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by ignoramous
1180 days ago
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Speaking personally, the fate of Docker, Inc. was clear to me when they took their $40M Series C round in 2014. I had met with Solomon in April 2014 (after their $15M Series B) and tried to tell him what I had learned at Joyent: that raising a ton of money without having a concrete and repeatable business would almost inevitably lead to poor decision making. I could see that I was being too abstract, so I distilled it -- and I more or less begged him to not take any more money. (Sadly, Silicon Valley's superlative, must-watch "Sand Hill Shuffle" episode would not air until 2015, or I would have pointed him to it.) When they took the $40M round -- which was an absolutely outrageous amount of capital to take into a company that didn't even have a conception of what they would possibly sell -- the future was clear to me. I wasn't at all surprised when the SVP washouts from the likes of VMware and IBM landed at Docker -- though still somehow disappointed when they behaved predictably, accelerating the demise of the company. May Docker, Inc. at least become a business school case study to warn future generations of an avoidable fate! - Bryan Cantrill, https://news.ycombinator.com/item?id=28460504 |
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