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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 Ben…
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?
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 Ben…
Maybe that is because he stepped down from leadership to become an IC again? We could speculate that he didn't want to go public, or had no desire to do the S-1 work so he stepped down.
It seems to be a growing contingent of their revenue, in addition to being an interesting product. Curious to get HN's take on it.
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?
S1 does not specify the amount.
> And does that money go into the company or does it go to existing shareholders?
The money goes to the company.
When HashiCorp first got announced I thought "How is he going to make a company out of Vagrant?" I was definitely wrong and on my own projects I'm using lots of their products from packer to nomad. Super cool to see someone/people create something like HashiCorp out of what I originally thought would be a single product.
Edit: May be this comment from Mitchell sheds some 1st-party perspective on why it may be so:
> ...Terraform is WORKFLOW agnostic, not TECHNOLOGY agnostic. This is a key part of our product philosophy that we make the 1st element of our Tao: https://www.hashicorp.com/tao-of-hashicorp
> I've talked about this more with more references in this tweet: https://twitter.com/mitchellh/status/1078682765963350016
> I don't think we've ever claimed cloud portability through "write once run anywhere;" that isn't our marketing or sales pitch and if we ever did make that claim please let me know and I'll poke some teams to correct it. Our pitch is always to just learn one workflow/tool and use it everywhere, but you explicitly WILL rewrite cloud-specific modules/code/etc.
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?
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?
This S1 does not say how many shares they expect to sell, so at this time its unclear what percentage of the company new investors will hold. Presumably before the IPO date, it will be updated so investors have an understanding of what they are buying.
For example, how can this information be found for Coinbase?