Honestly I’m kinda not a huge fan of Hashicorp these days. They’re super late to managed services and they’re incredibly expensive.
HashiCorp IPO today
91–100 of 206 posts
Re: HashiCorp IPO today
#92Earlier quoted context omitted.
Employees’ ISOs are computed based on the most recent 409A valuation / share price. If an employee joins with ISOs based on a $40 share price, and the market price is $35 or $15 a quarter or two later, it is bad for morale. A bump, even a small one, means everyone is “in the black”, which is good for morale. Once employees are transitioned to RSUs, it’s less of a concern, because they’re still making money, just less…
You are confusing ideas, unless I am misunderstanding you. Any ISO's pre-ipo will have some strike price, that is typically rooted in some valuation- the valuation per share is really just a function of the number of shares outstanding and this routinely gets adjusted right before the ipo, but the value of those ISOs or other grant types remains the exact same- its the same as reverse split where the share price doub…
> The only way having an IPO go down on the first day actually hurts an employee is if they start that day or are granted stock or options at the IPO price.
This does routinely happen, because the 409A valuation for the quarter or more prior to an IPO is usually pretty close to the IPO valuation. Anybody who joins a company during that window of time will get ISO grants with unfavorable strike prices (prices close to the IPO price). These options could be worth nothing post-IPO if there’s a slump (in contrast to RSUs, which will always have value).
The difference between a company’s valuation and share price is important but irrelevant to this conversation as far as I can tell. Sorry that imprecise language on my part in my earlier comment created that distraction.
Edit: To be clear, the problem is not the bump or the slump (I tend to agree that it should be irrelevant, and if anything as a shareholder you may prefer a rational slump). Rather, it's the practice of granting ISOs at a soon-to-be market strike price that is the problem. The people with unfavorable ISO strike prices should be upset due to the strike price, not any slump or bump; but if there's a slump, they usually (incorrectly, IMO) blame the slump, and so the slump gets a bad rap internally. On the flip side, although I've never been in the position to make this decision, I find it unconscionable to offer ISOs as part of a compensation package within 6 months of an anticipated IPO date.
Re: HashiCorp IPO today
#93Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?
At my company, they don't want to deploy OSS Vault on prem. Apparently we need the enterprise edition, because it is easier for our operations team.
Having used vault quite a lot, I'm not really sold on it. Do you see any value in this tool? I've done the whole sidecar mess, middle of the night three keys unlock like we're arming a nuclear weapon and everything, and most of the time it's just been a total faff and imo security theatre vs actual security.
End of the day, the secrets are being written to a .properties file or /proc//env somewhere anyway and can be read by whomever has the permissions or the shellcode to do so..
Re: HashiCorp IPO today
#94Don’t understand why anyone would need their cloud products. Who needs Terraform or Nomad or Vault as a service?
I really like Vault as a stand-alone architectural solution fwiw. Great tool. I’ve seen interest increasing in Nomad lately as well. More conversations about it. Terraform has a huge following though.
k8s won, it's kind of madness not to get onboard at this point. Yes, sure, you can do the 'same things' (almost) with nomad apparently less complexity, but k8s isn't anywhere as hard as it was a year or two ago today..
Re: HashiCorp IPO today
#95Earlier quoted context omitted.
I really like Vault as a stand-alone architectural solution fwiw. Great tool. I’ve seen interest increasing in Nomad lately as well. More conversations about it. Terraform has a huge following though.
k8s won, it's kind of madness not to get onboard at this point. Yes, sure, you can do the 'same things' (almost) with nomad apparently less complexity, but k8s isn't anywhere as hard as it was a year or two ago today..
I think they were just saying they see more people talking about it, not vouching for one side or the other.
Re: HashiCorp IPO today
#96Earlier quoted context omitted.
It may be cynical but it's also totally true.. I've personally gone through this whole cycle two separate times from smallish company -> private sale -> IPO shortly after. (~30th engineer in one and 11yrs, then day-one for the other and 7yrs). Say you joined a company relatively early. If you're still around years later by an IPO, you probably liked that early environment where you had low-to-no management overhead,…
The golden handcuffs can be pure torture. Your soul is being ripped out daily as the new leaders destroy anything that was great about the place. You go to an event and you can't even recognize the place anymore; interlopers everywhere and you're the outsider. You smile and cheerfully agree with them about "how amazing the culture is here" even though they've ruined it already. But you're 2 months away from an early…
You get out of my head, this instant
Re: HashiCorp IPO today
#97Earlier quoted context omitted.
"please buy us with the money!"
Starting to see this a lot, and it makes all the words of encouragement feel fake, because it is always using words like "we" and linking back to their own stuff. It comes off as hollow. nerds: stop bringing your own cake to other people's birthday parties.
Yeah, unless it's ice cream cake. I'm a sucker for that...
Re: HashiCorp IPO today
#98Earlier quoted context omitted.
They're like Docker for DevOps? > ...a common confusion is multi-cloud vs. multi-vendor services. The latter is way more common, especially at smaller companies. Tools like Terraform are often touted as "multi-cloud" and people ask questions like "Why would I use Terraform if I use only AWS?" And the easy answer to that is tools like Terraform allow you to manage anything with an API as code. For example: do you want…
Multi-cloud is a nice idea, but not for everyone. Where i'm at it has been SQL Server for the last 12 years and now Azure for cloud services. It's highly unlikely that will change for the next 10 years. And almost equally unlikely that Terraform will be used instead of ARM templates and Bicep.
It's not unrealistic to expect a stack that includes Azure, GitHub, Datadog, Okta, Pagerduty, and more for a single application. Terraform handles and ties them all together well with a single application focused configuration.
Re: HashiCorp IPO today
#99So they sell orchestration tools for managing server farms, right?
Re: HashiCorp IPO today
#100Earlier quoted context omitted.
I would have preferred HCL
I don't know a single person who prefers HCL over literally anything else, but still, it's a happy day for them so I won't air my entitled little complaints and instead say: thank you hashicorp! You made life as a cloud infra beard better for a while, and I wish you all success going onwards.
I like HCL vs JSON for Packer, mostly by virtue of supporting comments.