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HashiCorp – S1
- TekMol 5y agoWould be great if someone with knowledge on how to read an S1 could help me figure out these two basic questions: What percentage of the company gets sold in the IPO? And does that money go into the company or does it go to existing shareholders?
- adamsvystun 5y ago> What percentage of the company gets sold in the IPO? S1 does not specify the amount. > And does that money go into the company or does it go to existing shareholders? The money goes to the company.
- otterley 5y ago... after commissions are paid to the investment bankers involved in the offering.
- rogerkirkness 5y agoThe PO in IPO is public offering, meaning new shares are created. So generally speaking, the amount raised goes to the company. Dilution is a factor of what's raised and the vaulation. If you raise a 10% round, you dilute by 10%, so 10% is sold. It varies by company and preference. Existing shareholders can typically sell after the lockup (for common share holders, like founders and employees) and at any time (for preferred share holders, whose shares convert into unrestricted common shares as part of the IPO).
- ac29 5y agoThis S1 does not say how many shares they expect to sell, so at this time its unclear what percentage of the company new investors will hold. Presumably before the IPO date, it will be updated so investors have an understanding of what they are buying.
- TekMol 5y agoThanks. How does one find the complete S1 when it is updated? For example, how can this information be found for Coinbase?
- phonon 5y agoSEC/Edgar Hashicorp https://www.sec.gov/edgar/search/#/dateRange=custom&ciks=0001720671&entityName=HashiCorp%252C%2520Inc.%2520(CIK%25200001720671)&startdt=1995-06-01&enddt=2021-11-04 https://www.sec.gov/edgar/search/#/dateRange=custom&ciks=000... Coinbase https://www.sec.gov/edgar/search/#/dateRange=custom&ciks=0001679788&entityName=Coinbase%2520Global%252C%2520Inc.%2520(COIN)%2520(CIK%25200001679788)&startdt=1995-06-01&enddt=2021-11-04 https://www.sec.gov/edgar/search/#/dateRange=custom&ciks=000...
- TekMol 5y agoAnd in these results is the info on what percentage of coinbase has been sold via the IPO? Where?
- chernevik 5y agoIPOs sometimes sell shares held by existing shareholders. The final S-1 should disclose any sales by existing shareholders. When you see them in roadshow, check for the final S-1. Statements that proceeds will go to the company are not necessarily correct.
- sedatk 5y agoOff-topic but HashiCorp sounds a lot like the name of a company that manufactures life-like androids in a cyberpunk setting.
- Sohcahtoa82 5y agoTheir logo reinforces that. It looks like it had the same designer of the OCP logo from Robocop.
- that_guy_iain 5y agoWhen 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.
- ignoramous 5y agoTo 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-hashicorp https://www.hashicorp.com/tao-of-hashicorp > I've talked about this more with more references in this tweet: https://twitter.com/mitchellh/status/1078682765963350016 https://twitter.com/mitchellh/status/1078682765963350016 > I don't think we've ever claimed cloud portability through "write once run anywhere;" that isn't our marketing or sales pitch and if we ever did make that claim please let me know and I'll poke some teams to correct it. Our pitch is always to just learn one workflow/tool and use it everywhere, but you explicitly WILL rewrite cloud-specific modules/code/etc. https://news.ycombinator.com/item?id=29051020 https://news.ycombinator.com/item?id=29051020
- loosescrews 5y agoI 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.
- hnmullany 5y agoThe Terraform ecosystem worked with VM's - big difference vs. Docker. The VMware ecosystem spends a TON of money on software.
- koffiezet 5y ago
- nightpool 5y agoPretty 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 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
- humantorso 5y agoIm gonna take this moment to plug cdktf: https://github.com/hashicorp/terraform-cdk https://github.com/hashicorp/terraform-cdk It's something I have been playing with recently and oh boy the possibilities here are really exciting.
- michelledepeil 5y agoWhat kind of possibilities do you see? Right now, I don't see the point - It makes sense to use a special language, with a relatively short learning curve, to develop infra as opposed to executable code. But maybe I'm not thinking big enough.
- hackandtrip 5y agoDid not know it existed, extremely cool indeed! By skimming it I still think Pulumi might have a better Dev UX, but surely Terraform is still catching up
- fideloper 5y agoMitchell stepping down to become a "IC" has got to be related to planning for this, right?
- mootpt 5y agoAlmost certainly
- mromanuk 5y agowhy he stepped down as CEO, then CTO and now IC?
