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Oxide raises $200M Series C

oxide.computer

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Re: Oxide raises $200M Series C

#41

Post by dcre »

ilogik wrote: post #13
shimman wrote: post #7

Oxide is the only company where I check the careers page hoping that they have a position which I can apply to. Happy to see their success. Especially so if you've been following their journey through their podcasts (easily the best tech podcast out there if you care about your craft; no filler, all killer).

+1 for the podcast. I would try to apply but as far as I know they require 4 hours overlap with PST which excludes Europe

It doesn’t strictly exclude Europe, we have a few employees in Europe. But as the other reply says, they work slightly odd hours.

Re: Oxide raises $200M Series C

#42

Post by AlejandroM_E »

embedding-shape wrote: post #32
ilogik wrote: post #13

Earlier quoted context omitted.

+1 for the podcast. I would try to apply but as far as I know they require 4 hours overlap with PST which excludes Europe

> I would try to apply but as far as I know they require 4 hours overlap with PST which excludes Europe Wouldn't that depend less on where you are and more about your sleeping schedule? I generally go to bed around 04:00Z, up around 11:30Z sometime, seems that would work regardless of location, no?

Unless the position *strictly* requires the overlap (e.g. Manufacturing or Program Management), you can apply. The required overlap is the expected team commitment you should abide to, the logistics are up to you to make it work. If that sounds encouraging, please apply!

Re: Oxide raises $200M Series C

#43

Post by robszumski »

Graziano_M wrote: post #20
bflesch wrote: post #19

Earlier quoted context omitted.

Can you name some people who are working there and who you look up to? I need some new idols after the old idols all went up in MAGA and Epstein files .

Is Jessie Frazelle still there? She is very impressive.

no, but still being super impressive. CEO of a company rebuilding a CAD rendering engine because they put an LLM on top of it. So you describe the mechanical specs of the part you want and it models it. Takes all the tedium out of modeling stuff. Super cool and many applications.

Re: Oxide raises $200M Series C

#44

Post by greatgib »

bflesch wrote: post #17

Their website is so nice and smooth even on my shitty computer, not like the other announcement pages of major companies that only work on state of the art macbooks.

The website looks good but it is very hard to know what they do exactly and what they sell, if you can be their customer or not just browsing the website. If you don't know them before.

Like do they sell a service or a product. Do they sell hardware, software or something else? it is very confusing.

Re: Oxide raises $200M Series C

#46

Post by delusional »

wasmainiac wrote: post #6

Could someone explains to me what the secret is here? Apart from the fancy marketing, is it the full integration? The hardware? It took me a while to find an actual picture of one of the modules.

The selling point, from the looks of it, is an on-prem cloud where you own the hardware.

For the business guys they're focusing on price and sovereignty. Owning your business. For technical people they are focusing on quality. Not having to deal with integration bugs.

Re: Oxide raises $200M Series C

#47

Post by colesantiago »

I'm confused and saddened on why Oxide has to keep raising money (in substitute for growth) and keep entrenching their business with VCs and letting them control business and ownership.

> "So if we didn’t need to raise, why seek the capital? Well, we weren’t seeking it, really. But our investors, seeing the business take off, were eager to support it."

From this of course the VCs will back and support Oxide (they are mentally thinking that Oxide will move into supplying hardware for AI datacenters) eventually want their money back at many many multiples and the pressure is there to achieve this.

Can you even invest in Oxide?

I just wish Oxide wouldn't have to keep getting owned by VCs which would inevitably lead to enshittification to pay back the VCs.

If Oxide followed the model of Valve (100% founder and employee ownership, profitable, vast unlikelihood of enshittification or pressure to get acquired or IPO) then it would be a different situation.

Re: Oxide raises $200M Series C

#48

Post by mrweasel »

voidUpdate wrote: post #18

I'm confused what their product is... "The cloud you own"? Isn't that just... a server? Sure, it looks like a very nice server, but is there anything special about it apart from that?

While I haven't looking into it all that deeply, I'd say it's a replacement for vSphere and cobbled together hardware and networking, all with a centralized management interface/API.

Traditional hosting still, to some extend, struggle to provide the API, on demand, drive requirements for modern developers, who expect to be able stand up a bunch of virtual machines in a minute or so, especially if you also want a new private network, maybe some IPs and storage pools.

Having a single provider for your entire stack, software, hardware and network avoids the annoying back and forth with vendors, blaming each other. Having just one support contract for your entire stack is a pretty large plus.

Re: Oxide raises $200M Series C

#49

Post by neom »

sylvinus wrote: post #26

Love Oxide and what they're building, but I'm not sure raising even more VC money is the way to build a generational company. Quite the opposite? With money you don't need, you're trading faster growth for more dependencies on third parties that will seek a ROI eventually?

Not necessarily. Supply chains and vendor management into scale is very difficult and very very expensive, I think we prob spend north of $200MM to get to $150MM ARR, but the economics started to shake out thereafter based on CAGR. To do this without owning 0% of the company while still recognizing needing a lot of cash in the system to keep everything lubricated, (for example Michael Dell might be fine personally extending a $500MM line of credit to the business, if the business has $50MM in venture funds on some predictable growth rate) - basically you use true risk capital via the smallest amount of equity you can give to de-risk downstream capital requirements. I don't know anything about how Oxide is growing their business so this could be total nonsense in their case, but it's how we built a generational business (digitalocean)!
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