Tailscale has raised $160M

Post by crmd » Wed, Apr 09, 2025, 1:07 AM UTC

api wrote: post #136

pomatic wrote: post #27

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When they raised the 100M three years ago, I'm pretty sure they said they didn't need it and were saving it for a rainy day (or words to that effect), always seemed very odd at the time. Two q's for anyone who cares to speculate: have they burnt the original investment already? And if not, why would they need more funding? AFAICS there's no real competition in the market place for their product today, the only thing…

You can't raise VC money and save it for a rainy day. If VCs wanted their money in a bank they'd just put it in a bank. If you raise $100M you have to put $100M to work or you'll hear constant shit from your board over it. If they raised $160M they're going to spend $160M on something. My guess would be a lot of enterprise features and product integrations.

Post by [deleted] » Wed, Apr 09, 2025, 1:37 AM UTC

wpietri wrote: post #198

duped wrote: post #116

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It's super useful to potential hires about the kind of team you're building. Especially if there's some kind of niche you're in (product, tech, region, whatever). There are people who I would climb mountains to work with, and others within a niche whose very presence in a company is enough to steer me away. Another signal for me is the fraction of xooglers in the engineering team.

> Another signal for me is the fraction of xooglers in the engineering team. In which direction?

Post by purplepatrick » Wed, Apr 09, 2025, 1:40 AM UTC

hug wrote: post #178

andruby wrote: post #148

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HR, marketing, sales, management, office space, servers, licenses, insurance, etc. It seems on the high end, but not too unrealistic.

It’s wildly and hugely unrealistic. The rule of thumb that employees actually cost a business roughly twice their salary is based on two things: 1. Retention. Hiring costs are “huge”, and so if you have a higher or lower average retention, may make up a disproportionate cost compared to salary. Ramp up time and institutional knowledge loss is no joke either. 2. A spread of average wages. 500k is not average, and a hu…

Post by xeromal » Wed, Apr 09, 2025, 2:30 AM UTC

YetAnotherNick wrote: post #124

johnbellone wrote: post #123

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I'd be surprised if the average package for SWE is $1M/year (fully loaded).

Generally package is around half of what company spends per extra engineer. And $500k average for a tech heavy product company doesn't sound too far off.

Post by tuananh » Wed, Apr 09, 2025, 2:42 AM UTC

throw16180339 wrote: post #204

datadrivenangel wrote: post #8

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Become the provider of choice for enterprise IT networks or get bought by Azure?

My prediction is that they'll be bought by Cisco.