![]() ![]() Leveraging this strength means discussing our differences in an open dialog - Backblaze is not afraid of diverging opinions. We embrace what each individual brings to the business diversity is one of our strengths. “Our founding team is a diverse group of open-minded people born in four different countries, practicing at least five different religions, bound together by mutual respect and the common belief in making excellent products. It marks the end of the startup period and the beginning of an era where we are a trusted, mature company without the “startup” qualifier.”Ĭulture of diversity and debate. “an IPO is a branding event - a coming of age party. ![]() ![]() We grant stock options to every employee so that all employees share in our success.” ![]() To attract and retain such a team, we provide a warm, friendly office environment where families and well-behaved dogs are welcome.”Īll employees own stock. “Of the first 100 employees, more than half worked with us at previous companies, which speaks to our reputation, as do our Glassdoor ratings - 4.9/5.0 stars, 100% CEO Approval, and 100% Recommend to a Friend as of December 31, 2020. This solidarity helped us build and sustain our culture through the first 14 years of our evolution.Ī great place to work, with dogs. In the spirit of that original bond, we formed a salary tontine where, until the public offering is finalized, a core group of the original founders and some other very early employees agreed to make the same salary. Most of us went entirely without salary for more than a year in order to spend all of Backblaze’s resources building products our customers would love. The first two after the five original founders deserve special mention as demi-founders: Damon Uyeda and Nilay Patel. “Early on, we grew our team by hiring co-workers from previous companies who we trusted with what we consider to be our lives and livelihood - our customers’ data. This openness has been met with customer appreciation and loyalty.” When there are problems with our software, we share what went wrong and the steps being taken to fix it, like in 2016 when a bug in a different company’s software caused problems with the Backblaze client if both pieces of software ran on the same customer laptop. When we face problems, like we did during a 2010 power outage at a datacenter, we openly share what went wrong and how we will do better in the future. We shared the source code algorithms used to encode and replicate our customer data to keep it safe. We shared exactly how we store customer data redundantly, and how we do it inexpensively. We release quarterly hard drive reports detailing the performance of each serial number and brand of the nearly 200,000 drives in our datacenter. “Transparency is more than a value for us, it’s our default approach. Transparency with customers drives trust. Our solutions are designed for individuals and businesses of all sizes and across all industries but have a particularly strong appeal to mid-market organizations (which we define as organizations with 10 to 999 employees).” These customers use our Storage Cloud platform across more than 175 countries to grow and protect their business data on our approximately 2 exabytes, or 2 trillion megabytes, of data storage under management. There are “over 480,000 customers as of June 30, 2021. By substantially reducing the complexity and frustration of storing, using, and protecting data, we empower customers to focus on their core business operations.”Ĭonsumer and SMB focus. “We are a leading storage cloud platform, providing businesses and consumers cloud services to store, use, and protect their data in an easy and affordable manner. Below are some of the highlights and learnings from their prospectus. BackBlaze is a software company that went public in 2021. ![]()
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