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Loud Cloud Is Trying to Be AWS and There's So Much Hype
Loud cloud raised $21 million in November 99, before launching the product. In June of 2000, they raised $120 million at a $700 million pre-money valuation. They do end up going public in March of 2001 and raising another $160 million. But the valuation goes down from the last private round. That goes of this happening again today. And all of the customers for loud cloud were these, you know, pets.com era startups and they just go out of business.