#lax (2020-02)

Fri, Mar 6, 2020, 9:00 AM: Coming join us for a day of learning and war stories at DevOps Day Los Angeles, held within SCaLE 18x.Event page: https://www.devopsdays.org/events/2020-los-angeles/SCaLE pa

Headspace, a mindfulness and meditation startup, has raised $93 million in a Series C round, which includes $53 million in equity and $40 million in debt.

An Evening with Mitchell Hashimoto, CTO and co-founder of HashiCorp, talking about open source 2020  Open source is a movement that has been around for years but the business model for how to make money from code that is free has been changing. Early companies like RedHat had a business model based on maintenance subscriptions. Other more modern companies use SaaS, Open Core, and more as a driver of revenue. Mitchell will discuss what it takes to run a company on open source software, and what has propelled HashiCorp to grow to over $200M in annual recurring revenue in a few years. We will look at several companies and different business models and address why some succeed and others do not and how the models are changing and opportunities the changes create. We will also discuss remote teams and how those can be used to drive the growth of technology companies and the advantages remote teams provide open source companies in particular. About Mitchell Hashimoto Mitchell is the co-founder and CTO of HashiCorp. HashiCorp was valued at $1.9B in Nov 2018 and has seen four straight years of 100% revenue growth with over 100 of the Fortune 500 as paying customers and nearly all of the Fortune 500 as open source users. All of HashiCorp’s products are open source with large communities of thousands of contributors per release and tens of millions of downloads per year.  In addition to being based on open source software, HashiCorp is also a remote-first company. Of HashiCorp’s 900 employees, only 100 go to an office with the remainder working from home. Mitchell, his founder Armon and CEO Dave all live in separate cities and on opposite coasts. Moderated by David Subar Sponsors: The LA CTO Forum is generously sponsored by Amazon AWS.   This event is also sponsored by: Cybercoders CDW Vynyl Venue and Parking The event is at Zefr at 4101 Redwood Ave, Los Angeles, CA 90066. There is plenty of parking in the neighborhood within walking distance - heading East on Ida and the surrounding streets.  There will be a limited number of spots available in the Zefr employee parking on site behind the building (west side of building). You can use those spots on a first come first serve basis. Do not park on the south side of the building as those spots belong to another company and we would not want you to get towed.