Corporate VPN startup Tailscale secures $230 million CAD Series C on back of “surprising” growth
betakit.com
Company achieves $2 billion CAD valuation after doubling customer base in 10 months.

Corporate VPN startup Tailscale secures $230 million CAD Series C on back of “surprising” growth

Pennarun confirmed the company had been approached by potential acquirers, but told BetaKit that the company intends to grow as a private company and work towards an initial public offering (IPO).

“Tailscale intends to remain independent and we are on a likely IPO track, although any IPO is several years out,” Pennarun said. “Meanwhile, we have an extremely efficient business model, rapid revenue acceleration, and a long runway that allows us to become profitable when needed, which means we can weather all kinds of economic storms.”

Keep that in mind as you ponder whether and when to switch to self-hosting Headscale.

  • Archer@lemmy.world
    English
    41·
    3 days ago

    “The trend” is making money no matter what. That means they’re gonna screw you over eventually, the countdown has already begun, and it’s just a matter of time

    • Mordikan@kbin.earth
      21·
      3 days ago

      Is there an actual example you can provide of Accel doing that or is this more an emotionally driven statement you have?

      • Archer@lemmy.world
        English
        2·
        3 days ago

        The specific company does not, in fact, matter because VCs have the same set of incentives in the end

        • Mordikan@kbin.earth
          21·
          3 days ago

          So, even if Accel doesn’t do that, which they haven’t done that, they are still guilty of doing that. Ok, yeah. That’s some solid irrefutable logic you got going there. I think I’ll go back to arguing this with commenters who are a little less emotional and more grounded in real world points about the topic.

          • Archer@lemmy.world
            English
            2·
            3 days ago

            Not what I said. I in fact said the specific company doesn’t matter because all VC money seeks to make more money and the easiest way to do that is parasitically jacking up costs to customers every quarter no matter what until the company collapses. Then rinse and repeat, making money each time. Does this screw people over? Absolutely. Are there legal consequences? Nope, so they can do it as many times as they want, forever

            • Mordikan@kbin.earth
              11·
              3 days ago

              Is there an actual example you can provide of Accel doing that

              So… if all VC money does, then you can provide an example of Accel doing this… right? So, go ahead and do that now.

              • Archer@lemmy.world
                English
                1·
                2 days ago

                What you’re apparently not getting is that even if it’s not happening right now, it will in the end. What they happen to be doing or not doing right now doesn’t matter. Look at the rules of the system

                • Mordikan@kbin.earth
                  11·
                  2 days ago

                  ME: So, even if Accel doesn’t do that, which they haven’t done that, they are still guilty of doing that.

                  YOU: Not what I said.

                  YOU: What you’re apparently not getting is that even if it’s not happening right now, it will in the end.

                  So… even if Accel doesn’t do that, which they haven’t done that, they are still guilty of doing that. You have no argument, just strong feelings.

                  • Archer@lemmy.world
                    English
                    2·
                    2 days ago

                    You haven’t accurately summarized my argument in a single comment and are using strawmen