Cisco Is Said to Have Offered $7B-Plus for DataDog
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Most people assume that this sort of demand would 'kill the deal' but sometimes there are exceptions.
The reason I wonder about this is because it could create what is essentially a very wealthy core team that can already work well together which could then self-fund their next thing without all the hassle of fundraising etc.
I suppose they can do that post IPO as well, but the IPO adds a bunch of work that can really take the 'fun' out of running a company.
1. They're bored and want some challenge.
2. They can't stand being near their wife, husband or kids.
3. They like making money.
4. They're genuinely passionate about whatever niche topic they picked to focus on.
You can only use your toys so much before they get boring.
In fact all my friends who had depression or committed suicide didn't have any responsibility really. I didn't see this pattern for a while though.
Why not? There are all sorts of extremely popular business and government simulation games, dating all the way back to Lemonade Stand on the Apple II to SimCity, to Railroad Tycoon, to Sid Meier's Civilization series. These guys are just doing it in real life.
The same applies for engineering and research jobs: why play Kerbal Space Simulator when you're capable of building something amazing in the real world?
This has yet to be proven. We need an experiment.
That's fun for a week, maybe even a month, then you'd get bored. Humans need purpose and we like structure. Complete freedom terrifies and unsettles us.
Source: All my life I wanted nothing but to have enough cash in bank to take a year off and do whatever. When I got it ... at first I panicked, then I considered the boundless possibilities, then realized I have no idea what to do with that much money, put it in index funds, and went back to work. Now it sits there as a source of comfort and potential.
A modest fuck you fund that makes me feel better and gives me that sense of Oh yeah, if I stop liking my situation, I can afford to do whatever I want for a year or two without compromising my lifestyle
Knowing you can always walk away from a job, project, or client is quite intoxicating.
> Yeah but then I’d be at zero
You'd not be at zero. Everyone's different but when I look back on my life, I treasure the travel I did and its been a regular influence on my perspective of the world ever since. I would love to have a year of FU money but... I don't think I would part with my travel history for it.
I enjoy my current job, but it's still a job. I have people to answer to, politics to deal with, work that I dislike that I have to do in order to do the work that I do like, frustrating people who I have to work with sometimes... the usual.
If that just went away, and I could choose what to do with every moment of my time, and associate with who I wanted, and focus on passions rather than work I don't care about... that would be the best.
I took four months off last year and it was absolutely incredible. Even to the point where when I was (very rarely) bored, I even enjoyed being bored. Sure, four months isn't a year, or ten years, or 40 years, but it just felt like the right way to live. In a weird way it actually felt more structured; I actually planned things with friends (or by myself) at particular times, stuck to the things I'd committed to, exercised more, cooked more, and just felt so unhurried and relaxed all the time.
We'll see, I guess.
Due to some lucky events I was able to maintain some fairly large custom ERP system. After few inital years all the big problems were fixed and I was keeping eye on it for next 10 years. In reality it meant about 1 or 2 hours of work every (other) month and I was paid enough to be confortable, not that much, but enough to live the life I wanted. Kind of universal income reality.
What do you think? Did I missed going to the office? Was I depressed because I haven't been climbing corporate ladder? Nah, it was awesome.
I spent few years traveling, I worked on more then 50 projects (SW and HW), I tried to launch few startups and helped couple VC funded companies, I've even bought farm and and was fortunate to spend a few years with my newly born kids without constantly thinking about some deadlines that was not imposed by me. I never felt like I was wasting my life, quite oposite: I had so much time for exploring various projects and learn new skill and I didn't need to think about will-that-make-it-me-some-money type of questions.
I am currently working normal job (well, it remote and 4-days a week, but still) writing software for banks, telcos and other corporations and it just didn't filled me with purpose or self-actualisation.
All of that _is_ work, just in a different form.
In my case when somebody asked me and I haven't have had much going on I did it, but I haven't chased anything.
I think this is the main goal that people pursuing wealth want to achieve; moving from HAVING to work to WANTING to work. I mean I'm at a stage myself where I can comfortably take a few months, probably up to a year off using my savings; it's making me a lot less attached to my current job, and makes me look a bit more critically at it and at what else is on the market. And it makes me consider working less hours or taking less pay in favor of more enjoyment in my job. (no luck yet in that regard, lol)
Caveat: that's the rich who are self-made. The rich who are 2nd/3rd generation on the other hand, can spend money like there's no tomorrow (source: my experience hobnobbing w/the wealthy haha), and an entire industry has grown to "suport" their needs (swiss watch not enough? here's a swiss watch with diamonds... cartier diamonds, thank you very much. $20 organic, grass fed burger not good enough? here's a truffle infused, foie gras embedded burger for $100, TYVM... ad nauseum).
I showed up and there were a handful of people, turns out the coworker had rented the whole track (and skid pad) for the weekend for “trying out” different driving moves. I expect it cost them less than $100,000 for the weekend.
But the engineer in question here probably had a net worth of more than $50M and yet they came into work every day and built cool stuff.
