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I love DigitalOcean, my second favorite hosting company so this is concerning. As a recent Layoff survivor, this whole paragraph sets off alarm bells: > In tha
by ogre_codes 7y ago
I love DigitalOcean, my second favorite hosting company so this is concerning. As a recent Layoff survivor, this whole paragraph sets off alarm bells:
> In that context, it’s notable that the company not only appointed a new CFO last summer, but also a CEO with prior CFO experience. It’s been a while since DigitalOcean has raised capital. According to PitchBook, DigitalOcean last raised money in 2017, an undisclosed amount from Mighty Capital, Glean Capital, Viaduct Ventures, Black River Ventures, Hanaco Venture Capital, Torch Capital and EG Capital Advisors.
Nothing in particular, but finance guys and VCs tend to squeeze companies dry or push hard for acquisitions. Hopefully I'm wrong here.
- wastedhours 7y agoMight there be an opening bell in their future... almost entirely likely.
- esdott 7y agoThis exactly. I’m too tired to do some basic googling for citations but anecdotally speaking, I believe hiring financial oriented leadership like this and trimming the organization of “perceived” fat (management) is right out of the going public playbook.
- gscott 7y agoMore likely being sold to Cloudflare
- pc86 7y agoAcquisition wouldn't necessarily be terrible depending on who acquired them. Obviously if it's a direct competitor that's bad news, but there are some markets where adding a hosting provider could be a benefit.
- dghughes 7y agoI love DigitalOcean too they have great tutorials. It's one of the best sites around for clear, well-written tutorials.
- creeble 7y ago2nd that, said elsewhere too. If there are multiple tutorials on installing a package, I always pick the DO one first!