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HashiCorp IPO today

hashicorp.com

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Re: HashiCorp IPO today

#21
post #8
post #3

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?

In pure dollars leaving too much on the table is bad, but a nice IPO bump is free marketing for the company. A 20-30% bump means it'll lead in a bunch of news stories, and create some buzz around the company. Of course, this might be less important for a non-consumer oriented company.

Re: HashiCorp IPO today

#24
post #15
post #6

Earlier 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.

And a lot of it is driven by compliance obligations as a public company. If you don’t want SOX work and processes, don’t go public (or work at a startup that’s about to go public). If you don’t want SOC2 work, don’t go after large companies.

Re: HashiCorp IPO today

#25

Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?

I can tell where I work it came down to a simple question of having to maintain, control, update, publish and develop TF modules vs just buying the dang thing and not having to worry about it.

Re: HashiCorp IPO today

#26

Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?

At my company, they don't want to deploy OSS Vault on prem. Apparently we need the enterprise edition, because it is easier for our operations team.

Re: HashiCorp IPO today

#27

Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?

They're like Docker for DevOps?

> ...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

#28
post #3

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...

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)

There were some companies during the original dot-com boom that immediately "popped" several hundred percent on opening day. Some of them even managed to stay there until the lockup period for employees was over, making them very rich.

Re: HashiCorp IPO today

#29

Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?

That’s what I thought initially, yet I know a bunch of companies that do (like slack) and my ex company used to as well (facebook). It’s not clear until you actually are faced with a problem at your job that this solves. The whole strategy of hashicorp is to make devs and infra engs life more easy
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