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The writing has been on the wall. They're burning $50M loss last quarter which is mind blowing considering they had a monopoly originally. Michael raised too m
by ckdarby 3y ago
The writing has been on the wall.
They're burning $50M loss last quarter which is mind blowing considering they had a monopoly originally. Michael raised too much money and let everything go to his head and his leadership. The internal chatter I hear is pure technical folks know this is a terrible choice, but "leadership" is so pressured and desperate given the economic headwinds they're trying to cut out any competitors building on top of their success. They refuse to believe their paid offers are just not good enough.
Hashicorp had lost nearly all it's value in the space.
Terraform, terra..what? Pulumi is starting to gain momentum as the long term winner in the space.
Nomad, K8s is mostly destroyed their future outside of some very specific cases around smaller deployments and frequent disconnects with the control plane.
Vagrant, docker RIP.
Consul, coredns and the main reason to use it for service discovery is gone with any of the cloud providers versions like ECS or K8s.
Vault, Pulumi chipping away at the main reason why people buy it which is dealing with TFs lack of encrypting each value in the state file. There are still spots where Vault wins (but open source is all that is needed) such as issuing out temp credentials off of a "root credential".
Packer, lack of overall community adoption even though in automation with hardware it is incredibly needed. Piss poor documentation and experience when getting started with it.
Rest of the services I've never looked at because there hasn't been a gap with a lack of a winner already. License change just means company is dead in my future choices anyways.
- pachico 3y ago> They refuse to believe their paid offers are just not good enough This is the most important sentence, as I see it.
- jen20 3y ago> cases around smaller deployments The size of a usable nomad cluster can absolutely dwarf the (pathetic) scaling capabilities of Kubernetes, largely thanks to the poor etcd API which simply cannot be fixed.
- lamontcg 3y ago> They're burning $50M loss last quarter which is mind blowing considering they had a monopoly originally. Their finances are pretty insane. In 2023 on sales of $475M their operating loss was $297M. And everything is going the wrong direction. They had $163M increase in operational expenses and increased revenue by only $155M. The last quarter they didn't increase revenue at all. I don't see how the stock is worth $5.6B and any more than the $1.2B current liquidation value of the cash that they've got. How did they manage to go public at all?