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Hey, thanks for that. I started reading through it and it seems like they are largely on AWS and have a $225 million 3 year commitment with them. > The table d
by actuator 7y ago
Hey, thanks for that. I started reading through it and it seems like they are largely on AWS and have a $225 million 3 year commitment with them.
> The table does not reflect the enterprise agreement and addendum for cloud hosting that we entered into with AWS in April 2019, or the AWS Agreement. Under the AWS Agreement, we are required to purchase an aggregate of at least $225.0 million of cloud services from AWS through April 2022. Except in limited circumstances, such as our termination of the AWS Agreement for cause, if we fail to meet the minimum purchase commitment during any year, we are required to pay the difference. Neither party may terminate the AWS Agreement for convenience during this three-year term. In addition to AWS, we operate on other cloud hosting providers.
- notyourday 7y agoThat's an insane commit unless they have MFN prices with zero non-resale clauses. Oh, my bad, I keep forgetting that the standard rules of "How not to go out of business by saying 'No'" do not apply to HN startups.