- estro0182 5y agoSo the company can bring in outside execs without ousting one of the founders from a C-suite role.
- jldugger 5y agoIf I had to guess: 1. Perhaps because he can. 2. Because being a CEO of a public company comes with a lot of rules around disclosure of material public information and equal access. It takes a special kind of person to disregard general consel and just shitpost on twitter with zero review while directly responsible to shareholders. I don't know what kind of safe harbor Elon thinks Twitter offers but I doubt it applies to Github code review.
- qbasic_forever 5y agoCEO of a publicly traded company is a vastly different job than CEO of a private startup. Your job is to make money for shareholders, not pursue a vision. It's not something everyone wants to do and is likely a lot less rewarding for someone who successfully creates a technology company.
- that_guy_iain 5y agoIf I was to guess, he wants to write code and he started the company so he could write code. He just had to do those jobs along the way to get to the point where he could just focus on writing code and solving problems.
- 1cvmask 5y agoSeems like another success of the hybrid freemium/open source model. I think we will see more of these in the enterprise space.
- boringg 5y agoI think we need to see how it performs in the public markets for a couple years to define success of the model. At this point it is certainly a success for the early investors / co-founders.
- jaxxstorm 5y agoLots 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.
- sam0x17 5y agoAlso interesting to learn that a CRO is a thing. I swear there is a new C-level title invented every few seconds.
- deleted 5y ago[deleted]
- toomuchtodo 5y agoIt’s really just formalizing and enterprising a lead growth role.
- paxys 5y ago"Lead growth hacker" doesn't convey the same amount of prestige
- mateo411 5y agoIt turns out that Revenue is important, which means that there is a C level role to make sure that a company's revenue outlook is good.
- awad 5y agoIt's actually a very common role that encompasses far more than the traditional "head of sales" role
- mikeyouse 5y agoThat's often the case when they have to bring a new executive on for the latter years of a company before going public... Look at page 174 though, Armon owns over 18M shares, the CRO owns 400k. Assuming a share price of even $10/share, the $4M difference in 2021 comp will swing slightly in Armon's direction when his equity stake is worth $175M more than the CRO's.
- deleted 5y ago[deleted]
- endisneigh 5y agoIt'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/ 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?
- shoto_io 5y agoJap, I bet it’s related to this chart https://fred.stlouisfed.org/series/M1NS https://fred.stlouisfed.org/series/M1NS
- yellow_lead 5y agoYou might want to read that footnote about the definition of M1 changing at May 2020
- shoto_io 5y agoOk thanks for pointing out. A high amount of money was printed in that exact timeframe though. What’s a good graph to show that?
- N00bN00b 5y agoJust odd. Why would you change a definition in the middle of an existing chart... Just call it M1a or M11 and add a new chart. Curious what is really going on that I'm not supposed to understand.
- yellow_lead 5y agoYeah, because the end result is people pointing to it as though it's some extraordinary change. My guess would be it was easier and they're lazy bureaucracy.
- boringg 5y agoM1 money supply + endish of a bull cycle of tech companies founded early 2010s (coming out of the 10 year VC timeline) and also SPACs (Assuming SPACs are included that would be the driving reason)
- sciurus 5y agoDupe of https://news.ycombinator.com/item?id=29110469 https://news.ycombinator.com/item?id=29110469
- simlevesque 5y agoit's actually the opposite
- dang 5y agosimlevesque is right - this one was posted a hair earlier, so we've merged the other thread hither. Thanks for pointing it out!
- marc__1 5y agowow > As of July 31, 2021, we served 2,101 customers spanning organizations of a broad range of sizes and industries, compared to 1,473 and 831 customers as of January 31, 2021 and 2020, respectively. > over 300 of the Forbes Global 2000 were our customers >As of January 31, 2020, January 31, 2021, July 31, 2020, and July 31, 2021, our last four quarter average net dollar retention rate was 131%, 123%, 128%, and 124%, respectively. > over 44% of our customers with $100,000 or greater ARR were licensing more than one product
- baby 5y agoWhen can we expect the IPO to be after such a document is published?
- deleted 5y ago[deleted]
- tomnipotent 5y agoUsually within 3-6 months, depending on how many rounds of comments the SEC has.
- farmerstan 5y agoWay too long. Less than a month after filing S-1. Company already went through the rounds with SEC confidentially. Source: wife is c-suite and took company through ipo in the last year.
- tomnipotent 5y agoYou're absolutely right. I took a look at a handful of recent IPOs (Snowflake, Unity, Gitlab) and they all basically had just a month lag between S-1 filing and IPO date.
