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IBM completes acquisition of HashiCorp

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Re: IBM completes acquisition of HashiCorp

#31

Post by Aeolun »

Schnitz wrote: post #14
jeeyoungk wrote: post #10

Earlier quoted context omitted.

Who's the target audience for this pricing that can afford this? The RUM pricing is indeed quite ridiculous. It feels quite ridiculous, especially if you are managing "soft" resources like IAM roles via Terraform / Pulumi. At least with real resources (say, RDS instances), one can argue that Terraform / Pulumi pricing is a small percentage of the cloud bill. But IAM roles are not charged for in cloud, and there are s…

Pulumi’s RUM pricing is why I was very hesitant to even evaluate it as an alternative to just using terraform.

I’m finding that the basic backend functionality of Pulumi and Terraform managed cloud is fairly easy to build (especially Terraform, I can’t quite believe how absurdly simple their cloud is…)

Re: IBM completes acquisition of HashiCorp

#32

Post by sepositus »

danw1979 wrote: post #5
tinyhouse wrote: post #3

Investors at IPO lost quite a bit of money...

Yeap we did. I wrote it off around the time of the licence change, just after they decided to ditch the TF Team plan in favour of the utterly ridiculous “Resources Under Management” billing model. I knew the company had lost the plot at that point.

This is probably inaccurate, but it seemed like they wrote it off as a safe move, with their main competitor, Pulumi, getting away with it.

However, to play devil's advocate, the number of Terraform resources is a (slightly weak) predictor for resource consumption. Every resource necessitates API calls that consume compute resources. So, if you're offering a "cloud" service that executes Terraform, it's probably a decent way to scale costs appropriately.

I hate it, though. It's user-hostile and forces people to adopt anti-patterns to limit costs.

Re: IBM completes acquisition of HashiCorp

#33

Post by guelo »

redeux wrote: post #19
yellow_lead wrote: post #11

Earlier quoted context omitted.

Had to check the numbers. IPO at $80 and sold to IBM for $35. Not great for investors, but insiders benefitted a lot!

Depends how you define insider. Employees were subject to a 6 month lockup and during that time the price dropped dramatically, but they still had to pay taxes on the $80 IPO price. Execs and institutional investors that were able to sell at IPO made out quite well though.

Execs are employees, were they really exempt from the lockout? Seems unethical.

Re: IBM completes acquisition of HashiCorp

#35

Post by pknomad »

JohnMakin wrote: post #17
burnte wrote: post #15

Earlier quoted context omitted.

I'm pretty good at engineering fast moves. I took a company off of Salesforce in 45 days. VMware servers are even easier to changeout. Never done Terraform though.

terraform is OSS, unless you're using the hosted HCP version (workspaces? I think they're called), which, I've been using terraform heavily and at scale since v0.7 and I have never once thought I needed or would pay for something like that.

Yep. You're thinking of TFE. Workspaces and Stacks are the the advertised method for building composable infra.

Re: IBM completes acquisition of HashiCorp

#36

Post by Ancalagon »

guelo wrote: post #33
redeux wrote: post #19

Earlier quoted context omitted.

Depends how you define insider. Employees were subject to a 6 month lockup and during that time the price dropped dramatically, but they still had to pay taxes on the $80 IPO price. Execs and institutional investors that were able to sell at IPO made out quite well though.

Execs are employees, were they really exempt from the lockout? Seems unethical.

thats preferred stock baby. Startups still a scam to work for.

Re: IBM completes acquisition of HashiCorp

#37

Post by JohnMakin »

cube2222 wrote: post #30
JohnMakin wrote: post #17

Earlier quoted context omitted.

terraform is OSS, unless you're using the hosted HCP version (workspaces? I think they're called), which, I've been using terraform heavily and at scale since v0.7 and I have never once thought I needed or would pay for something like that.

Terraform is not OSS, it switched to a source-available license over a year ago. OpenTofu[0] is the OSS fork though. [0]: https://github.com/opentofu/opentofu Disclaimer: involved with OpenTofu

I'm well aware and have contributed to OpenTofu project in a small manner. I hope you'll forgive me slightly misspeaking - any version of terraform before that license change is OSS. It is, however, perfectly free to use and most companies I've worked with are hard-pinned on a particular version of terraform and rarely on the bleeding edge.

Re: IBM completes acquisition of HashiCorp

#39

Post by film42 »

ForHackernews wrote: post #27

Sad to see this, but I will again shill for HashiCorp's Nomad as a better alternative to Kubernetes.

Nomad is way easier to self-manage than K8s, but GCP does that for me, with all the compliance boxes checked, for extremely cheap. Every cloud provider is in that boat. Nomad will be more work and more money, be it compute or enterprise fees. I'm sticking with k8s.
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