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HashiCorp – S1

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Re: HashiCorp – S1

#71

Post by ksec »

mirekrusin wrote: post #56
ksec wrote: post #42

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…

Where can I see $10B valuation to confirm?

Sorry I think it should be seeking $10B according to Yahoo / Bloomberg.

https://finance.yahoo.com/news/hashicorp-files-u-ipo-said-18...

Re: HashiCorp – S1

#72

Post by shubik22 »

Congrats to HashiCorp for their IPO and for building an awesome suite of tools.

I attended a Papers We Love meetup back in 2015 where Armon Dadgar, HashiCorp's CTO, gave the main talk on Bloom filters and HyperLogLog (interested parties can watch a recording of the talk here: https://www.youtube.com/watch?v=T3Bt9Tn6P5c). It was an awesome, very educational talk (on a topic I was previously unfamiliar with), and based on my very limited impression, Armon struck me as a really smart, intellectually curious and nice person. Great to see Armon/Hashicorp achieve such a huge, positive milestone.

Re: HashiCorp – S1

#73

Post by adamsvystun »

Love HashiCorp, though not sure what to think about Sales&Marketing to R&D ratio, which is 2:1 (141kk vs 65kk in 2021). Maybe people who read S1s more often can tell if this a normal ratio? Seems pretty high to me.

Re: HashiCorp – S1

#74

Post by paxys »

There have been hundreds of crazy tech success stories in the last few years, but as someone who considers himself an engineer at heart, this one gives me the greatest amount of joy and optimism. Both founders are industry-wide leaders in their field and still treat writing code and solving complex technical problems as their primary job.

Re: HashiCorp – S1

#75

Post by AtNightWeCode »

My thoughts not facts. I know that there are more products then I mention.

I fail to see in what segment Hashicorp will remain relevant over time.

Terraform is the tool I mostly see companies pay for. Over time cloud vendors will make Terraform obsolete. In fact it is already a problem to use Terraform since it can not move at the same pace as major cloud vendors.

Vault is an extremely complicated niche tool, most companies should not use.

Consul, the service discovery tool is mostly not needed in cloud environments. Don't think any cloud vendor today have Consul as a service on their agenda even though this has been announced years ago which is a warning sign. Personally I really like Consul and the way you can set up ACL for instance.

Vagrant, use whatever.

Nomad has lost the battle with Kubernetes a long time ago. I never trusted Nomad and I never will but I can see that if you really want to orchestrate a lot of containers Nomad may be the right tool.

When selecting an identity platform you mainly have to go along with the corruption in the industry...

I really wish Hashicorp good luck on this journey though.

Re: HashiCorp – S1

#76

Post by paxys »

sam0x17 wrote: post #6
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.

Also interesting to learn that a CRO is a thing. I swear there is a new C-level title invented every few seconds.

"Lead growth hacker" doesn't convey the same amount of prestige

Re: HashiCorp – S1

#77

Post by ushakov »

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?

as inflation rises, it's good times to attract investors

Re: HashiCorp – S1

#78

Post by loosescrews »

ignoramous wrote: post #68
that_guy_iain wrote: post #57

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.

To me, the more astonishing thing is, "How did HashiCorp excel where Docker failed". I'd pay to read a case-study on it, if there's one. 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-hashicor…

I think a big part of it is that Docker failed to expand much beyond their initial offering. They tried, but weren't able to get much traction. HashiCorp probably wouldn't be IPOing with a multi-billion dollar valuation if they continued to focus mainly on Vagrant.

Re: HashiCorp – S1

#79

Post by picardo »

Mitch has always struck me as a singularly sincere and dedicated individual. His passion for the end user experience show in his every product decision. As a developer, I've enjoyed using his tools more than I should. Most enterprise software is designed by committee. Hashicorp's products feel like they were designed by one person -- or perhaps they know their users extremely well.

Re: HashiCorp – S1

#80

Post by vngzs »

AtNightWeCode wrote: post #75

My thoughts not facts. I know that there are more products then I mention. I fail to see in what segment Hashicorp will remain relevant over time. Terraform is the tool I mostly see companies pay for. Over time cloud vendors will make Terraform obsolete. In fact it is already a problem to use Terraform since it can not move at the same pace as major cloud vendors. Vault is an extremely complicated niche tool, most co…

A lot of big finance companies use Nomad for all their compute scheduling. Citadel, for instance. They desire the ability to schedule Windows workloads, containers, regular processes, etc. through a common interface. They might not want or need to go all-in on containers.

Vault has a similar target market. Big high-paying institutions. It's not the average market of your tech company, and 100-200 person startups generally won't need it. If you're in the fintech space, maybe you do.

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