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by tptacek 1080 days ago
What more were you hoping to hear? We were really blunt about it. We wrote this post in attempt to sign Alcoa as a customer.
2 comments

Really? What are you going to tell them after they signed? "You bought it, suckers!"

You might have found your audience. But for me the tonality of the post felt way off.

as the OP says:

> but what are you giving away for this? Are founders selling their shares? Where is the beef? $70M can be everything and nothing at the same time.

You get that there's a whole section of this post headlined "Why We Raised A Bunch Of Money", right?
yes and I reread it a few times in case I was missing something. I even turned my adblocker off in case it was removing the section that answers OP's questions but it didn't appear.

It's obviously perfectly fine if you don't want to or can't answer those questions and nobody is owed answers to them.

Just, you're known for a straight talking style so the omission is conspicuous.

I honestly don't know what it is you're looking to hear. We said what we're using the money for: hardware, rolling out more regions, and a bunch more support and infra engineers.
you are telling us what fly will be spending the money on.

what OP is asking is, what did the investors receive in exchange for giving fly the money.

Stock.
"Why We Raised A Bunch Of Money" doesn't answer any of the questions above. I've seen private equity rounds disguised as traditional founding rounds, which is neither very transparent, nor very honest. Raising 70M just shortly after a 25M round makes me feel like there was more at play then just 'raising' money tbh. But I might be totally off here - but therefore disclosing a bit more than you currently do might be really helpful.
None of this makes any sense. No PE firm buys a company like Fly.io. I honestly don't understand what either of you are getting at, but I'm confident when I say "you're way off".