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raiyu | 3 years ago
They completely missed the transition to cloud, they missed AWS, and they laughed when I told them that we (DigitalOcean) wanted $100MM if they were serious about any acquisition talks. This was in 2013 so startup economics were different back then.
They were early to a massive market that is growing and they basically botched their lead repeatedly and every transition since then has been a comedy of errors.
They would have been better off following Equinix's model of just acquiring and managing datacenter space instead they ran their own DCs, didn't have great support, couldn't build product, and ultimately were acquired by PE and saddled with debt along with no road towards innovation.
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