What do they need so much capital for?
Our $100M Series B
41–50 of 522 posts
Re: Our $100M Series B
#42Everyone at Oxide makes the same salary: >We decided to do something outlandishly simple: take the salary that Steve, Jess, and I were going to pay ourselves, and pay that to everyone. [ https://oxide.computer/blog/compensation-as-a-reflection-of-... ] Does everyone at Oxide have the same equity grant?
Of course not, what's the purpose of asking such as silly question? Are you being snarky and suggesting that employees deserve the same upside that founders deserve?
A company can't function without employees, so why not?
Re: Our $100M Series B
#43Lots of praise not much skepticism, so what is the exit here? $100M is a lot of money investors want to see returned of the total amount raised of almost $200M? Remember Oxide is VC backed so there must be some strings attached here, is it an IPO or an acquisition for an exit or just staying private?
AFAIK staying private is nearly impossible after taking VC funding…?
Also, what they do is very capital-intensive, so I’m not surprised that they’re raising more money.
Re: Our $100M Series B
#44Kudos & godspeed!
(random superficial comment: the ascii art + high fidelity ui combination on the oxide landing page is chef's kiss)
Re: Our $100M Series B
#45Great news for Oxide. I followed their podcasts for a while but they petered out and I haven't heard much about their products/growth for a while. Sounds like it's still viable. USIT... what a cryptic website! Is it government-related (like In-Q-Tel) or private? Have no idea...
Re: Our $100M Series B
#46Earlier quoted context omitted.
They have since updated it slightly > Since originally writing this blog entry in 2021, we have increased our salary a few times, and it now stands at $207,264. We have also added some sales positions that have variable compensation, consisting of a lower base salary and a commission component.
so basically everything converges to having specific reasons to have different salary schemes.
Yes, but you aren't wasting time early on negotiating compensation.
Re: Our $100M Series B
#47Gergely Orosz' newsletter contained some background on Oxide in 2024:
Re: Our $100M Series B
#48Rooting for this team -- just wish i could afford one of these racks... =)
Same. I think it brings an interesting point actually. "Who will buy these", the obvious answer is anyone with a need, but the "standard pizzabox" server is ubiquitous for the same reason that x86 and miniPC's outcompeted mainframes. ((controversial take warning)) Mainframes are objectively better at high uptime and high throughput than rube-golderging a bunch of semi-reliable x86 boxes together, yet, the ubiquity of…
> So I guess their target audience is the "we don't want to touch cloud" organisations that have a good IT spend that are willing to change vendors?
Companies do modernization/migration projects from time to time; I guess one way to solve the audience issue is to find companies that have such a planned event and try to market a “better” alternative.
While I’m also a fan of Oxide; my primary concern is whether they can actually get companies to ignore the marketing that comes out of cloud services.
Re: Our $100M Series B
#49Oxide, at least for an outsider, looks like a company that channels some of the spirit of early Sun Microsystems (I'm aware of the connections of course). I'm quite envious of those who work there - I hope the demands of big money don't crush any of that spirit.
Sadly when I look at their jobs posted I don't see much that would line up with my skillset, but I keep an eye on them just on the offchance.
Re: Our $100M Series B
#50All the best! I personally came to know Oxide for their cool RFD culture. It's worth a read: https://rfd.shared.oxide.computer/ Start from RFD 1 ;)
Just because it's hopelessly on-brand for us to offer up a podcast episode for everything, you may also be interested in our Oxide and Friends episode on RFDs with our colleagues Robert Mustacchi, David Crespo, Ben Leonard, and Augustus Mayo.[0] [0] https://oxide-and-friends.transistor.fm/episodes/rfds-the-ba...
Bryan you absolute legend. You give the best technical seminars i've ever watched (& countlessly rewatched). Ty for inspiring a generation of engineers. Best of luck with everything at Oxide!