Is Tintri Heading for Pure and Nutanix Territory Financially?
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I use Kimchi for my KVM hosts. It is really nice.
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@pmoncho said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
I don't believe there is anything to stop a private company from getting more VC cash. For some reason there are billions of dollars to burn in the VC and Hedge fund area. Take a look at Uber. Billions burned and the continue on and on raising more money after more money.
These companies are past this point, there is a way to keep growing with VC money and a way not to. These are companies with no financial plans to sell to VCs and that have old debts to settle. It's not like an Uber where they are burning high but growing and have VCs that think it is a good idea to continue.
I think he had a typo though, as these companies are public and that is the real issue - VCs only deal with private.
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@pmoncho said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
I don't know how these companies with no secure plan to make money continue to get millions? Can someone please enlighten me.
A secure plan gets a bank loan. A risky plan goes to venture capital. It's a gamble. That's how investing works. This is how Google and Amazon got so big.
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I get that they gamble. I am an investor but the mentality to throw good money after bad doesn't make sense to me. Initial stages (GOOGL, AMZN, FB, NFLX, etc) and a few years I understand. Companies going on 10+ years, burn immense amounts of cash, high debt and everyone is paid in stock options are the ones I cannot wrap my head around. Good money after bad IMHO.
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@pmoncho said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
I get that they gamble. I am an investor but the mentality to throw good money after bad doesn't make sense to me. Initial stages (GOOGL, AMZN, FB, NFLX, etc) and a few years I understand. Companies going on 10+ years, burn immense amounts of cash, high debt and everyone is paid in stock options are the ones I cannot wrap my head around. Good money after bad IMHO.
Depends. Ones like Nutanix with zero plan, that makes no sense and that's why we are concerned here. Others, like Amazon, that are obviously and publicly trading profits today for market growth, but could be profitable at any moment if they wanted to be make total sense.
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@pmoncho said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
I get that they gamble. I am an investor but the mentality to throw good money after bad doesn't make sense to me. Initial stages (GOOGL, AMZN, FB, NFLX, etc) and a few years I understand. Companies going on 10+ years, burn immense amounts of cash, high debt and everyone is paid in stock options are the ones I cannot wrap my head around. Good money after bad IMHO.
Blame regulations making being public such a pain in the rear. Everyone delays it.
Mark Cuban has written quite a bit on why companies are staying private too long. -
@scottalanmiller said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
Depends. Ones like Nutanix with zero plan, that makes no sense and that's why we are concerned here. Others, like Amazon, that are obviously and publicly trading profits today for market growth, but could be profitable at any moment if they wanted to be make total sense.
But...... they are a cloud software company who makes an HCI appliance that can BACKUP DATA TO THE PUBLIC CLOUD! OMGZ IT'S SO FORWARD CLOUD THINKING! CLOUD CLOUD CLOUD CLOUD! OHHH IT CAN CREATE A CONTAINER ON GOOGLE! OMGZ CLOUDS!
On a serious note, the cloud washing in this industry is awful when someone who makes a hypervisor that doesn't run in/on ANY public clouds can be considered a cloud company.
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@storageninja said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
@scottalanmiller said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
Depends. Ones like Nutanix with zero plan, that makes no sense and that's why we are concerned here. Others, like Amazon, that are obviously and publicly trading profits today for market growth, but could be profitable at any moment if they wanted to be make total sense.
But...... they are a cloud software company who makes an HCI appliance that can BACKUP DATA TO THE PUBLIC CLOUD! OMGZ IT'S SO FORWARD CLOUD THINKING! CLOUD CLOUD CLOUD CLOUD! OHHH IT CAN CREATE A CONTAINER ON GOOGLE! OMGZ CLOUDS!
On a serious note, the cloud washing in this industry is awful when someone who makes a hypervisor that doesn't run in/on ANY public clouds can be considered a cloud company.
Anything that CAN run in public cloud would be enough, even if only used in private cloud. Public vs private isn't the real issue, but cloud vs non-cloud.
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@kooler said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
@fateknollogee said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
@kooler said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
Prism is nice
Will the Starwind version be as nice as Prism?
You can get a basic understanding of how it will look like here:
@KOOLER How is Starwind Manager coming along? Is it ready for beta?
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@scottalanmiller said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
Anything that CAN run in public cloud would be enough, even if only used in private cloud. Public vs private isn't the real issue, but cloud vs non-cloud.
Which is what VMware CLoud on AWS is. Running ESXi on bare metal servers in AWS. Fully automated and managed vCenter, NSX, vSAN and elastic DRS (hosts added to the cluster), with in AZ connectivity (nice on the meter) to EC2 and other services. It's basically a private cloud embedded inside a public cloud.
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80mil cash, 70mil debt. GAAP Net Loss of $51.7m for the quarter. They are running out of money fast.
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@penguinwrangler said in Is Tintri Heading for Pure and Nutanix Territory Financially?:
I use Kimchi for my KVM hosts. It is really nice.
I mostly use kimchi on tacos and Korean BBQ.....
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https://cormachogan.com/2016/01/18/where-are-they-now/
Good read of the boneyard of storage companies.
