Earlier quoted context omitted.
Almost certainly
why he stepped down as CEO, then CTO and now IC?
He's a true engineer at heart. This is him at Dev Tool Time recently: https://srcgr.ph/mitchell-hashimoto
HashiCorp – S1
91–100 of 277 posts
Re: HashiCorp – S1
#92My 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…
I feel I need to reply with my thoughts.
- Vault is not niche - it’s THE way to manage pki and credentials if you’re half serious about security. Which is why you’re now are starting to see managed vault.
- Consul - EVERYONE should use service discovery, cloud or not. It’s indispensable for numerous reasons. If you doubt it’s relevance, check out the Kubernetes integration work - there’s a reason for that focus. You need service discovery if you operate at any sort of scale, spanning multiple providers and teams (Azure have a managed consul offering btw).
- “Trust” nomad? The team and I have used it since 0.4 and 0.6 in full production at two different companies. K8s as well, but it lacks the unix vibe of “one thing, and do it well”, which is something you get with nomad, consul & vault. Nomad has been rock solid and I’ve so far had no reason to not “trust” it, 100s of thousands of deploys later.
- terraform spans many providers. It’s a good tool, not without it’s quirks. But I’d rather have one quirky tool than multiple quirky vendor ones. Also, we use TF for basically everything - even the stuff we host in-house through lxc and postgres for example, and through home grown providers as well.
I could write pages on the hashicorp products!
Re: HashiCorp – S1
#93Pretty funny to see this less then a week after Roblox had a huge extended downtime due to issues with their HashiCorp platform (https://news.ycombinator.com/item?id=29044500). Obviously the two events are almost certainly unconnected, but it must have been a very busy week at HashiCorp nonetheless
Re: HashiCorp – S1
#94Im gonna take this moment to plug cdktf: https://github.com/hashicorp/terraform-cdk
It's something I have been playing with recently and oh boy the possibilities here are really exciting.
Re: HashiCorp – S1
#95Off-topic but HashiCorp sounds a lot like the name of a company that manufactures life-like androids in a cyberpunk setting.
Re: HashiCorp – S1
#96Holly 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…
> 1500+ employees
According to LinkedIn the average tenure of employees is a little over a year (likely to hit the vesting cliff and bounce).
Two months ago they didn't have the staff to review pull requests: https://news.ycombinator.com/item?id=28425849
You can love the product, but investors are ultimately betting on the company - which seems shaky.
Re: HashiCorp – S1
#97When Armon giggled then laughed at me as I asked him about DigitalOcean buying Hashi back in the day, I knew they'd be a billion dollar company. Armon and Mitchell are as good as they come, certainly two of my favourite people I've met on my startup journey.
I'm beaming with joy at the prospect of becoming a shareholder. Well done team, well done.
Re: HashiCorp – S1
#98My 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…
I really don´t feel K8S have won this battle. I agree people talk more about K8S but i have seen a trend in people that are disappointed with K8S and move against Nomad instead. I guess K8S is too messy. It´s like taking a 2015 enterprise vsphere datacenter environment and containerizing it. Too many layers..
But of course, there´s no fully managed Hashicorp offer for all products in GCP or AWS, Azure....
Re: HashiCorp – S1
#99I 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"
They're making hundreds of millions of dollars per year. They have software economics, not commercial real estate economics. Most software companies are "hemorrhaging cash" by the time they file an S1, because if you invent a machine that turns nickels into dimes, the obvious thing to do is spend all your money making as many of those machines as you can, not cranking a small number of them for a small, consistent stream of dimes.
Re: HashiCorp – S1
#100Holly 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…
If that’s $260M pa for 1500 employees then that works out as $40k revenue per employee per quarter.
Compare with APPL and FB doing [correction: over $600k] per employee per quarter.
Not a value judgment. But I only recently started noticing these numbers and it really puts the big players’ spending power into perspective. Hiring engineers away from FAANG is incredibly expensive.
Edit: thanks for the corrections in the replies. I read figures for FB and AAPL that are reported quarterly but missed that they are for a trailing 12 month period, not for the quarter itself.