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Friendly reminder that Tailscale is VC-funded and driving towards IPO (betakit.com)

submitted 1 year ago* (last edited 1 year ago) by avidamoeba@lemmy.ca to c/selfhosted@lemmy.world

245 comments fedilink hide all child comments

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.

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[–] fuckwit_mcbumcrumble@lemmy.dbzer0.com 37 points 1 year ago (2 children)

Would you rather a difficult and hard to use program?

Easy to use means people will want to adopt it, and that's what VC companies want. Nobody wants to pay millions of dollars to make a program that nobody wants to use.

[–] lka1988@lemmy.dbzer0.com 54 points 1 year ago* (last edited 1 year ago) (1 children)

My problem isn't directly with the programs - my problem lies with VC funding in general. Because they will come back for their money, and the project will inevitably enshittify and shove out enthusiasts in the never-ending search for infinite money.

The solution is getting rid of VC bullshit entirely. But we all know that will never happen.

[–] DarkDarkHouse@lemmy.sdf.org 4 points 1 year ago

I'm just a rat who got pied pipered AGAIN

[–] mobotsar@sh.itjust.works 3 points 1 year ago

would you rather ...

If it means no VC, yes, without a doubt. That's kind of the point.