Needs vary, but here's a brief list of competitors:

* OVH.com — huge, great price point and performance

* Linode.com — also huge, favorite of many developers

* Vultr.com — owned by Choopa (bigger player)

* RamNode.com — doesn't scream "super modern", but reviews are great

There are many others, but those are off the top of my head that correlate with DO.

- leaseweb

- 1andone

Vote against linode here, yes, they're large but they are also not all that good.

According to me DO is still a good hosting company. Works good for the price you pay. Taking offsite backups is always a good idea.