Comment by sausagefeet
7 days 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.
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.
I never quite figured out why IBM even bought them. Terraform? Wasn’t there an open source clone by that point?
terraform and vault are both sticky products