobs along the way to get to the point where he could just focus on writing code and solving problems.

Yes that's exactly the reason. I know them through friends

Re: HashiCorp – S1

#133

Post by AtNightWeCode »

jordanbeiber wrote: post #114
AtNightWeCode wrote: post #105

Earlier quoted context omitted.

All major clouds have better alternatives to Vault. Vault is mostly for really large companies that want to run things like this by themself. There is no need for service discovery in the cloud in general. I have also used Nomad a lot. Maybe it is because we always needed the cutting edge features in general, but in general not very good quality. Core features always worked though. People should use Kubernetes instea…

“People should use Kubernetes instead” is an interesting take considering your first paragraph. :) You’ve perhaps not had to troubleshooting issues in a more advanced k8s setup - that is something that is not “for most people”. Keeping services discoverable, with service health-checks and configuration data at hand in the k/v is not needed in the “cloud”? I guess a lot comes down to how you opt to manage you services…

What I am saying is that Kubernetes has become the mainstream tool to use. You have to put up good reasons or custom needs to use something else.

A thing I like about Consul is that you can also use it as a KV. Something I lack in the cloud.

The Vault in Azure is the Keyvault which is all around terrible but Keyvault in conjunction with how Azure works in general is sufficient to build secure infrastructure.

Re: HashiCorp – S1

#134

Post by dhosek »

trhway wrote: post #129
gorgoiler wrote: post #100

Earlier quoted context omitted.

If that’s $260M pa for 1500 employees then that works out as $40k revenue per employee per quarter. Compare with APPL and FB doing [correction: over $600k] per employee per quarter. Not a value judgment. But I only recently started noticing these numbers and it really puts the big players’ spending power into perspective. Hiring engineers away from FAANG is incredibly expensive. Edit: thanks for the corrections in th…

>Compare with APPL and FB doing $2.5M per employee per quarter. your math if off - FB is $500K/employee/quarter, APPL is ~600K/employee/quarter. That still of course a boatload of money allowing them to pay $600K+/year to the engineers.

I'm guessing that was a typo and he meant per year since the comparison number was also annual revenue.

Re: HashiCorp – S1

#135

Post by BbzzbB »

gorgoiler wrote: post #100
ksec wrote: post #42

Holly mother of God. Mitchell was still on HN yesterday, as he was replying something about Backblaze IPO and its business. Today it is his IPO, $259 million revenue. 2100+ Customers, 1500+ employees, $10 Billion Valuation......... I mean I felt it wasn't that long ago Vagrant was "the" tool for the job. How it all started, the submission on HN [1], quote: > This project has been the love child of myself and John Ben…

If that’s $260M pa for 1500 employees then that works out as $40k revenue per employee per quarter. Compare with APPL and FB doing [correction: over $600k] per employee per quarter. Not a value judgment. But I only recently started noticing these numbers and it really puts the big players’ spending power into perspective. Hiring engineers away from FAANG is incredibly expensive. Edit: thanks for the corrections in th…

Point stands, but I'm not sure how you get that much for FB and AAPL. In 2020 (4 quarters) they made, per employee, ~$1.2M and $0.7M in gross profit, $1.5M and $1.9M in revenue. I didn't cross check the table but did get the same number for FB.

https://twitter.com/investing_city/status/142301690347634278...

Re: HashiCorp – S1

#136

Post by kaycebasques »

Does anyone have an idea regarding when the stock (HCP) will be tradable? It doesn't look like an IPO date has been announced. Perhaps, once an S-1 is filed, the IPO is usually X weeks after that?

Re: HashiCorp – S1

#138

Post by tomnipotent »

farmerstan wrote: post #46
tomnipotent wrote: post #22

Earlier quoted context omitted.

Usually within 3-6 months, depending on how many rounds of comments the SEC has.

Way too long. Less than a month after filing S-1. Company already went through the rounds with SEC confidentially. Source: wife is c-suite and took company through ipo in the last year.

You're absolutely right. I took a look at a handful of recent IPOs (Snowflake, Unity, Gitlab) and they all basically had just a month lag between S-1 filing and IPO date.

Re: HashiCorp – S1

#139

Post by nkotov »

This is awesome. Hashicorp tools are great and I'd argue that Terraform is one of the most important dev tools in the last ten years.

Re: HashiCorp – S1

#140

Post by shironandon »

I have actively used Vagrant, Consul, Terraform, and Vault and I really have never understood all the fanboyism for Hashicorp. Their products are OK but easily replaceable and often redundant in modern cloud providers. Wish them luck on their attempt to cash in but I for one do not intend to buy any stock.
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