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Great post. After just going through a 6 month, pain-filled fund raise for an open source database (big on integration), this is probably the most upsetting th
by LukeEF 6y ago
Great post.
After just going through a 6 month, pain-filled fund raise for an open source database (big on integration), this is probably the most upsetting thing I have ever read in my life.
Far away from Silicon Valley with no flashy credentials, 13 days is an impossible dream.
That said, massive kudos to the team for such clear storytelling & delivery.
- jeanlaf 6y agoSorry about that. Hope your fundraise was still successful. Don't hesitate to reach out to john [at] airbyte.io, if we can help.
- qorrect 6y agoCan you tell us more ? How is it going, what's the future look like, anything we might be able to use ? Good luck keep trying!
- LukeEF 6y agoThanks! My reply looks a little bleak, but it was a successful seed round raise (TerminusDB). We are doing fine and the future is bright, it just took months of blood, sweat, and tears to close. Struggle is good (sometimes)...
- cj 6y ago> Far away from Silicon Valley This could end up helping much more than hurting long-term. Engineering salaries in the Bay Area are insane. Salaries for engineers in the US overall are very high. If you’re in Europe, you can likely afford 2-3x more engineers than your competitors for the same amount of $ raised.
- deleted 6y ago[deleted]
- LukeEF 6y agothat's true, but they get more money at better valuations so it balances out -> and engineer headcount is a bad predictor of success! It is as much the experience of taking a database/dev tool and going big that's lacking outside SV -> marketing, operations etc. Plenty of talented engineers (and marketers) around the world, very few engineers who have built a MuleSoft or a Snowflake.
- Pyramus 6y agoYou don't know how they measured the 13 days exactly and I would assume that there were already prior relationships. Still, it's exceptionally fast. My experience from fundraising in London (UK) is similar to yours, we had one co-founder basically work full-time on fundraising for several months.