this post was submitted on 09 Jun 2025
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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.

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[–] Mordikan@kbin.earth 2 points 13 hours ago (1 children)

Historically, Accel has never pushed acquisition. On the contrary, they do the opposite. Its why they VC fund over 300 companies, but you've never heard of them. That's not to say they couldn't, but they haven't ever acted in that manner previously so logically it would be safe to assume that trend continues with Tailscale. I think that's important here: its not about ability its about intent. If as a organization you give funding to another organization (even non-profits) you exercise at least some control over them as they are dependent on that money to function. This is actually a point other commenters have made in regards to Headscale. Headscale is maintained by a Tailscale employee. As they fund him personally, they can exercise some control over him as he depends on that money/employment. Again, even their comments circle back to ability vs intent. Tailscale could influence their employee, but would they? That's where a lot of the VC argument goes. Its just speculation as what a group could do, not what they would do.

[–] Archer@lemmy.world 3 points 12 hours ago (1 children)

“The trend” is making money no matter what. That means they’re gonna screw you over eventually, the countdown has already begun, and it’s just a matter of time

[–] Mordikan@kbin.earth 1 points 12 hours ago (1 children)

Is there an actual example you can provide of Accel doing that or is this more an emotionally driven statement you have?

[–] Archer@lemmy.world 2 points 12 hours ago (2 children)

The specific company does not, in fact, matter because VCs have the same set of incentives in the end

[–] Mordikan@kbin.earth 1 points 12 hours ago (1 children)

So, even if Accel doesn't do that, which they haven't done that, they are still guilty of doing that. Ok, yeah. That's some solid irrefutable logic you got going there. I think I'll go back to arguing this with commenters who are a little less emotional and more grounded in real world points about the topic.

[–] Archer@lemmy.world 2 points 11 hours ago (1 children)

Not what I said. I in fact said the specific company doesn’t matter because all VC money seeks to make more money and the easiest way to do that is parasitically jacking up costs to customers every quarter no matter what until the company collapses. Then rinse and repeat, making money each time. Does this screw people over? Absolutely. Are there legal consequences? Nope, so they can do it as many times as they want, forever

[–] Mordikan@kbin.earth 0 points 10 hours ago (1 children)

Is there an actual example you can provide of Accel doing that

So... if all VC money does, then you can provide an example of Accel doing this... right? So, go ahead and do that now.

[–] Archer@lemmy.world 1 points 10 hours ago (1 children)

What you’re apparently not getting is that even if it’s not happening right now, it will in the end. What they happen to be doing or not doing right now doesn’t matter. Look at the rules of the system

[–] Mordikan@kbin.earth 0 points 10 hours ago (1 children)

ME: So, even if Accel doesn't do that, which they haven't done that, they are still guilty of doing that.

YOU: Not what I said.

YOU: What you’re apparently not getting is that even if it’s not happening right now, it will in the end.

So.. even if Accel doesn't do that, which they haven't done that, they are still guilty of doing that. You have no argument, just strong feelings.

[–] Archer@lemmy.world 2 points 9 hours ago (1 children)

You haven’t accurately summarized my argument in a single comment and are using strawmen

[–] Mordikan@kbin.earth 0 points 8 hours ago

Ok, this is your summarized argument: Accel is going to gut the company and run it into the ground because that's what they do, but they haven't ever done that, but they could, so they will, so that's the same as doing it, although they haven't, but it will happen in the end because that's what they do, but they don't.

Its not a strawman if what you say is in fact a weakly constructed idea. Its just a weakly constructed idea then. Its nothing but vague generalizations and "what ifs" you posted. Let me just put it this way: evidence or stfu.