Now the Sun case was more “typical” of the valley at the time where a company goes public and now there are lots of millionaires in the ranks. Same thing at Google when they went public, and Facebook. In my experience it is the unusual case that the newly wealthy person quits work and pursues a life of idle hedonism.
Not saying that it doesn’t happen, just saying that there is an alternative response to being wealthy.
> Socialism never took root in America because the poor see themselves not as an exploited proletariat, but as temporarily embarrassed millionaires.
At the maturity of a company like Datadog post-would-be-acquisition is all about cross-selling your product into existing enterprise accounts, not necessarily enhancing the product. So this woulda actually save them money.
Say what you want about Oracle, but this is their modus operandi and it's worked.*
*- asterisk bc they have to continually do it like a treadmill in order to stay afloat.
They will usually need to take a discount because as a buyer the risk increases if the whole core team is bailing. Which makes sense. In and of itself there is more than a hint of information arbitrage on part of the seller if everyone is cashing out and moving on.
Access to customers. User data. To remove a competitor from the market. Patents. Because the CEOs bonus depends on market share. To enter a new regional market.
There are lots of reasons to buy a company. Aquihiring the team is just one.
Uhhhh, customers?
My reasoning: I worked in the APM space and there appeared to be an upper limit to how much companies were willing to spend on APM and related technologies that caps the opportunity. In general, the charging per agent/server model runs into trouble on big infrastructure - do I cover production? What about staging? If I don't cover staging, then am I creating a testing/QA problem? Etc. It just becomes a much tougher sell when you get over $500k. Hell, over $200k. I would regularly hear companies say things like "well, we can cover half of production because I can't bring that to our CEO - he'll freak."
So I think that might be part of what we're seeing with New Relic's recent revenue performance (they recently cut guidance on full year revenue). New Relic does about $600m a year and is valued at $3.5b - their max value was about 2x that - so $7b.
Caveats: - Are they growing faster? Absolutely. - Are they a great company? Absolutely. - Does taking the deal and giving up full control of your company always make sense? Of course not. - Is money the only metric of success? No of course not. - Does it matter when you're talking billions? Probably not.
We use OpenDNS (now Cisco Umbrella) at work. I'm often hit with Umbrella pages denying access to random websites. The usual message is that the site "distributes malware", but none of the sites it blocks actually deserve that block. Our security team says they can manually add exceptions, but they have no visibility into why Umbrella blocks particular sites.
We used Meraki WiFi APs at a previous office, and they were abysmal. We had networking consultants come in several times to do site surveys and attempt to fix things, but we were still plagued with connection drops, poor throughput, and weird dead areas that made no sense. Eventually we trashed the Meraki gear and went with one of Cisco's other product lines, and everything works quite well now. (Well, now we just have issues with macOS being terrible at WiFi radio management.)
I don't have any experience with the other two. I also didn't have experience with OpenDNS or Meraki pre-acquisition, so it's possible they've always been bad products, and Cisco has either maintained status quo, or made them better but still bad.
I've used Meraki, Aruba, Ruckus, and Cisco Aironet and have had no problems with any of them. They all have a duty cycle and radios don't last indefinitely. Usually what I find is someone brings in an old Linksys G-band AP and that squelches an area, the older radios are a lot noisier.
[X] Server / cloud resource monitoring and alerting [https://www.datadoghq.com/dashboarding/]
[X] Logging [https://docs.datadoghq.com/logs/]
[X] APM (application performance) [https://docs.datadoghq.com/tracing/]
[X] HTTP/API endpoint checks and alerts [https://docs.datadoghq.com/synthetics/]
The pricing isn't unreasonable, but it adds up pretty quickly if you have lots of devices. The issue isn't unique to Datadog, other similar service have the same pricing structure and price levels.
Big difference in commentary in today’s thread and following one
Do you manually configure these in the web UI? I wasn't able to find an API or repo sync for these last time I looked, and it doesn't seem feasible to manually make sets of synthetics for every environment we manage.
Either way, I've had a worse experience with Cisco products so good for them saying no.
We hadn't used DataDog, but after our whole team kept getting endless semi personalised buddy buddy like spam from their sales people, we all swore off ever even contemplating using them.
Anecdotal: one of my teammates used AppDynamics to track down that our Oracle DBA didn't enable the fix for the LOB extent allocation bug (#6376915) in our 12c database, which manifested as an application performance issue and the DBA team insisted there was nothing wrong on the Oracle layer. I'm thus interested in what DBA's use to monitor so I can better monitor the databases I rely upon myself.
I'm transitioning off of DataDog right now because of this change. My contract came up for renewal and they want to charge me a TON more because of my custom metrics.
All my custom metrics do is track the time of each request. It's basically APM but I've had it setup for years, way before they rolled out APM. So yeah, $15 a host would be awesome if that's actually what the price was. But why would you pay $15 a host and only get CPU/memory charts? That stuff is built into AWS... So I'm not even sure what the $15 gets you that is actually useful.
Or if you realy want to dig deep into api data (like how often is send a credit request with which data) look into axway decisions insight.
My no money side project startup has 5 micro instances and could not imagine paying $75 per month
There is a free tier (up to 5 hosts I think), but yeah. It's that expensive and still people use it!