5 ms·

Classic VC funded saas. Why people would build actual businesses on top of these fly at night Saas companies funded by VC money is beyond me.

• codezero 2y ago
  It's not really classic. There are many different kinds of exits, this one is pretty uncommon in my experience, especially for a company that's been around as long as it has and with the customers they have.
  • hodgesrm 2y ago
    For another very similar example see FoundationDB, which was acquired and shuttered by Apple: https://news.ycombinator.com/item?id=9259986 https://news.ycombinator.com/item?id=9259986 More happily FoundationDB was later released as open source and is successfully used by many companies beyond Apple. Snowflake is a prominent example. [0] [0] https://www.snowflake.com/blog/how-foundationdb-powers-snowflake-metadata-forward https://www.snowflake.com/blog/how-foundationdb-powers-snowf...
    • codezero 2y ago
      yes, this does happen, but when someone says "classic" it kind of implies "common" - this isn't a common outcome. I am directly affected by this one, so, trust me, I know, it sucks.