Not at the moment. Any suggestions? :-)
Recent @kavehkhorram Activity
Not at the moment. Any suggestions? :-)
No. We aren't in violation of any of AWS's terms.
The transfer of RIs are done through AWS APIs.
Not totally sure what you mean by we are only used by companies who plan on using our service for less than 29 months. Can you elaborate?
We sell the RIs to our other users (now in the hundreds) so we don't take a loss. We only take a loss when we aren't able to sell your RIs (which is what we use some of our Venture Capital money for).
If we can't find a buyer then yes, we buy them back until we find a buyer.
To limit this risk, we only offer buy-back on particular instance families and regions that are most popular (and easy for us to sell to other users).
With 100s of users -- we have network effects that make it easy for us to sell.
Actually we aren't loaning any money since we use no-upfront RIs only.
We have some customers that spend $10M+ on AWS, so we can work with any size of company.
We have something launching soon for RDS!
For a customer with an SP, we typically get them boosted to 100% coverage with our Flex RIs.
Once the SP expires, we automatically switch the customer over to 100% Flex RI to maximize savings.
Flex RI = 3-year no-upfront Standard Reserved Instances with Guaranteed Buyback
No conditions. We are fully automated, we have customers saving as little as $10k and some as many as $1M+ per year.
Usage does take on all the risk. The good thing about cloud compute is that it's recession-proof -- compute volume isn't something companies can cut.
The cloud reseller motion is something we briefly explored but not currently on the roadmap.
Our roadmap for the next 2 Quarters is Full Multi Cloud (Azure, GCP, and AWS) support.
We have a very strong positive relationship with AWS and meet with them often, both with senior leadership and account managers.
If you don't see anything it likely means there are no recommendations at the moment. We will make it more clear on the app when that happens.
You would pay us $1k (20% of $5k)
Show HN: I built a service to help companies reduce AWS spend by 50%
69 points • 47 comments
Unsurprising - AWS has been the front-runner for a while now. They have been aggressively marketing their capabilities to the US government and are well-positioned to win this type of contract.
Whoever wins these contracts, I hope that taxpayers get a good deal - not that we have much choice in the matter. For example, my company, Usage.AI, cuts AWS bills by up to 57% using Reserved Instances, but without any lock-in.
At the scale of $10 billion, every percentage point cut is worth $100 million. With the average business wasting 35% on their AWS bill, that's $3.5 billion of potential savings that could be going back into the taxpayer's pockets (https://www.flexera.com/blog/cloud/aws-costs-how-much-are-yo...).
But I digress.
AWS is clearly the leader in cloud computing, and they have been for some time. They have made significant investments in their infrastructure and their team, and it shows.
Thanks for sharing! You're 100% right that cloud providers aren't exactly incentivized to make it as easy as possible for you to use those credits. If credits were super easy to use and could be applied automatically where you need them, then I think a lot of people would just sign up for free trials with the intention of using up the credits and then cancel before they start accruing any charges. Cloud providers don't want to encourage that kind of behavior, so I think they're hesitant to make it too easy to use credits.
The same applies to cloud costs more broadly, across providers. With Reserved Instances, for example, AWS dramatically cuts the cost of running an instance if you commit to using it for a one- or three-year term. But signing up for a Reserved Instance requires a lock-in commitment, so many people don't bother because they're worried about being stuck with an unnecessary cost if their usage changes. My company, Usage.AI, created a solution: We cut EC2 costs by up to 57% using Reserved Instances, but without any lock-in. If an RI is no longer needed, it's just sold on the open market. No hassle, no risk.
Great survey! I'd be surprised if the majority of respondents to "do you feel your organisation pays a lot for cloud infrastructure?" said "no."
If the results are anything like what other reports on the topic say, then businesses are finding it hard to predict their cloud costs, they're spending too much on cloud services, and they're struggling to control costs . All of which are problems that need to be addressed - my company, Usage.AI, enables businesses to cut AWS costs by up to 57% using Reserved Instances, but without lock-in 
It being someone else's computer brings the not-always-obvious effect that costs are out of your control. A lot of startups get sticker shock when they first realize how much it costs to use a full-fledged cloud operation.
That's why a lot of businesses are going the "my own computer" (on-premises) route, but there are actually a ton of advantages to the "someone else's computer" (cloud) route.
Beyond the obvious (scale, speed, uptime, redundancy, features), you get increased collaboration, easier upgrading, and a lot less code to manage. My company, Usage.AI, uses Amazon's Reserved Instances marketplace to cut customers' AWS bills by up to 57%, without any lock-in.
Hey there! I've been doing a lot of thinking about this lately, and I really think it depends on the project. For smaller projects, I think working locally can be just as effective as working in the cloud.
However, for larger projects, the cloud offers a ton of advantages. There's the obvious ease of collaboration, but you also get access to a lot of powerful tools and resources that can make development a lot smoother. Plus, you can easily scale up or down as needed, which is great for resource management.
You also eliminate large upfront CapEx costs, but the trade-off is often surprisingly high OpEx costs. In the end, it really depends on what you need and what your budget looks like.
If you go with the cloud, my company, Usage.AI, takes advantage of the Amazon Reserved Instances marketplace and usage analysis to buy and sell RIs for you, cutting up to 57% off of your AWS bill. Check us out at https://www.usage.ai!
Even if the big 3 all switch places, it's still an oligopoly, which means that prices are higher than they could be.
That's why my company, Usage.AI, has built a tool to automatically buy and sell Reserved Instances on AWS to cut costs. We're not on GCP or Azure yet, but businesses using us cut up to 57% on EC2 costs.
The big three do have clear benefits in terms of scale, reliability, and features, so I'd say it's worth it to look at "accessory" applications that run on top of them.
Looking at YCombinator's alumni, there are a few interesting ones - for example, CloudThread.io (no affiliation) tracks cost efficiency of teams and applications, providing "technical cloud cost unit metrics as a service."
My company, Usage.AI, automatically buys and sells Reserved Instances to cut EC2 costs by up to 57%.