3 ms·

I hope Hashicorp survives. A few higher ups I’ve talked to there made it seem like IBM wants to learn from them, not force their old ways onto Hashicorp. We’ll

I hope Hashicorp survives. A few higher ups I’ve talked to there made it seem like IBM wants to learn from them, not force their old ways onto Hashicorp. We’ll see. That one is still pretty new.

gedy 11mo ago
Not to be cynical but that's said a lot in acquisitions by bigger companies to motivate some people to stay, but just doesn't seem to happen.
- embedding-shape 11mo ago
  And even if there is a 20% of executives actually believe in "We should learn from HashiCorp", usually not even that is enough to counter-act the default mode of operation which is squeezing customers. GLHF to remaining HashiCorp believers, but personally I'd try to find alternatives for the software you use from them if you haven't already.
  - rdtsc 11mo ago
    Executives will say anything to boost the next quarter results. After that they get rebooted and start again, and nothing they said before counts for anything.
- everfrustrated 11mo ago
  Usually the internal stakeholder that made the case to acquire the business leaves/gets promoted and new managers come in and start the assimilation process.
- jerlam 11mo ago
  And in two years, the acquired management team all leaves like clockwork because they got their retention bonus.
- ljm 11mo ago
  For every incredible journey there is an equal and opposite lesson to be learned
sausagefeet 11mo ago
HCP wasn't any prize when they got bought, though, right? HashiCorp Cloud was more like a fog in terms of growth. A bunch of products got lost a long the way (Boundary? Waypoint?) HCP lost 50% of its IPO value by the time it was bought. Yes, I know IPO's are high and always go down, but it went from around a $14bn valuation to being bought for something like $6.5bn.
- apgwoz 11mo ago
  Not to mention HashiCorp bled talent before the acquisition was even announced (BUSL started it) and it didn’t really stop as far as I’m aware.
- rdtsc 11mo ago
  I never quite figured out why IBM even bought them. Terraform? Wasn’t there an open source clone by that point?
  - denimnerd42 11mo ago
    terraform and vault are both sticky products
AdmiralAsshat 11mo ago
They said the same thing about Red Hat. The fact that Whitehurst resigned from IBM should tell you something.
- stbenjam 11mo ago
  I'm pretty sure Jim had aspirations of being IBM CEO but they picked Arvind instead.
  - robszumski 11mo ago
    exactly. standard move when you aren't going to get a second shot.
pengaru 11mo ago
My friends at RedHat were embracing similar forms of copium. By now they've all either moved on or are actively hand sitting while exploring options.
hazmazlaz 11mo ago
Judging from what my contacts say, I would not hold my breath. HCP is going to get smashed by bureaucracy and bigcorp bs just like all other IBM acquisitions. All you have to do to verify this is look at linkedin and track the departures of the the acquired staff.
rdtsc 11mo ago
They tell that to every company they buy

I hope Hashicorp survives. A few higher ups I’ve talked to there made it seem like IBM wants to learn from them, not force their old ways onto Hashicorp. We’ll see. That one is still pretty new.

gedy 11mo ago

Not to be cynical but that's said a lot in acquisitions by bigger companies to motivate some people to stay, but just doesn't seem to happen.

embedding-shape 11mo ago
And even if there is a 20% of executives actually believe in "We should learn from HashiCorp", usually not even that is enough to counter-act the default mode of operation which is squeezing customers. GLHF to remaining HashiCorp believers, but personally I'd try to find alternatives for the software you use from them if you haven't already.
- rdtsc 11mo ago
  Executives will say anything to boost the next quarter results. After that they get rebooted and start again, and nothing they said before counts for anything.
everfrustrated 11mo ago
Usually the internal stakeholder that made the case to acquire the business leaves/gets promoted and new managers come in and start the assimilation process.
jerlam 11mo ago
And in two years, the acquired management team all leaves like clockwork because they got their retention bonus.
ljm 11mo ago
For every incredible journey there is an equal and opposite lesson to be learned

sausagefeet 11mo ago

HCP wasn't any prize when they got bought, though, right? HashiCorp Cloud was more like a fog in terms of growth. A bunch of products got lost a long the way (Boundary? Waypoint?) HCP lost 50% of its IPO value by the time it was bought. Yes, I know IPO's are high and always go down, but it went from around a $14bn valuation to being bought for something like $6.5bn.

apgwoz 11mo ago
Not to mention HashiCorp bled talent before the acquisition was even announced (BUSL started it) and it didn’t really stop as far as I’m aware.
rdtsc 11mo ago
I never quite figured out why IBM even bought them. Terraform? Wasn’t there an open source clone by that point?
- denimnerd42 11mo ago
  terraform and vault are both sticky products

AdmiralAsshat 11mo ago

They said the same thing about Red Hat. The fact that Whitehurst resigned from IBM should tell you something.

stbenjam 11mo ago
I'm pretty sure Jim had aspirations of being IBM CEO but they picked Arvind instead.
- robszumski 11mo ago
  exactly. standard move when you aren't going to get a second shot.

pengaru 11mo ago

My friends at RedHat were embracing similar forms of copium. By now they've all either moved on or are actively hand sitting while exploring options.

hazmazlaz 11mo ago

Judging from what my contacts say, I would not hold my breath. HCP is going to get smashed by bureaucracy and bigcorp bs just like all other IBM acquisitions. All you have to do to verify this is look at linkedin and track the departures of the the acquired staff.

rdtsc 11mo ago

They tell that to every company they buy