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I fail to grasp why this is being hailed as a success story. DabbleDB the product is likely going away. These guys are getting jobs at Twitter, which is arguabl
by antonym 16y ago
I fail to grasp why this is being hailed as a success story. DabbleDB the product is likely going away. These guys are getting jobs at Twitter, which is arguably better for them than going out of business, but hardly is criteria for a very successful exit. Its cool, don't get me wrong, but thats different than a success story.
Does anyone have any indication of the purchase price? Did investors make anything, or even their money back? It is hard to declare this a success, or much of anything at all, without some information regarding terms of the deal, and future of the product. Even if they lost money but the product was going to continue in Twitter's hands I would argue this may be enough to declare success because of Twitter's likely longevity. But without this and compelling evidence that Twitter had any reason to pay more than salaries to the team, I can't find a reason to declare this a success -- other than kudos to the team for getting jobs at a cool company as their funding ran out (I am assuming this is a primary reason for the change, as is common; please correct me if mistaken).
Anyone have more info to share regarding this? I have always been a big fan of DabbleDB and the team clearly has talent.