DigitalOcean IPO

DigitalOcean went public today, and I am so proud of the team’s journey to get to this incredible milestone. The story of my first meeting with DigitalOcean founders Ben and Moisey Uretsky in 2014 is one of the most memorable of my venture career (now going on ten years!).

At that time, cloud hosting was a crowded market of as-a-service offerings. And like a lot of investors, I entered the meeting thinking that cloud hosting was the domain of the “big guys” and DigitalOcean couldn’t possibly make it. In that first meeting, two things convinced me otherwise: the numbers and DigitalOcean’s relentless focus on, what I described in my original post when we funded their Series B in 2014 as, “building a cloud that developers love.”

I knew DigitalOcean was onto something — they understood the needs of developers and builders in a way other cloud providers didn’t. While the big clouds focus on infrastructure for large enterprises, DigitalOcean provides the infrastructure-as-a-service needed to write code faster and then rapidly deploy and scale applications. They recognize that the silicon, network, and other components are commodities, and it is their ability to provide a simplified developer experience that differentiates them. This focus has given them strong product-market fit with small businesses, entrepreneurs, and individual developers, who crave tools to manage the infrastructure so they can focus on building applications.

The next phase of the company was born when Yancey Spurill joined as CEO to build on the strong vision and culture of Ben and Moisey. At the time I told him that there were 20 levers to pull that would set the company on course to an IPO. The only problem was I had no clue what the levers were! But Yancey and the management team figured it out by staying true to the company’s focus: to serve the developer community with a product that is elegant, yet simple.

Today, DigitalOcean has over 570k customers in 185 countries, and I am honored and excited to continue to work with the team as Chairman of the Board post-IPO as they enter their next chapter.



The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at

Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see for additional important information.

The enterprise is changing

Sign up for our enterprise newsletter to get the a16z take on the trends reshaping B2B and enterprise tech.