DevOps solution for binding applications and OS’ together. Cuts out the middleman of traditional deployment solutions. Only has one founder and burned $1.5 million in 2 years for $32k in revenue.
In addition, happy fourth of July weekend, everyone!
- I really like the company and it appeals to me from a nerdy tech side. That said, great products don’t make for great businesses.
- Concerned about $1.5 million being burned with little demonstrable business goals.
- Doesn’t seem like there’s a team here.
The 6 Calacanis Characteristics (91 161 18)
|1. A startup that is based in SV||Pass.|
|2. Has at least 2 founders||Fail (1)|
|3. Has product in the market||Pass|
|4. 6 months of continuous user growth or 6 months of revenue.||Pass, but not looking good: 2019 Revenue was $32k, 2018 Revenue was $0k.|
|5. Notable investors?||Pass: Bloomberg Beta and Initialized Capital, the latter which is a bigger deal to me.|
|6. Post-funding, will have 18 months of runway||Fail: Raised $253k, burning $750k annually or $62.5k monthly, at best will have 17 months of runway at present spend.|
The 7 Thiel Questions (ETMPDDS)
- The Engineering question:
- Possibly: VMWare was transformative for its time. Docker was forced on me for my first software job, and later deploying to hosted solutions like Pantheon. I don’t see the new kids playing with stuff like this yet.
- The Timing question:
- Good: starting a new OS, not a good time. Creating a layer of abstraction on B2B solutions that still support Linux, good. That said, it seems the big differentiators are performance and security, which unusually enough, are more vitamins at this point instead of painkillers (or rather, the performance and security are not enough to fight the already existing ecosystem of Docker and containers.)
- The monopoly question:
- For sure: If this concept’s time is right and the gains real, absolutely for sure could see like RedHat or Docker.
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