Backblaze IPO
I find this part interesting - of the ~500,000 customers, 70,000 are B2 customers and 430,000 are "backup" customers ... which are flat-rate "unlimited" users.<p>These flat-rate users are <i>very fickle</i> and price-sensitive.<p>If you peruse subreddits related to cloud storage or online backup, etc., they are filled with very picky users who expect the product to be free - or close to free.<p>It's a fools errand to pursue this market and I assume the pivot to B2 was to build something more sustainable with a much higher price and usage ceiling.<p>Regardless, roughly 85% of the user-base are paying $7/mo for "unlimited backup".<p>I wish them good luck.