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Aurornis 3 hours ago

There’s nothing confusing about it. Hardware businesses require a lot of capital to build the hardware.

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colesantiago 3 hours ago | parent [-]

I don't see Hetzner getting into bed with VCs and raising $100M or $200M?

How long until Oxide needs $2BN, $4BN or $8BN from VCs, further getting owned by them?

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neom 3 hours ago | parent [-]

K, well I was on the first/founding team of digitalocean and owned strategy there from zero to just before IPO, we took a bunch of venture, heck if you'd seen our covenants in our lease lines, they made our venture debt look like kittens, yet we IPO'd, and I don't think very many in the digitalocean story are particularly unhappy? VCs do not try to "own companies" they try to exit businesses at a gain.

	▲	colesantiago 3 hours ago \| parent [-]
		> VCs do not try to "own companies" they try to exit businesses at a gain. They do both as they need many multiples to return the fund. And it also sounds very predatory to me and not aligning with any startup's mission other than for the VCs to pressure Oxide to get acquired for over $20BN+ or go to the public markets. Not even Hetzner did this. DigitalOcean could have followed Hetzner, but I guess VC money is very attractive and now DigitalOcean is now the slave of Wall St. Going into deals with VCs and IPO'ing to Wall St. always leads to enshittification.