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Firebase (YC S11) Raises $1.1M For Real-Time App Infrastructure
- smoody 14y agoAre you working on a way to develop and delpoy apps on your platform without shipping the entire source code to the app to the browser? I'm guessing there are a lot of people who don't mind their source code being sent to each user, but I think there are many of us who would love to use your platform that would prefer not to do that. Congrats on the funding!
- yesimahuman 14y agoCongrats James and team!
- eldavido 14y agoCongratulations, guys. Will be very interesting to see the next version with security and pricing. Any more details yet?
- mayop100 14y agoStill working! Security is our #1 priority right now.
- gringomorcego 14y agoare you guys still running on mongodb? any plans to migrate to riak?
- giles 14y agoAwesome guys, can't wait for what comes next!
- debacle 14y agoDoes anyone know what this puts their valuation at?
- jamiequint 14y agoIt doesn't, valuation has little to do with amount raised.
- debacle 14y agoThat's nonsensical. If you raise 1.1m, and the investors get 10% stake, then your valuation is 11m.
- webwright 14y agoNo, it's not nonsensical (aside: not a particularly polite way to disagree). It's not entirely clear that this is a priced round. Even if it was, Jamie is right-- they could have raised that money selling anywhere from 10% to 50% of their company.
- metabrew 14y agoIt's not that simple. Could have been a convertible loan, which defers setting a valuation.
- i_am_andy 14y agoFantastic interactive demo you guys have - very intuitive.
- silverlight 14y agoWe're using this to power Roll20[1]. The whole team has been very responsive and supportive of any and all questions. Congrats! [1] http://roll20.net http://roll20.net
- jasonlotito 14y agoWas a backer of Roll20. I love you guys. Excellent platform. Haven't had a good chance to really put it to use, but I love everything about it.
- silverlight 14y agoThanks so much for the kind words!
- mayop100 14y agoThanks Riley!
- eaurouge 14y agoMy initial thoughts were that Meteor would be more widely deployed in production than Firebase would. But it also seemed like Firebase had a more obvious path to profitability than Meteor. Given the current VC market and the rapidly evolving landscape of (so called) real-time services, I'm surprised they raised such a small sum. I would have thought if you were going to go the VC route, you might as well go all in and raise a massive chunk. With a (somewhat conservative) estimate of $10K a month per engineer and $1.1M to spend, a team of 8 engineers would give you a runway of just under 14 months. I think you would want more runway than that.
- patio11 14y ago$10K is not a conservative estimate for fully-loaded costs of engineers in the Valley right now. Budget $15k ~ $20k.
- eaurouge 14y agoYes, it is. What do you think a "conservative estimate" means? Here are two definitions for you: "moderate, cautious, low"[1]; "at the lower end of a range of possible numbers"[2]. 1. http://www.answers.com/topic/conservative http://www.answers.com/topic/conservative 2. http://www.definitions.net/definition/conservative http://www.definitions.net/definition/conservative
- d503 14y agoArguably if you're talking about spending money then a conservative (i.e. cautious or moderate) estimate is a high estimate.
- patio11 14y agoI was assuming the value being optimized for was runway, so a conservative estimate overshoots on probable fully-loaded cost which results in underestimating how long you have until you die. Overestimating how long until you die has more serious consequences from the perspective of, well, everyone involved.
- crabasa 14y agoI think there's a good lesson for startups building platforms: don't underestimate the importance of hustle. I met James and his team at a hackathon this past March. Twilio (the company I work for) was a sponsor, along with Firebase and several other API companies. I had never heard of Firebase, and I don't think any of the ~100 developers there had either. James and his team (~6 of so colleagues & friends) spent that weekend talking to every team there, understanding what they were trying to do and diving into their code. They were everywhere, buying beer, lending a helping hand, you name it. 3 months later, they raise a million dollars. Not a coincidence.
- felixchan 14y agoFirebase has been all the hype lately. A fantastic seed round - congrats!
- wamatt 14y agoHow does Firebase compare to Meteor?
- taskstrike 14y agoCongrats to them, they deserve it for a great product. I've ran through the demos and have been waiting my invite to set in for a while now.
- edanm 14y agoGreat news! Btw, how does this affect Envolve? Is Envolve going to continue running?