Ya dont say.

Negative Free Cash Flow are the words every one on HN needs to learn.

Every thing before now, you will look back upon as the happy time. When every year storage, ram and compute grew and the prices went down. Your cloud provider made so much money they paid cash for hardware.

Now they borrow at 8% and net margins on ram/storage were around $0.10/GB ... today they sit at over a dollar. (SEE micron's s10's if you want to check the math on that).

Forget circular financing, its a circular firing squad because your going to have to figure out where the hell your going to run any of your gear.

4x to 10x for ram +8% for financing +30percent AWS margins. Good luck everyone its gonna get rough out there.