You Cant Compete With Amazon — Backblazes Founder on Bootstrapping to IPO @backblaze
You Cant Compete With Amazon — Backblazes Founder on Bootstrapping to IPO  @backblaze
Uploaded August 2026 | Updated September 2026, 2 weeks ago
Backblaze co-founder and CEO Gleb Budman on the RAISE Summit stage: 20 years ago, people told him it was impossible to compete with Amazon in cloud storage.

He bootstrapped anyway — no VC war chest — and took Backblaze public. He's still CEO today, which the moderator notes is rare for founders post-IPO.

Now Backblaze is repositioning for the AI era: 500K+ customers, 175 countries, a $335M CoreWeave deal, and a founder program (Flamethrower) aimed at AI-native startups building on B2 Cloud Storage. Recorded at RAISE Summit, alongside Cyrille Saint Olive (Google Cloud), Luke Pappas (NEA) and Shahab Shafieehanjani (RAISE).
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"You Can't Compete With Amazon" — Backblaze's Founder on Bootstrapping to IPO

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