Comment by shofetim
2 months ago
Woot!, they are on a tear:
2023: Series A 44 Million https://oxide.computer/blog/oxide-unveils-the-worlds-first-c...
2025: Series B 100 Million https://oxide.computer/blog/our-100m-series-b
2026: Series C 200 Million https://oxide.computer/blog/our-200m-series-c
2026: Series D 445 Million https://www.sec.gov/Archives/edgar/data/1795071/000179507126...
I don’t know who needs to hear this but raising a ton of money is not success.
Also interesting from their Series C press release from earlier this year:
> With this large Series C, we have entirely de-risked capital going forward, which in turn assures our independence.
> I don’t know who needs to hear this but raising a ton of money is not success.
You don't raise this much money this fast without having some success to show the investors.
Oxide raising this much money is a big accomplishment.
> You don't raise this much money this fast without having some success to show the investors.
I’m pretty sure the dotcom bubble had many counterexamples
8 replies →
Good points.
>I don’t know who needs to hear this
Plenty of people on this forum need to hear it. Because they think otherwise.
>but raising a ton of money is not success.
Yes. It's not even an accurate predictor of future success.
>With this large Series C, we have entirely de-risked capital going forward, which in turn assures our independence.
Independence from whom?
If they mean from everyone, they left out two important categories:
The Series C givers.
The other big C. Customers.
They mean is that they are much harder to acquire. Their goal is to become an independent public company.
4 replies →
It’s success compared to the other possibility: not raising money and going out of business. We still cheer when a rocket separates from the first stage and ignites the next. Things going as planned during a risky and challenging endeavor is still a good thing.
And it is not success compared to another possibility, earning enough money to not need further fundraising. Of course some businesses are more capital intensive and have longer time-to-money timelines due to factors outside the control of the company, and in that case fundraising is an essential tool for a long time.
1 reply →
It's success, just not what you consider success.
- stupid question: how do you go about raising that kinda money consistently
- like why wont you fund me a few million dollars to build my deep edtech startup
- like what guarantee does this guy give you which i cant
Being the "Apple" of enterprise compute (ie. vertical hardware software integration), solving the layers of aggregrate cruft that every single player in the Linux space (including Facebook/Google and other hyperscalers to some degree) have to deal with for compatibility since no one company has enough leverage to clean up poor or outdated legacy decisions in the stack. This is just a bigger market than anything EdTech, and with a real moat. Plus bonafides and actual evidence they are pulling it off, but that's honestly all gravy on top of the market opportunity.
Apple is the survivor of vertical integration on consumer computing, the PC clones were the exception from everyone else in the market.
Apple is now having that aura, only because they got really really lucky before the money collectors shown up at the door.
8 replies →
Product-market fit. Based on prior Oxide announcements, they've been clear the raising is in large part about building out manufacturing to meet customer demand. In venture capital investing, once you've found a winner (a company that you have high confidence will be successful and will produce returns at some multiple above your investment), you ought to put much more money into that winner to maximize that return.
In the last round Bryan and Steve talked about being over-subscribed, especially from existing investors in prior rounds. That likely means those investors see exactly what I've described: a winner that's worthy of additional funding to pump their total return on investment.
It is easier to raise >$100M than few million.
The pool of people trying to raise >$100M is smaller. Failures (in terms of typical VC exit trajectory) have mostly been weeded out.
lol why are you cheering?
Because they now have money to do cool stuff?
perhaps they like their work
shill. or fan, prolly. i don't use the more current word fanboy. ugh.
(when older words are good enough, why invent a new word. but I see that as a trend. each new generation wants to distinguish themselves from the past one. So they invent new words as one way of doing that. and some of them get adopted into general circulation or use.)
Unless the two words, fan and fanboy, mean the different things, which i'm not interested in checking out anyway.