- mootpt 5y agomy guess is early Dec
- marc__1 5y agoAfter the JOBS act, roadshows can start 15 calendar days of publicly filing the registration statement with the SEC (before it was 21) Roadshow may take 5-20 more days, so we may see them ring the bell by mid-December
- deleted 5y ago[deleted]
- WORMS_EAT_WORMS 5y agoAbsolute legend, rocket ship human Mitchell Hashimoto. I still remember the excitement from Vagrant back in the day (which I think started it all). Here's the 1.0 announcement in 2012. [1] The tools and vision they created after, just amazing coming from a small scrappy startup crew. Which, IMO, is totally wild given the offerings clearly tend to target bigger Enterprise who have bigger teams/apps/ops demand. Then to walk away from $50MM barely older than drinking age. [2] Seriously congratulations to them and the Hashicorp team. Will likely invest and hold for a long time. [1] https://news.ycombinator.com/item?id=3672149 https://news.ycombinator.com/item?id=3672149 [2] https://twitter.com/mitchellh/status/1357445215259250689 https://twitter.com/mitchellh/status/1357445215259250689
- mootpt 5y agoseems like just yesterday: https://twitter.com/mitchellh/status/267047991674810368 https://twitter.com/mitchellh/status/267047991674810368
- ryanisnan 5y agoNewb investor here, but huge hashi user. Do you have any insight as to when stocks become available after an IPO?
- nodesocket 5y agoYou can buy the stock on the first day of trading. If you want to try and get an allocation of shares at IPO price, various brokerages have different processes where you apply. I use E*Trade mostly, but Robinhood does have the best IPO center of any brokerage I have seen.
- wdella 5y agoEver since Vagrant, everything Hashicorp has developed has been outstanding! Furthermore, their open core model and this S1 is an inspiration. I wish all the best for Mitchell, Armon and the team! I have a couple emails from Mitchell H circa 2014. He was doing front line customer support for the Vagrant VMWare Workstation provider -- I think it was just about their first paid offering. I was impressed that the head of the company would take time to help me troubleshoot my busted setup. Incredibly technical and incredibly hard working.
- redwood 5y agoPercentage of quarterly subscription revenue from HCP (and its predecessor cloud offerings): 5.0%
- throwaway95118 5y agoI haven't read the S1; do they describe any recent customer outages due to their systems?
- redwood 5y agoAre you talking Roblox?
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- gigatexal 5y agoI can think of no better person who should get a windfall for all his and his teams hard work than Mitchell. What an awesome human being.
- gigatexal 5y agoFrom 2019 to 2021 revenue quadrupled but net loss only doubled. They’ll be profitable in no time. I will be buying shares.
- ksec 5y agoHolly 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 Bender (nickelcode.com) for the past 6 weeks. We're both daily HN readers and would like to use this as a starting point to show Vagrant to the public. Specifically, I'd like to open up to any questions and feedback, so that the HN community can get to know Vagrant. Your feedback is extremely valued. Thanks! >A bit of background on this project: I work at a development company (citrusbyte.com) in LA. I see new projects almost every couple months, and I'm often working on multiple projects simultaneously due to work, freelance, and personal projects. Managing the development environments between many projects on a local machine became a huge burden and a coworker once mentioned developing in a virtual machine. I thought this was a great idea, and Vagrant was eventually born from it. Really amazing achievement in such short space of time. Congratulations! Edit: I wonder how many company started or partially started on HN that went on to IPO. I know Dropbox is one. Do we have a list somewhere? [1] https://news.ycombinator.com/item?id=1175901 https://news.ycombinator.com/item?id=1175901
- ryanar 5y ago>Mitchell was still on HN yesterday, as he was replying something about Backblaze IPO and its business. Today it is his IPO Maybe that is because he stepped down from leadership to become an IC again? We could speculate that he didn't want to go public, or had no desire to do the S-1 work so he stepped down.
- deleted 5y ago[deleted]
- mirekrusin 5y agoWhere can I see $10B valuation to confirm?
- 5y ago
- ggregoire 5y agoCongrats to the team! Slightly off-topic, if I wanted to buy some HashiCorp's stocks as a non-US resident, what would be my best options? Any good services allowing me to do that somehow, legally and easily?
