Hah, no IPO bump. Does anyone know any detail about their deal with their bank? https://www.google.com/finance/quote/HCP:NASDAQ?sa=X&ved=2ah...
My understanding is that an IPO bump is good for optics, and good for underwriters, but bad for company itself (money left on table). Is that right?
HashiCorp IPO today
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Re: HashiCorp IPO today
#22Re: HashiCorp IPO today
#23Other then cashing in equity has anyone found that a IPO has made a place better or worse for the employees? Big fan of Hashicorp products btw
Re: HashiCorp IPO today
#24Earlier quoted context omitted.
Better for your wallet, but worse for the job. The company changes. The type of people it attracts to leadership roles are not the kind of people you’d start a company with. They bring their “processes and methods” that they promise will scale the company and then they insulate themselves by hiring their friends to report to them. The culture is corrupt at this point and the technologists that built the company begin…
That seems… cynical. The sorts of processes and. Management needed for a larger company are different than those at a small one. You need more process. There’s no way around it.
Re: HashiCorp IPO today
#25Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?
Re: HashiCorp IPO today
#26Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?
Re: HashiCorp IPO today
#27Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?
> ...a common confusion is multi-cloud vs. multi-vendor services. The latter is way more common, especially at smaller companies. Tools like Terraform are often touted as "multi-cloud" and people ask questions like "Why would I use Terraform if I use only AWS?" And the easy answer to that is tools like Terraform allow you to manage anything with an API as code. For example: do you want to manage DNS, or CDN, or DBs, etc. (that maybe aren't on AWS) as code? Terraform gives you the way to learn one config language/workflow to make that happen, even if 100% of your compute is on one provider. From a non-technical standpoint, this helps your organization start learning non-vendor-specific tooling, which better prepares you from a human standpoint for the future noted above.
> I think the #1 value of multi-cloud is organizational: you build your core infra/app lifecycle processes (dev, build, deploy, monitor, etc.) around a technology-agnostic stance. As technologies shift, other clouds become important, new paradigms emerge, etc. your organization is likely more prepared to experience that change. This is something that is core to our ideology at HashiCorp, its point #1 in our Tao that I published 4 years ago! https://www.hashicorp.com/blog/the-tao-of-hashicorp
-mitchellh, https://www.reddit.com/r/devops/comments/91afzz/why_multiclo...
Re: HashiCorp IPO today
#28Hah, no IPO bump. Does anyone know any detail about their deal with their bank? https://www.google.com/finance/quote/HCP:NASDAQ?sa=X&ved=2ah...
Could you explain what you mean by this? From their launch at 80, they pretty quickly went up to ~90, then dropped back to 83-84, which is up a few percent for the day. What sort of bump do you expect? (Legitimately, I'm not familiar with this sort of thing)
Re: HashiCorp IPO today
#29Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?