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.

  • Avid Amoeba@lemmy.caOP
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    2 months ago

    If there’s no one who can replace you with someone else, if you don’t deliver profit growth that they expect, then there’s a chance for you to apply principle over profit because it’s up to you. Many if not most corporations however can and do replace corporate leadership that doesn’t deliver profit growth with one that does. In these circumstances, leadership can rarely put principle over profit without being replaced. Many if not most of us see the direct effects of this process on our lives, working to get ever more of our incomes and health. This process hasn’t stopped and hasn’t slowed down. The opposite. This is why you’re hearing us grinding against capitalism as we can see the system all around us grinding us down. This is why it’s likely you’ll keep hearing it and it’s likely gonna get louder. I might not have your product in my home. If I do, I might be very happy with it because you’re not trying to get as much money out of me as you can. However I am certain without checking that I have Unilever, Kraft, Nestle, PepsiCo, Google and so on, and I know they are. You probably do too and they’re probably skinning you just as much. This is what capitalism is for us and we will grind against it because our standard of living is falling and it’s not because of people like you. Small businesses have much more in common with us in this, than large corporations, or small corporations funded by large capital of different kinds. I’m an employee of a very large, well known American corporation that has strategically stopped making products that were objectively better for its customers but had lower margins, replacing them with much more expensive, higher margin ones. I’m not getting anything from the difference. Our major shareholders do.