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HashiCorp – S1

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Re: HashiCorp – S1

#41

Post by mikeyouse »

jedberg wrote: post #40
mikeyouse wrote: post #8

Earlier quoted context omitted.

That's often the case when they have to bring a new executive on for the latter years of a company before going public... Look at page 174 though, Armon owns over 18M shares, the CRO owns 400k. Assuming a share price of even $10/share, the $4M difference in 2021 comp will swing slightly in Armon's direction when his equity stake is worth $175M more than the CRO's.

Based on their last valuation, Armon's shares should be worth around $550,000,000.

Holy smokes.. Yeah, I didn't have a basis for the $10/share, it was just a random number since I didn't have valuation detail... but wow. So Armon's shares would be worth something like $535M more than the CRO's. I suspect he's okay making a bit less in W2 income this year!

Re: HashiCorp – S1

#42

Post by ksec »

Holly mother of God. Mitchell was still on HN yesterday, as he was replying something about Backblaze IPO and its business. Today it is his IPO,

$259 million revenue. 2100+ Customers, 1500+ employees, $10 Billion Valuation.........

I mean I felt it wasn't that long ago Vagrant was "the" tool for the job.

How it all started, the submission on HN [1], quote:

>This project has been the love child of myself and John Bender (nickelcode.com) for the past 6 weeks. We're both daily HN readers and would like to use this as a starting point to show Vagrant to the public. Specifically, I'd like to open up to any questions and feedback, so that the HN community can get to know Vagrant. Your feedback is extremely valued. Thanks!

>A bit of background on this project: I work at a development company (citrusbyte.com) in LA. I see new projects almost every couple months, and I'm often working on multiple projects simultaneously due to work, freelance, and personal projects. Managing the development environments between many projects on a local machine became a huge burden and a coworker once mentioned developing in a virtual machine. I thought this was a great idea, and Vagrant was eventually born from it.

Really amazing achievement in such short space of time. Congratulations!

Edit: I wonder how many company started or partially started on HN that went on to IPO. I know Dropbox is one. Do we have a list somewhere?

[1] https://news.ycombinator.com/item?id=1175901

Re: HashiCorp – S1

#43

Post by sjg007 »

endisneigh wrote: post #7

It's fascinating to see so many IPOs happen in the past two years. Apparently there have been more IPOs in the past two years than 2014-2019 combined ( https://stockanalysis.com/ipos/statistics/ ) in spite of the pandemic. I guess it's because there's just so much money swishing around - why not?

Musical chairs maybe…

Re: HashiCorp – S1

#44

Post by boringg »

endisneigh wrote: post #7

It's fascinating to see so many IPOs happen in the past two years. Apparently there have been more IPOs in the past two years than 2014-2019 combined ( https://stockanalysis.com/ipos/statistics/ ) in spite of the pandemic. I guess it's because there's just so much money swishing around - why not?

M1 money supply + endish of a bull cycle of tech companies founded early 2010s (coming out of the 10 year VC timeline) and also SPACs (Assuming SPACs are included that would be the driving reason)

Re: HashiCorp – S1

#45

Post by TekMol »

Would be great if someone with knowledge on how to read an S1 could help me figure out these two basic questions:

What percentage of the company gets sold in the IPO?

And does that money go into the company or does it go to existing shareholders?

Re: HashiCorp – S1

#46

Post by farmerstan »

tomnipotent wrote: post #22
baby wrote: post #16

When can we expect the IPO to be after such a document is published?

Usually within 3-6 months, depending on how many rounds of comments the SEC has.

Way too long. Less than a month after filing S-1. Company already went through the rounds with SEC confidentially.

Source: wife is c-suite and took company through ipo in the last year.

Re: HashiCorp – S1

#47

Post by 988747 »

endisneigh wrote: post #7

It's fascinating to see so many IPOs happen in the past two years. Apparently there have been more IPOs in the past two years than 2014-2019 combined ( https://stockanalysis.com/ipos/statistics/ ) in spite of the pandemic. I guess it's because there's just so much money swishing around - why not?

VC investors are cashing out - a sign of impending doom. Expect Dotcom Crash 2.0

Re: HashiCorp – S1

#48

Post by boringg »

jaxxstorm wrote: post #4

Lots of interesting tidbits in here, not least that Armon Dadgar, who basically built most of the their revenue generating software, is paid considerably less than their CRO.

You are comparing salary when you should be comparing ownership. CRO has little ownership vs Armon who doesn't really care about his salary but rather the worth of his ownership position.

Also you are comparing an owner vs an employee, not apples to apples.

Re: HashiCorp – S1

#49

Post by ggregoire »

Congrats to the team!

Slightly off-topic, if I wanted to buy some HashiCorp's stocks as a non-US resident, what would be my best options? Any good services allowing me to do that somehow, legally and easily?

Re: HashiCorp – S1

#50

Post by SassyGrapefruit »

I love the products but that S1 didn't exactly blow my socks off. They are hemorrhaging cash and their growth strategy is pretty WeWork-ish. Seems to boil down to "Get more customers", "HCP is probably going to make money", and finally "the rest of the world needs hashicorp too"
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