- simonbarker87 5y agoFind a broker/platform in your country that lets you trade in the stock market they are listing on (if UK then IG and Hargreaves Lansdown are good), join, fill out the W-8BEN so you are able to buy US stock through the platform (they usually make this a 2 minute job) and then place an order when it’s live. You’ll be paying more than the true IPO price as the bank etc get preferential rates I believe but it’s as good as you’ll get
- apayan 5y agoTry out Interactive Brokers. They seem to serve a lot of non-USA customers. Disclosure: A happy USA user.
- nathan_f77 5y agoYou could probably get an account with Interactive Brokers. Here's their list of available countries: https://www.interactivebrokers.com/en/index.php?f=7021 https://www.interactivebrokers.com/en/index.php?f=7021 In New Zealand we also have https://www.hatchinvest.nz https://www.hatchinvest.nz and https://www.sharesies.nz https://www.sharesies.nz. You might have some similar services in your country.
- SassyGrapefruit 5y agoI 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"
- tptacek 5y agoThey'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.
- danielmarkbruce 5y agoYou are right, and this is a decent analogy, but isn't it a lot easier to say: Look at YE 2021, they spent $140 mill on sales and marketing. Next year they could turn that down to $20 million and they would be instantly profitable and almost certainly grow a little bit too. They could also likely slash R&D and G&A by 30-40% without affecting current products. They are very valuable as is, but growing significantly (which isn't free) makes them even more valuable (most likely).
- pertymcpert 5y agoYour explanation had roughly the same number of words but included multiple figures and acronyms while saying the same thing. I don't think that's easier.
- tptacek 5y agoIt's more explicit! You had to take my word for the nickels->dimes machine.
- 5y ago
- hangonhn 5y agoCongratulations! The IPO is a confirmation of what many of us in this field already knew: Hashicorp makes amazing tools. I love Consul so much. I'm glad the larger world will appreciate the great work Hashicorp has done as well.
- misiti3780 5y agoTerraform, IMO is the best piece of software invented for devs in the past 10 years. Congrats!
- gen220 5y agoIs anybody here an HCP user, and would be willing to comment on how valuable adopting HCP has been for your organization? It seems to be a growing contingent of their revenue, in addition to being an interesting product. Curious to get HN's take on it.
- Uberphallus 5y agoPersonally we don't use it in my org, and the mix of on-prem Kubernetes and GKE is just a shitshow. I recently started learning Nomad, and Nomad (+ Terraform for cloud) is the only thing that makes sense (for our use cases). That said, I think higher management is too highly invested in K8s and they won't backtrack on this.
- xwdv 5y agoWill you buy this stock at IPO?
- shubik22 5y agoCongrats 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 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.
- adamsvystun 5y agoLove 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.
- jcdavis 5y agoPretty standard for enterprise SAAS companies.
- stevofolife 5y agoWhy is marketing cost so high, relatively to the other parts of operating expense? What "exactly" are the marketing costs?
- HatchedLake721 5y agoWhy does it seem high to you and what is it based on?
- paxys 5y agoThere 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.
- v1g1l4nt3 5y agoAgree! Here's a recent video of Mitchell at Dev Tool Time proving your statement: https://srcgr.ph/mitchell-hashimoto https://srcgr.ph/mitchell-hashimoto
- doublepg23 5y agoWow, that's a pretty similar setup I'm looking at making in the next couple months. Thanks for the link.
- v1g1l4nt3 5y agoHis vim/neovim config is shared in the article too which is neat. I didn't expect the heavy iPad usage though, but it makes sense for his use cases.
- AtNightWeCode 5y agoMy 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.
- runlevel1 5y agoMulti cloud, hybrid, and on-prem often need solutions that aren't married to a single cloud provider. That's not all companies. It's not even the majority of them. But those companies do tend to be the ones who can afford HashiCorp's premium offerings. Edit: Fix typo.
- vngzs 5y agoA 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.
- jordanbeiber 5y agoI 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!
- picardo 5y agoMitch 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.
- dbetteridge 5y agoMet Mitchell at a smaller Perth conference in 2019 where he did a talk on how Vault came to be. Could tell how much he enjoyed what he was working on and the obvious passion for making better software, actually being down in the weeds and writing innovative things. All the best to him and HashiCorp going forward.
- dcchambers 5y agoHashicorp makes some incredible software and I love their open source culture. Pretty much everyone I know genuinely enjoys using their tools. Congrats to Mitchell, Armon, and the whole team.
- lamroger 5y agoShoutout to Armon who was happy to give a talk at a DevOps for Startups meetup!
- neom 5y agoWhen 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.
