Friend: Wasabi will hold hundreds of millions in CapEx within years
David Friend · 1760 $20m To Build MVP: Does Carbonite Founder Have Another Billion Dollar Idea? · May 19, 2020 · at 10:00
David Friend, CEO of Wasabi, describes the capital intensity of purchasing storage hardware and servers across their global colocation data centers.
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“We'll have hundreds of millions of dollars worth of CapEx on our balance sheet. You know, within a short number of years.”
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More from David Friend
Friend: Amazon is unlikely to drop S3 prices against Wasabi
“For Amazon to simply drop price, they could do it, but unlike diapers, you know, storage is a multi-billion dollar product for Amazon, and it just seems unlikely to me that they're going to do that.”
Friend: Wasabi spent $10M-$20M building its cloud storage MVP
“Yeah, yeah, that's right. In that range to build a product.”
Friend: Wasabi charges $6/TB/month versus Amazon S3's $23
“Wasabi is six dollars a terabyte per month compared to 23 dollars per terabyte per month for Amazon S III, for example.”
Friend: Wasabi provides 11 nines of durability matching Amazon S3
“We have what's called 11 nines of durability, which is the same as Amazon S III.”