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Quitting Dgraph Labs

discuss.dgraph.io

21–30 of 94 posts

Re: Quitting Dgraph Labs

#21
> They are now contemplating a few purchase offers. I have no control or say over this process. There’s a lot of politics. I’m a builder, not a politician and I see no point in staying on.

This statement seems a little naive. If you’ve raised money from investors, started a company, been it’s CEO… did you not realize there would be a lot of politics involved in this role? And more importantly, why would anyone want you to be CEO again?

At the end of the post they mention they’re going on to start a new company building on the same product. What would be different this time?

Re: Quitting Dgraph Labs

#22
post #19

Maybe this whole VC fund cycle driven model of pumping and dumping/exiting companies is not ideal after all.

Except that's not what is happening at all.

VCs are holding onto companies much longer as, (a) the average time to reach IPO stage has gone from 4 to 11 years over the last two decades and (b) the amount of unspent money floating around is so high. There is definitely more to this story than just the VCs trying to exit.

Re: Quitting Dgraph Labs

#23
post #16

I feel for this person, but there's a line in here I found revealing: > Unfortunately, Dgraph was always undervalued by investors. This feels a bit like blaming the investors for why the company failed. To put it bluntly, there's a point at which you raise capital and build on vision. Your early investors and users are taking a giant leap that a. you can execute on the vision and b. customers will one day want to pay…

Their last Series A [1] was led by Redpoint Ventures which means you would have Tomasz Tungus involved in this decision. Of all of the VCs I've ever seen, heard or read about he is the most metrics driven. He regularly benchmarks companies against each other and has a deep understanding of the health of each aspect of a business. I would highly doubt this decision was personal or politics driven in any way.

At a guess I would say that they did an analysis of the company and recommended it be shut down. And the other VCs i.e. the Australian trio of Airtree, Blackbird, Grok who are far less experienced in the VC game went along with it.

[1] https://www.crunchbase.com/funding_round/dgraph-series-a--ca...

Re: Quitting Dgraph Labs

#24
post #5

"They are now contemplating a few purchase offers. I have no control or say over this process. There’s a lot of politics. I’m a builder, not a politician and I see no point in staying on." The investors poured ~$15m into this company, and the board is now trying to fulfill its fiduciary duty by trying to recoup some of the invested capital. I understand that open-sourcing the code base would be a better outcome for i…

Open sourcing their code would be a terrible idea for the business unless they opted for a Elastic/MongoDB style license where you are prohibited from offering a cloud version of the code.

Because you know AWS would be circling this news very closely for another product to add to their lineup.

Re: Quitting Dgraph Labs

#25
post #19

Maybe this whole VC fund cycle driven model of pumping and dumping/exiting companies is not ideal after all.

Except that's not what is happening at all. VCs are holding onto companies much longer as, (a) the average time to reach IPO stage has gone from 4 to 11 years over the last two decades and (b) the amount of unspent money floating around is so high. There is definitely more to this story than just the VCs trying to exit.

In this case it sounds like the business is failing and they want to write off their losses.

My comment was a broader critique of the venture model, which leads to business churn that nobody other than the VCs need.

Re: Quitting Dgraph Labs

#26
post #9

yea, that's my biggest fear right there (in terms of raising money). I doubt he walks away with anything after pouring his life into the company for years. I get that they raised $15 million, but to lose your code, company and time is horrible. He ended up being powerless at his own company

Right, that sucks, but he signed up for it by taking VC money.

Re: Quitting Dgraph Labs

#27
I've followed Dgraph off and on. I enjoy looking through their open sourced work. A lot of it is interesting.

Manish seems to be THAT person. The technically competent, unwavering to the technical vision, doesn't work well with others person at your company. He went on to found a startup so he could do what he wants, and unfortunately has now realized board members are very similar to managers at Google.

Here's a blog post where he stepped down from being CEO to being CTO: https://dgraph.io/blog/post/changing-guard/

> I’m very confident in my abilities to bring in a solid VP team and lead the GTM motion. But, I’ve also realized that Dgraph is an intrinsically technical product. While I can find other S&M folks, finding a true engineering replacement for me has been, and will continue to be a real challenge.

Reviews from Glassdoor confirm this inability to let others touch his baby: https://www.glassdoor.com/Reviews/Dgraph-Labs-Reviews-E12849...

> Massive layoffs with no warning and almost no severance pay. This is a sinking ship, not a rocket ship - avoid it! Inept founder (was CEO and CTO while I was there) who only believes in his ability and doesn't trust employee expertise. He would rather be right than make money or see his company succeed. Manish doesn't listen to employees or managers and even disputes data showing false assumptions or failed business approaches. Micromanages in departments where he has minimal knowledge or understanding, leading to low morale and poor results.

Re: Quitting Dgraph Labs

#28
post #10

Building a database is such a hard undertaking. I have to give a shoutout to RethinkDB, which also had cool tech and also failed commercially. And then if you have success as open core, AWS will just fork and offer a hosted version of your software. Good luck continuing Dgraph as open source.

Spencer Kimball talks about this wrt CockroachDB in this changelog (founderstalk.fm?) podcast

https://changelog.com/podcast/448

Re: Quitting Dgraph Labs

#29
Manish and his team have built wonderful pieces of software and have been nothing but amazingly helpful to me when I dabbled with Dgraph three years ago or so (early versions).

Feeling sad for them but I'm sure they'll come out stronger and current users will follow them.

No clue about the politics and $$$, but the product was already promising and different from the competitors (ArangoDB and Neo4j).

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