Discover and read the best of Twitter Threads about #ossftw
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Wow. Amazing IPO from $ESTC earlier today 🚀Super motivating 😊Many more outstanding dev tools + OSS companies out there that will hopefully go public too one day #OSSFTW 1/6 
Seeing so much demand, being able to raise the opening price from $26-$29 to $33-$35 and then doubling on the first day is great 📈No surprise though if you look at the underlying numbers 🤑2/6
Elastic grew fantastically over the last year. Nearly doubled. Solid gross margins (73%), mostly product revenue (91%). Losing money on PS but likely primarily using it to drive the outstanding product revenue growth. Gross Margins would be > 80% without PS👌 3/6
