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So, in keeping with our commitment to transparency about our business and some of the interesting, tough, and exciting stuff we've been through- long-time readers will remember my blog about almost getting acquired-I've decided to write about our IPO journey: What sucked, what didn't, what shocked us, and what we learned. We may have faced some headwinds others didn't, but I'm convinced that the IPO isn't just for folks with over $300m in revenue who've raised hundreds of millions of dollars in venture capital. A perception has developed that there are magical financial benchmarks that forbid some companies from listing, but we went public at a point in the evolution of our business when a lot of experts told us we couldn't. In fact, the more that I think about our experience of taking the company public, the more I believe that the IPO should be part of every entrepreneur and business leader's consideration set. Obviously I wish the last 10 months would have gone differently in the markets, who doesn't? But when people ask me, (which happens a lot) 'Do you still think the IPO was a good idea?' There's no question in my mind that it was one of the best business decisions we've made at Backblaze.

It's hard for shareholders, employees, and the market. For newly-public tech companies like us, as well as many of our peers, stock values have decreased by ~70% from their peak values last year. And yet, the markets have been tough sledding. Since then, we've executed on our plans, hit our targets, and continued to grow our team and our revenue. Our IPO was a great day and the realization of 14 years of hard work by our team.

We took Backblaze public one year ago tomorrow.

Cloud backblaze nasdaq 100m ipo 650mnovetcnbc