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It's cool to see an open-source product analytics tool in YC! I'm the co-founder of a company that had a similar value proposition back in 2017. We got invited
by buremba 7y ago
It's cool to see an open-source product analytics tool in YC!
I'm the co-founder of a company that had a similar value proposition back in 2017. We got invited to the interview at the YC office but couldn't convince people because of a number of reasons:
1. GDPR was not huge back in 2017 so the idea of creating an open-source alternative was not attractive enough.
2. We were targeting the companies that want to build their own data pipeline on cloud and the cloud providers such as AWS were claiming that their products (specifically Kinesis & Redshift) make it dead-easy to create such a data pipeline. At first, we thought that we were doing something complementary to cloud providers but soon we realized that we were competing with them. Our potential customers were trying to create such a data pipeline in AWS thinking that it will be simple and AWS actually made it easy to start in the beginning. However; data enrichments and the cost optimizations are really tricky when your data grows and our product was optimized for these workloads. AWS doesn't really need partners like us, we're saving costs from the customers but make AWS lose money in the long run because of these cost optimizations. The switching cost becomes more than just increasing the Redshift capacity by 2x as you store all the data in Redshift.
3. We're not native speakers so we probably couldn't express ourselves back then.
Time flies. We got into 500Startups Batch 21 that year but had to pivot last year since we couldn't make money to create a sustainable business.
Shameless plug: Right now, we provide the same feature-set (segmentation, funnel, retention, and SQL) for different CDPs such as Segment, Snowplow, Firebase, and in-house solutions. You can think of it Amplitude or Mixpanel but on top of your data warehouse. We generate SQL queries and run them on your data-warehouse just like a BI tool.
I would love to collaborate if you're open to partnerships since we're now complementary to each other. :) You can see how the product looks like from here: https://rakam.io/product https://rakam.io/product
- gavinray 7y agoThis is really interesting, I might give this a try over the weekend!