Hot in Enterprise IT/VC - What's 🔥 in Enterprise IT/VC #262
What's 🔥 in Enterprise IT/VC #262Breaking down HashiCorp's S-1 + playbook for building a massive OSS company + The 🐮 Case for Cloud Native and Infra
The moment all of us in open source and infrastructure land have been waiting for is finally here…HashiCorp filed its S-1 and with that we get a peek at the playbook for building a killer OSS company. Before I dive into that, let’s zoom out and enjoy the bull case for cloud and infra as per Battery’s State of the OpenCloud 2021 report. What we all underestimated 10 years ago and continue to underestimate IMHO is the size of opportunity for ☁️ that still remains. Here are 2 great slides to illustrate that. First, look at the valuations of these now iconic infra companies pre-IPO, 1 year after IPO, and today. Twilio is >58x its pre-IPO price. Datadog is up even higher! BTW, what is most interesting about those two companies is usage-based and consumption based pricing also helps juice the ARR over time. Secondly, because of the scale of opportunity, these companies are accelerating growth post-IPO! 🤯 Finally, as I always like to say, cloud and infra spend is a just a drop in the bucket when it comes to overall IT spend. And with that, let’s break down HashiCorp’s S-1 filing not from a numbers perspective but a learnings one in terms of understanding the playbook for building a massively successful OSS-based software company. Check out my 🧵 and also the expanded discussion points with more goodness below. Congrats to @HashiCorp @mitchellh @armon on S-1 filing! Lots of wisdom - founder letter reiterates the power of OSS/infra model
1. Win ❤️ + 🧠 of developers to win enterprise
2. Why OSS matters
3. OSS culture showed way to hire best talent globally
4. Design Matters Mitchell and Armon’s Founder Letter hits 4 key points + 1 I added for all developer first founders…
What a big week for developer first and cloud infrastructure companies! As always, 🙏🏼 for reading and please share with your friends and colleagues! Scaling Startups
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