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Backblaze IPO

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Re: Backblaze IPO

#271
post #194

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> I have rarely met Apple “users” You’ve never met people who use iPhone or a Mac? What planet are you from?

Yeah, I really think that the average person on the street is more of an Apple “user” than a “fan”.

Yeah I am an Apple 'user' , I have an iPhone 6s I like and that's it.

Re: Backblaze IPO

#272
post #211
post #204

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>I wonder whether it’s their marketing and PR spin/strategy. I have rarely read any fandom about Backblaze. There may be just a few mentions whenever there is a topic of backup or S3 alternative. But I remember vividly there were at least a few hundred if not thousands of hateful comments on HN when they swear to god they will never use them again because of a mistake they made with Facebook analytics. Anyone who def…

I think it’s reasonable to love Backblaze of their backup service but still hate they added Facebook tracking to their webinterface (even if it was a mistake).

I only know Backblaze from their cool hard drive reports, I honestly never knew what they did before the IPO.

Re: Backblaze IPO

#273

Earlier quoted context omitted.

I'm confused here. How does a threat of deleting your data in less than 7 days and not even canceling your billing makes you a loyal customer? That seems quite awful, miss the email and your data is gone, and you end up paying without them even storing any data.

The CTO just said the truth. How else would he say that the customer's data will be deleted? Sure it was straight up blunt, but I think he was just speaking casually.

I don't mind the bluntness, but you should either delete the data cancel the sub, or keep the sub and the data. I don't understand why you'd do one and not the other if you cared about the customer. And again 7 day is a bit short, though in a follow up email they extended it to 2 weeks.

Re: Backblaze IPO

#274

I've been using their product for awhile, I even have my 72 year old mom on it. Solid backups, gets out of my way, great price. Congrats to the Backblaze team!

Wow, how were you able to digitize your mother?

She taught me computers. Many years ago she worked for Unisys so computers have always been a thing in our house. A lot has changed since then but she does okay when the computer isn't a windows machine.

Re: Backblaze IPO

#275

Earlier quoted context omitted.

I forgot it didn't work the last time, and I needed an offsite backup solution. I was optimistic that I could configure the right excludes so it would work, but the sys pref change made this impossible. It takes a few weeks to upload everything, and by that time the trial has expired.

Upload time is very dependent on your ISP, not to mention your hardware. On the rare occasions that I generate 100+ GB of data that gets backed up, it takes Backblaze less than a day, but I have a 750/500Mbps connection, which certainly helps.

I'm stuck on 50mbps up.

Re: Backblaze IPO

#276

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> It's like they really think they can get away with offering "unlimited" storage without people taking full advantage of it. I didn't sense that they were bitter about it. But in both cases I do have some sympathy for the business. There is "unlimited" in the sense of what a regular average p50 user would consider reasonable ("every photo i've ever taken with my cellphone of my grandchild") Then there is "unlimited"…

I understand exactly what you're saying. It's perfectly reasonable. However, it's not what companies are selling. They sell "unlimited". That's what their marketing always promises. Nowhere does it say "unlimited, but only if you're a normal everyday 50th percentile person". They always say it's "unlimited". So they should absolutely be obligated to keep their promise and deliver unlimited service to even the 99.9999…

Having a hard cap could scare away average users who don't understand how much data they have, and just want a simple, set and forget solution. How is grandma supposed to know her kids' photos aren't "10TB"?

Re: Backblaze IPO

#277

Apropos of nothing, I'll share one of the reasons why I've been a loyal customer since 2010. In 2013 I booted up a dormant 2006 Macbook to prep for lending to a friend. Shortly thereafter I received the following email: === Hi Robbie (first name guessed from email address)- This is NOT an automated email, I'm typing this live. You have the very very last computer on earth running an ancient version of Backblaze (vers…

Good thing you weren't out of town for 7 days without access to this email account. That's too short.

Also wouldn't the honest thing to do be to stop billing, or refund for, the unused license? "I'll delete all your data and keep charging you" seems not great.

Re: Backblaze IPO

#278

Earlier quoted context omitted.

He wants to be in on the IPO I think, buying when it's reached the stock market is too late for that.

yes, this is my intention

Are you able to use SoFI? SoFi have a pre-IPO kinda thing, that lets you buy shares "before others".

Re: Backblaze IPO

#279
post #265
post #258

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Filecoin doesn't make sense to me: https://file.app/ says it's 0.0000394/GiB/year So for 4TiB HDD used for 4 years: 0.0000394 * 4000 * 4 = USD 0.6. Wut? I guess I'm missing something. :)

The storage on the network is being subsidized to the tune of $20 million per month, which means there's a massive oversupply of storage and nobody buying it, hence very cheap prices.

Who is doing the subsidizing?

Re: Backblaze IPO

#280

Earlier quoted context omitted.

A bank is given an allocation to sell at IPO, the IPO roadshow before the IPO is where potential investors have the chance to buy an IPO allocation at the IPO price. This price can move up and down to manage/stimulate demand. On the IPO day, these shares are allocated to investors. They can then hold them or sell part or all of their allocation. Those investors who did not get allocated shares can then buy them on th…

I'm wondering whether these things ever go down at market open. If not then that's a free lunch.

Yes they sometimes go down.

Up, or down, there are always sales at hand in price movements. And, everyone has a price.

The common upward bump is partially because, why would you IPO if you didn't think there was long value? But also (I think) because in the first few days there isn't that much interest (volume of shares that are 1. tradeable and 2. which people want to let go of ~ IPO price), so the supply is constrained and the supply/demand value dynamic is biased up.

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