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I'm not doubting this at all. But let me be more specific what I don't like about their communication. "$70MM led by EQT Ventures." That's awesome, but what ar
by OriginalMrPink 3y ago
I'm not doubting this at all. But let me be more specific what I don't like about their communication.
"$70MM led by EQT Ventures." That's awesome, but what are you giving away for this? Are founders selling their shares? Where is the beef? $70M can be everything and nothing at the same time.
"There are customers who are comfortable engaging with tiny Fly.io, and others who are comfortable engaging with the Fly.io that raised an additional $70M led by EQT ventures." I'm pretty sure that your enterprise customers are already wowed by a 25M infusion by AtoZ. So again, where is the beef, especially after stating: "Why do startups write announcements like these? We went back and forth on it. There are lots of reasons, most of them dumb."
I can keep going with more examples. But the headlines says it all. The 70M clickbait 'we raised a bunch of money" - wow, so chill, bruv.
- comice 3y ago> We’re all adults here, we can talk about this stuff, right? proceeds to not really talk about it
- tptacek 3y agoWhat more were you hoping to hear? We were really blunt about it. We wrote this post in attempt to sign Alcoa as a customer.
- comice 3y agoas the OP says: > but what are you giving away for this? Are founders selling their shares? Where is the beef? $70M can be everything and nothing at the same time.
- deleted 3y ago[deleted]
- tptacek 3y agoYou get that there's a whole section of this post headlined "Why We Raised A Bunch Of Money", right?
- comice 3y agoyes and I reread it a few times in case I was missing something. I even turned my adblocker off in case it was removing the section that answers OP's questions but it didn't appear. It's obviously perfectly fine if you don't want to or can't answer those questions and nobody is owed answers to them. Just, you're known for a straight talking style so the omission is conspicuous.
- tptacek 3y agoI honestly don't know what it is you're looking to hear. We said what we're using the money for: hardware, rolling out more regions, and a bunch more support and infra engineers.
- comice 3y agoyou are telling us what fly will be spending the money on. what OP is asking is, what did the investors receive in exchange for giving fly the money.
- tptacek 3y agoStock.
- comice 3y agothis might be the weirdest conversation I've ever had on this weird site.
- JamesBarney 3y agoI think the we give you stock, you give us money, we spend that money hiring is the a pretty common event.
- OriginalMrPink 3y ago"Why We Raised A Bunch Of Money" doesn't answer any of the questions above. I've seen private equity rounds disguised as traditional founding rounds, which is neither very transparent, nor very honest. Raising 70M just shortly after a 25M round makes me feel like there was more at play then just 'raising' money tbh. But I might be totally off here - but therefore disclosing a bit more than you currently do might be really helpful.
- tptacek 3y agoNone of this makes any sense. No PE firm buys a company like Fly.io. I honestly don't understand what either of you are getting at, but I'm confident when I say "you're way off".
- OriginalMrPink 3y agoReally? What are you going to tell them after they signed? "You bought it, suckers!" You might have found your audience. But for me the tonality of the post felt way off.