4 ms·

Because going public is the only way for most shareholders (including most employees) to sell shares. Don’t ask me why startups are designed this way. It’s du

Because going public is the only way for most shareholders (including most employees) to sell shares. Don’t ask me why startups are designed this way. It’s dumb.

edgyquant 4y ago
I had no idea Mariadb was a startup. I thought it was an open source fork if mysql
- LeFantome 4y ago
  MySQL is named after the founder’s daughter—My ( pronounced me by the way ). He sold it to Oracle and then, because it was Open Source, he forked it to create MariaDB. The name of his other daughter is Maria.
  - user_named 4y ago
    It's not pronounced Me, it's not English. But let's excuse your americanism.
    - unethical_ban 4y ago
      No one I know had ever pronounced it Me. How did you come to the conclusion this non existent thing was an Americanism?
      - gboone 4y ago
        I think the reference is to the daughter's name, not the product. Previous discussion regarding name: https://news.ycombinator.com/item?id=12203571 https://news.ycombinator.com/item?id=12203571
        unethical_ban 4y ago
        Ah. I thought the OP was saying "Americans pronounce it 'me' and that is wrong". They were saying "Americans pronounce it 'my' and that is wrong". Got it.
        user_named 4y ago
        It's neither. I'm saying you're too dumb to understand that your language doesn't cover every other language.
  - deafpolygon 4y ago
    Wait what? The same guy who made MySQL sold it to Oracle, then forked THAT code, started a new company on the same codebase then now is going public?
- sofixa 4y ago
  Many open source projects have startups behind them putting in all the work, usually with the hope of monetizing it. Which is a really hard problem - the choices are support and services (the software is FOSS but you sell support and implementation/review services to enterprises - what Red Hat used to do), or open core (only the core software is FOSS, and there are proprietary Enterprise versions with more Enterprise features). Neither are obvious and many open source startups fail.
Mistletoe 4y ago
Does anyone have info on what price early investors got the shares? Retail launches are always designed to let them cash out with big multiples no matter what the price does. I remember buying something I thought was “early” for $5 a share and later we learned the real earlies got in for $0.25. I was able to sell somehow at a price of $12 in the mania after it launched, but of course it eventually bled out down to $0.25 and beyond because of the constant selling from the insiders. They were always in profit, what did they care?

Because going public is the only way for most shareholders (including most employees) to sell shares. Don’t ask me why startups are designed this way. It’s dumb.

edgyquant 4y ago

I had no idea Mariadb was a startup. I thought it was an open source fork if mysql

LeFantome 4y ago
MySQL is named after the founder’s daughter—My ( pronounced me by the way ). He sold it to Oracle and then, because it was Open Source, he forked it to create MariaDB. The name of his other daughter is Maria.
- user_named 4y ago
  It's not pronounced Me, it's not English. But let's excuse your americanism.
  - unethical_ban 4y ago
    No one I know had ever pronounced it Me. How did you come to the conclusion this non existent thing was an Americanism?
    - gboone 4y ago
      I think the reference is to the daughter's name, not the product. Previous discussion regarding name: https://news.ycombinator.com/item?id=12203571 https://news.ycombinator.com/item?id=12203571
      - unethical_ban 4y ago
        Ah. I thought the OP was saying "Americans pronounce it 'me' and that is wrong". They were saying "Americans pronounce it 'my' and that is wrong". Got it.
        user_named 4y ago
        It's neither. I'm saying you're too dumb to understand that your language doesn't cover every other language.
- deafpolygon 4y ago
  Wait what? The same guy who made MySQL sold it to Oracle, then forked THAT code, started a new company on the same codebase then now is going public?
sofixa 4y ago
Many open source projects have startups behind them putting in all the work, usually with the hope of monetizing it. Which is a really hard problem - the choices are support and services (the software is FOSS but you sell support and implementation/review services to enterprises - what Red Hat used to do), or open core (only the core software is FOSS, and there are proprietary Enterprise versions with more Enterprise features). Neither are obvious and many open source startups fail.

Mistletoe 4y ago

Does anyone have info on what price early investors got the shares? Retail launches are always designed to let them cash out with big multiples no matter what the price does. I remember buying something I thought was “early” for $5 a share and later we learned the real earlies got in for $0.25. I was able to sell somehow at a price of $12 in the mania after it launched, but of course it eventually bled out down to $0.25 and beyond because of the constant selling from the insiders. They were always in profit, what did they care?