INDIA, SEPTEMBER 29, 2021 — Linode today launched Rise, a startup program built to give bootstrapped and venture capital-backed startups an escape from the trappings of free infrastructure credits.
Linode built Rise for founder-led startups designed around capital-efficient business models and the use of open-source and third-party applications to reduce cloud lock-in. Qualified participants in the program receive:
- A three-year discount program: a 100% discount for the first $10,000 in spend each month during the first year of membership; a 50% discount in year two; and a 25% discount in year three. There are no caps in years two and three.
- Lifelong discounts based on usage.
- Access to technology consultants to help build an infrastructure growth strategy, with Linode giving members 20 free hours in their first quarter and a 20% discount thereafter.
- Unlimited guidance on architecture, migrations, and software deployments from experienced IT and cloud professionals.
- Membership to a rich community of members, alumni, advisors, and Linode resources.
- Free 24/7/365 award-winning customer support via phone, email, or social media.
Cloud infrastructure costs are a startup’s highest expense after people costs. They are also the most unpredictable, a deadly combination for early-stage companies managing tight burn rates.
“We created Rise to address a serious challenge for pre-and early-revenue startups who often get locked-in to the big three cloud providers with the enticement of never-ending infrastructure credits,” said Jonathan Hill, vice president of revenue operations, Linode. “The problem is that many only qualify if they have taken investment from approved venture capital or private equity firm. But not every founder wants to give up equity in exchange for raising capital. Businesses that take conservative amounts of fundraising, if any at all, are the ones that need the most financial assistance. We built a program that serves founders of all sizes, not just those who have the best long-term financial benefit to our business.”
Rise parallels Linode’s own evolution. Heavily influenced by the open-source movement it was born from, Linode remains driven by a mission to make cloud computing less complicated, less expensive, and more accessible to every developer regardless of where they are located or what their resources are. Throughout its history, the bootstrapped company has rebuffed outside investment, freeing it to put its customers first in every decision it makes.