davinci123

Majority of the CEOs are not using it themselves so they have no idea the real-life issues of building with AI. They believe whatever they read on Twitter. They assume if they throw AI at the problem, reduce headcount, flatten the org - miraculously everything will be solved. Many companies are up for a reality check and the AI-calypse is coming...

CloudBees DevSecOps Platform is an end-to-end CI/CD workflow solution built on Tekton, uses a GitHub Actions style domain-specific language (DSL), and adds feature flagging, security, compliance, pipeline orchestration, analytics, and value stream management (VSM) into a fully-managed single-tenant SaaS, multi-tenant SaaS or on-premise virtual private cloud instance.

I bet there are 100 other Okta customers who saw something similar and are on reporting on it - props should be given to 1Password to publicly talk about this. All this shows how interconnected the cloud world is and there is nothing called absolute security. You want absolute security -> crawl back into the on-prem world.

Okta messed this up big time. Companies get breached all the time but how they handle the breach shows the maturity/mettle of the leadership team. This is the second time their comms strategy failed miserably. They need to immediately re-evaluate their incident response operating structure. Cloudfare has some good suggestions.

You can do approximate math from Series C, where they raised $130M at $1.5B valuation - announced in May 2021. The ARR multiples in 2021 was 50X NTM ARR. They potentially hit $30M by end of 2021 (raised sometime late 2020/early 2021).

Now even if they grew at 40-50% YoY CAGR (which is on the bullish side) - $60M-$70M ARR, approximately giving them a 10-12x ARR multiple for NTM revenue, put them squarely in the median to high-end valuation mutiple for PLG companies growing at 30-50% YoY (https://www.meritechcapital.com/benchmarking/historical-trad...)

Almost like buying a retail product for $9.99 :D

Atlassian has a record of failed acquisitions: Bitbucket, HipChat, Trello, OpsGenie,.. and the list goes on. Add Loom to that list.

In this market, when every single collab company is struggling, Atlassian goes and acquires a collab company when there are so many companies in the DevTools space or get your pick in AI. Spending a billion on a video sharing tool? Unsure what they were thinking and who all are advising the founders. I see the Aussie connection though..

lo and behold: https://karl-voit.at/cloud/

Privacy is a myth in today's world. It has become a marketing anthem for many including Apple. If you are using a product for free, you are giving something in return aka your data.

Also do you realize everything you do offline is being collected as well - your credit card transactions (visa knows more about you than Google), camera at traffic stops or your favorite restaurants, government listening to your phone call, etc. etc.

I don't know which world you live in - it was never an enterprise first company. From the very beginning it catered to teams (not orgs) and refused to sell to the enterprise.

agreed, i will qualify it more as SV developers which is like maybe 20-30% of the dev population?

Funny anecdote - "Jira is still growing and I have personally talked to many developers who love it". There is an inherent bias in Hacker News on certain stories or perceptions getting amplified. This is primarily the silicon valley echo chamber.

I have been reading about how Jira is going to die for the last 10 years. It has not happened yet. And I don't foresee it happening in the near future - there are so many competitors in the graveyard: Asana, Monday, ClickUp, Product Board, Clubhouse, and Linear will be next.

I think this is the section: "In today’s model, an automation rule that is configured to run in a single Jira project does not count toward the usage limit. In the new model, all automation rule types (i.e. single project, project type, multi-project, and global rules) will count towards the usage limit."

ya as someone else already noted - Splunk is not for you

when you read Hacker News thread - every single one of them feels like the world is falling apart. Splunk is a dud or so everyone here thinks:

https://siliconangle.com/2023/08/23/splunk-shares-surge-stro...

@samaltman how is this open? what was the reasoning behind not releasing any of the underlying models?

Do anyone here actually belief that Linear can replace Jira? Or is it going to be another tool which will hit the graveyard as soon as they try to go upmarket?

This is the biggest reason why MFA codes shouldn't be in the cloud. Use SMS-based MFA which is much more fool-proof though a pain in the ass. I have stopped using software based MFAs for this particular reason.

I think the biggest moral of the story - don't build a product without considering the switching/adoption cost. Higher the switching/adoption cost, lower the product/market fit.

I have heard this story again and again from so many startups who have built products which provide incremental benefits (1.3x cheaper or 1.5x faster) and not getting enough traction.

Every VC and founder needs to read this post - there are no absolute rights or wrongs. So, whatever worked for Google will not work for Instacart.. whatever thesis of investing worked in the last decade will not work in the next decade.. Start from first principles!