- leftnode 5y agoThe impact Vagrant has had on my business is nearly immeasurable (and for free, no less). We're a small startup, and I haven't had the time (or motivation) to learn what Docker, Kubernetes, containers, etc are. Seems overly complex. But, virtual servers I can understand. I've been using Vagrant since 2013 and it ... just works. We've built our own custom box to standardize our development environment as well. If there is one company and person I'd like to mimic, it's Hashicorp and Mitchell. Work to build an amazing product or products, get it ready for a sale or IPO, and then transition into an IC to continue doing what I love: hacking. Congratulations on the success!
- handrous 5y ago> Docker You can basically just treat it like a package manager and config-assistant. It's often easier(!) to configure a Docker image than the corresponding package, or set of packages, in your typical distro. In part this is because documenting where all the config files and data live just kinda falls naturally out of creating a half-decent image, and in part because good images often put commonly-modified config options—which may correspond to multiple changes in the config files—in single environment variables, for common use cases. The main gotchas are making sure you've mapped any data directories to something outside the image (which is trivial to do with command-line options, if you prefer writing bash scripts, or in docker-compose yaml, and very easy to test—add some data, destroy the image, bring it back up, is your stuff there? Yes? Good, you got it) so data isn't lost if the image is replaced or destroyed, and making sure your port mapping isn't doing anything dumb like exposing ports it shouldn't on a public interface. You don't have to use swarm or even actually learn how images work. You can run your application outside of it and just use pre-built official images from PostgreSQL, or whatever, and enjoy a nice, cross-distro, also-sorta-works-on-Mac-and-Windows, consistent set of project daemon dependencies, with an interface that's the same on Red Hat or Gentoo or Arch or wherever, and far more up-to-date than major stable distros (so you could use Debian Stable for simplicity and reliability, for example, but run the latest MySQL or ElasticSearch or whatever on it without mucking with the distro's packages). I find this massively simplifies server config scripts (Ansible, or bash, or whatever) since I can confine those to fairly generic housekeeping things and put daemon config in much-tidier Docker scripts or yaml.
- pphysch 5y agoI love HCP tools, especially the "lesser known" ones like Vagrant and Nomad. Bearish on the now-public company, though. I think they grew too fast and the leadership will squeeze revenue out of their current headline "cloud glue" products (Terraform, Vault, Consul) without having incentive to push their other products. Nomad in particular has a ton of potential but why push it when you can just provide services to enterprise K8s customers. Was major Roblox outage Nomad-related? I have a feeling that someone will come along with a set of CUE-driven tools that have better UX than HCP tools and HCP will go the way of Oracle.
- dreyfan 5y ago> Was major Roblox outage Nomad-related They haven't posted a detailed post-mortem yet but it's more likely consul related that in-turn brought down vault and nomad.
- alephnan 5y agoHe was a class or so above me in university and, being a public university, it was competitive to get into courses. There were more student interest than class availability, so slots filled up quick. Students also squatted spots for their buddies then during the 3am off-hours would play tradesies. The school website were not immediately up to date, either. Mitchell ran a paid service where you get a text message when courses opened up. This would give you a 30-60 second advantage to frontrun the thousand of other students who were concurrently refreshing the course availability page. https://laptrinhx.com/mitchell-hashimoto-is-automating-the-world-1359161374/ https://laptrinhx.com/mitchell-hashimoto-is-automating-the-w... "UW Robot was registering 70-80% of the undergraduate student body and 'was pulling in about half a million dollars a year' for an automation program he only spent a few hours a year maintaining." I think I read about him in the school paper. His parents were not keen on him studying Computer Science, and even after showing the financial success of this one app, they were still reluctant about Computer Science. This resonated with me because my family was actively discouraging me from studying Computer Science. Boy were they wrong. Edit: I found the article! http://sports.yahoo.com/news/25-old-coding-genius-making-141500389.html http://sports.yahoo.com/news/25-old-coding-genius-making-141... This stood out to me: > Hashimoto's dad, who he describes as "a very nice but very strict" Japanese father, didn't think much of his son's love of computers. The cease and desist letter didn't help. His parents limited him two hours a week of computer time. He had to sneak in his coding after they went to bed... $500,000 And Dad Still Isn't Thrilled I recently realized Taiwan has 1/5th the population of Japan, yet disproportionately has 33 billionaires versus Japan's 45. I'm actually living in Japan right now and experiencing first hand the cultural aspect of risk aversion. I fell in love Kyoto and want to be base my startup venture here. It's not the financing gating me. I'd have to quit my employment for I.P. reasons, but then I don't have the visa status to stay in Japan. The business visa is too restrictive, but I actually qualify for permanent residency, which is the ideal legal status in terms of flexibility. The only bit I need to flip is a guarantor rep for P.R., but once again the cultural aversion to risk gets in the way. This makes me appreciate Masayoshi Son because his ventures are quite antithetical to the Japanese modus operandi. But I digress, just some thoughts on cultural aversion to risk and entrepreneurship
- godot 5y ago
- nathan_f77 5y agoAwesome, I'm excited for this. Does anyone know of any services where I could add HashiCorp to a watchlist and get an email notification before/after their IPO? (I'm sure I'll see it on HN or other sites but I want to make sure I don't miss it.)
