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.worldEnglish
    2·
    6 hours ago

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

    • Mordikan@kbin.earth
      21·
      6 hours 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.worldEnglish
        1·
        5 hours 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·
          4 hours 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.worldEnglish
            1·
            4 hours 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·
              4 hours 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.worldEnglish
                2·
                3 hours ago

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

                • Mordikan@kbin.earth
                  11·
                  2 hours ago

                  Ok, this is your summarized argument: Accel is going to gut the company and run it into the ground because that’s what they do, but they haven’t ever done that, but they could, so they will, so that’s the same as doing it, although they haven’t, but it will happen in the end because that’s what they do, but they don’t.

                  Its not a strawman if what you say is in fact a weakly constructed idea. Its just a weakly constructed idea then. Its nothing but vague generalizations and “what ifs” you posted. Let me just put it this way: evidence or stfu.