A company with ~60 employees raising $70M seems pretty noteworthy to me.
That's a lot of cash to go toward 14 jobs https://fly.io/jobs/.
That's a lot of cash to go toward 14 jobs https://fly.io/jobs/.
"$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.
proceeds to not really talk about it
> 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.
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.
what OP is asking is, what did the investors receive in exchange for giving fly the money.
by this point, it's hard not to conclude that OriginalMrPink and I are being wilfully misunderstood here.
OP is interested in more details about the deal, particularly what power the investors might have, to ascertain for himself to what extent the investment might change the business.
You might have found your audience. But for me the tonality of the post felt way off.
Raising lots of money to hire 2 people is a funny flex, so I sort of wanted to leave this unanswered, but I also don't want to miss an opportunity to put on a hairshirt and talk about things we fucked up.