- ramesh31 5y agoWebull is pretty solid
- uf00lme 5y agoAny idea how to buy at ipo price outside of us?
- kaycebasques 5y agoDoes anyone have an idea regarding when the stock (HCP) will be tradable? It doesn't look like an IPO date has been announced. Perhaps, once an S-1 is filed, the IPO is usually X weeks after that?
- stefanmichael 5y agoHappy to see this, congrats to Mitch! <Void> lives on
- nkotov 5y agoThis is awesome. Hashicorp tools are great and I'd argue that Terraform is one of the most important dev tools in the last ten years.
- shironandon 5y agoI have actively used Vagrant, Consul, Terraform, and Vault and I really have never understood all the fanboyism for Hashicorp. Their products are OK but easily replaceable and often redundant in modern cloud providers. Wish them luck on their attempt to cash in but I for one do not intend to buy any stock.
- nodesocket 5y agoYou are missing the point. They are the de-facto standard in DevOps tooling from one person startups to gigantic public tech FAANG companies. My prediction, HashiCorp after IPO'ing will get acquired.
- antoinealb 5y agoWhich FAANG is public about using one of those?
- 1991g 5y agoApple, mentioning Vagrant: https://jobs.apple.com/en-us/details/200251910/site-reliability-engineer-sre https://jobs.apple.com/en-us/details/200251910/site-reliabil... I could probably find more, but many (most?) large tech companies use one or more of the Hashicorp suite. I don't think it's unfair to say that they are the standard toolset for certain roles.
- nuker 5y ago> They are the de-facto standard in DevOps tooling Im in cloud automation 8+ years. No they are not de-facto standard. For AWS projects, I much prefer Cloudformation. App devs use venv or similar, not Vagrant. I’d use their CI/CD if they had one, like GitLab, but looks like they don’t?
- stevekemp 5y agoI've used terraform in 50% of my jobs over recent years. But even in the companies where I've used AWS and cloudformation we still use Hashicorp tooling. For example we use cloudformation at the current company to handle our AWS infrastructure, but the AMIs launched are generated with packer.
- robertwt7 5y agoOmg I still remember vagrant as the state of art for the job back then. Great job Mitchell, one of the company that I have respect on goes public!! Good luck!!
- gtirloni 5y agoHashiCorp is like Docker Inc done right.
- m0zg 5y agoLots of IPOs out there (~3x the normal number). Looks like companies are betting hard times are ahead and trying to create cash floats to sail the rough waters.
- pid-1 5y agoLove all their products. Best of luck!
- sydthrowaway 5y agoIsnt this a wrapper script over VirtualBox?? Whats the value?!
- rmetzler 5y agoYou probably talk about Vagrant, which is only one of the Hashicorp tools. It's probably the most developer centric of them. But Hashicorp has a lot of tools which make sense as building-blocks in a software architecture or in CI/CD pipelines. Most of the tools I would put in the DevOps space, so they enable people to build, deploy and release more consistently.
- baby 5y agoThat hashicorp golang code is some of the best code I’ve got to read as a pentester. Looking forward to the IPO.
- kccqzy 5y agoI've been using Terraform since 2018 and I love it. A benefit of using Terraform to explore AWS features is that I basically have the peace of mind that everything I create can be easily deleted when I'm done. That alone is huge. Plus, when I create cloud configuration via text, I seem to have a better mental understanding than clicking things in the console. Congrats! I'm certain to buy the stock.
- trueman3 5y agoyikes all of SV is raining men from cloudflare into graves tonight
- mekster 5y agoIs it just me that while I hear good things about their product, I don't find the need to use their product? Do they have a product that has no good competition or is the first choice as a tool? Nevertheless, nice accomplishment.
- bugsense 5y agoIt will be interesting to watch what new products the launch. I guess a monitoring solution would be next. Netdata could be a good fit with agent-first approach.