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HashiCorp – S1

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Re: HashiCorp – S1

#161

Post by 1991g »

antoinealb wrote: post #150
nodesocket wrote: post #147

Earlier quoted context omitted.

You are missing the point. They are the de-facto standard in DevOps tooling from one person startups to gigantic public tech FAANG companies. My prediction, HashiCorp after IPO'ing will get acquired.

Which FAANG is public about using one of those?

Apple, mentioning Vagrant: https://jobs.apple.com/en-us/details/200251910/site-reliabil...

I could probably find more, but many (most?) large tech companies use one or more of the Hashicorp suite. I don't think it's unfair to say that they are the standard toolset for certain roles.

Re: HashiCorp – S1

#162

Post by danielmarkbruce »

pertymcpert wrote: post #157
danielmarkbruce wrote: post #107

Earlier quoted context omitted.

You are right, and this is a decent analogy, but isn't it a lot easier to say: Look at YE 2021, they spent $140 mill on sales and marketing. Next year they could turn that down to $20 million and they would be instantly profitable and almost certainly grow a little bit too. They could also likely slash R&D and G&A by 30-40% without affecting current products. They are very valuable as is, but growing significantly (w…

Your explanation had roughly the same number of words but included multiple figures and acronyms while saying the same thing. I don't think that's easier.

You are right, "easier" is not the right word.

Re: HashiCorp – S1

#163

Post by romanhn »

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…

Here's one for PagerDuty (second YC company to IPO) from 2009: https://news.ycombinator.com/item?id=758653

Re: HashiCorp – S1

#164

Post by throw123123123 »

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…

Oh wow I know the citrusbyte people, I didnt know about this!

Re: HashiCorp – S1

#166

Post by jonstewart »

danielmarkbruce wrote: post #107
tptacek wrote: post #99

Earlier quoted context omitted.

They're making hundreds of millions of dollars per year. They have software economics, not commercial real estate economics. Most software companies are "hemorrhaging cash" by the time they file an S1, because if you invent a machine that turns nickels into dimes, the obvious thing to do is spend all your money making as many of those machines as you can, not cranking a small number of them for a small, consistent st…

You are right, and this is a decent analogy, but isn't it a lot easier to say: Look at YE 2021, they spent $140 mill on sales and marketing. Next year they could turn that down to $20 million and they would be instantly profitable and almost certainly grow a little bit too. They could also likely slash R&D and G&A by 30-40% without affecting current products. They are very valuable as is, but growing significantly (w…

Given their proven track record with new products, it makes a lot of sense to keep spending on R&D. Mostly they’re a classic enterprise software business (with developer-led marketing) and so the wider array of products they have to sell, the better their future cash flow will be with subscriptions/maintenance. $100M and $1B in annual revenue tend to be important thresholds in the enterprise software biz, and they’re well past $100M.

G&A will of course get wrung out by professional managers.

Re: HashiCorp – S1

#167

Post by reilly3000 »

endisneigh wrote: post #7

It's fascinating to see so many IPOs happen in the past two years. Apparently there have been more IPOs in the past two years than 2014-2019 combined ( https://stockanalysis.com/ipos/statistics/ ) in spite of the pandemic. I guess it's because there's just so much money swishing around - why not?

There was actually a big decline in IPOs during that period. I honestly can’t say why but I remember it was starkly lower than average. Perhaps for regulatory concerns?

Re: HashiCorp – S1

#168

Post by whimsicalism »

LambdaComplex wrote: post #144
mike_d wrote: post #96

Earlier quoted context omitted.

> 1500+ employees According to LinkedIn the average tenure of employees is a little over a year (likely to hit the vesting cliff and bounce). Two months ago they didn't have the staff to review pull requests: https://news.ycombinator.com/item?id=28425849 You can love the product, but investors are ultimately betting on the company - which seems shaky.

An additional data point (read: anecdote): I applied for a job at Hashicorp in early July of this year. I have yet to receive any reply, including a "thanks but no thanks" For reference, I also have a friend who applied there in late 2019; he apparently _did_ get a "thanks but no thanks" email about a month later. Perhaps all of the company is short-staffed, rather than just engineering.

I've applied to plenty of much larger and established companies without getting a thanks but no thanks.

Twitter has the audacity to email a year after my application to let me know that I was "still under consideration."

Google ended my hiring loop by having my emails to my recruiter bounce.

So this is not just a shaky company problem.

Re: HashiCorp – S1

#169

Post by v1g1l4nt3 »

WORMS_EAT_WORMS wrote: post #18

Absolute legend, rocket ship human Mitchell Hashimoto. I still remember the excitement from Vagrant back in the day (which I think started it all). Here's the 1.0 announcement in 2012. [1] The tools and vision they created after, just amazing coming from a small scrappy startup crew. Which, IMO, is totally wild given the offerings clearly tend to target bigger Enterprise who have bigger teams/apps/ops demand. Then to…

He shared his dev setup at Dev Tool Time (https://srcgr.ph/mitchell-hashimoto) which shows how passionate he is about engineering. Going from CEO -> CTO -> IC solidifies his genuineness.

Re: HashiCorp – S1

#170

Post by tjr225 »

jordanbeiber wrote: post #92
AtNightWeCode wrote: post #75

My thoughts not facts. I know that there are more products then I mention. I fail to see in what segment Hashicorp will remain relevant over time. Terraform is the tool I mostly see companies pay for. Over time cloud vendors will make Terraform obsolete. In fact it is already a problem to use Terraform since it can not move at the same pace as major cloud vendors. Vault is an extremely complicated niche tool, most co…

I feel I need to reply with my thoughts. - Vault is not niche - it’s THE way to manage pki and credentials if you’re half serious about security. Which is why you’re now are starting to see managed vault. - Consul - EVERYONE should use service discovery, cloud or not. It’s indispensable for numerous reasons. If you doubt it’s relevance, check out the Kubernetes integration work - there’s a reason for that focus. You…

Vault is the real money cow here, for sure. It is an industry standard in a space that is becoming ever-more important. Honestly, I'm not even sure HC knew how big it would become, but it is huge.
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