Earlier quoted context omitted.
> I would rather pay a competent cloud provider than being responsible for reliability issues. Why do so many developers and sysadmins think they're not competent for hosting services. It is a lot easier than you think, and its also fun to solve technical issues you may have.
The point was about redundancy / geo spread / HA. It’s significantly more difficult to operate two physical sites than one. You can only be in one place at a time. If you want true reliability, you need redundant physical locations, power, networking. That’s extremely easy to achieve on cloud providers.
On cloud it's out of your control when an AZ goes down. When it's your server you can do things to increase reliability. Most colos have redundant power feeds and internet. On prem that's a bit harder, but you can buy a UPS.
If your head office is hit by a meteor your business is over. Don't need to prepare for that.