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Retool raises $45M at a $3.2B valuation

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Re: Retool raises $45M at a $3.2B valuation

#61

Post by jarek83 »

dvdhsu wrote: post #2

Hi all, founder @ Retool here. We've made a lot of progress over the past few years, but we first started on HN, and certainly wouldn't be here without all of you! For example, here's when we launched: https://news.ycombinator.com/item?id=14515494 . Hilariously, we described Retool as "Excel with higher order primitives", and people understood it! (Only on HN!) After that, we spent around a year polishing the product…

I jumped on to see a demo and got stuck at the start where it wants me to add DB credentials. First thing is that I just wanted to fool around to see what I can do with it - it would be nice to have some playground DB for that instead of having to connect an existing set. Second thing - I'd be kind of hesitant giving access to my production DB to it this way. Do you consider adding some credentials store so I could feel that you guys cannot use it from your side (in case you get hacked)?

Re: Retool raises $45M at a $3.2B valuation

#62

Post by Hansenq »

no_wizard wrote: post #51
tomhallett wrote: post #38

Earlier quoted context omitted.

I have nothing todo with Retool, but I'm curious about the problem you are trying to solve. What do you want to consume the mock api? a) Is this for rapid prototypes? (web? mobile?) b) Do you have a microservice architecture and you want to mock out one of the services? (dev? ci?) c) something else? Lets say the generator looks at your schema and generates an api, how much would you want to tweak/customize that api?…

Cloud services have a real problem, they don't all have nice emulators for data or seeding. I'd love to setup a sandboxed test database automatically, and seed it with random data based on that schema (and perhaps some heuristics, like intentionally breaking some entries or random incomplete data sets) and I'd like do it without incurring the cost of maintaining this fully in house. I know in some cases, like with Gr…

Interesting...would it be accurate to say that the issue you're facing is being able to generate and access mock data for testing purposes?

I'm working on building something in this space. Would love to chat with you about your use case; mind emailing me at hq@ withcodex.com? Thanks!

Re: Retool raises $45M at a $3.2B valuation

#63

Post by jokethrowaway »

phphphphp wrote: post #33
intelVISA wrote: post #29

Earlier quoted context omitted.

From the other side I can't imagine using no-code and inhering that tech debt when the equivalent software can be written by 1 skilled SWE in a day(ish), is it really cheaper than about 10 quality manhours (~$5k)?

If you’ve ever worked in the real world, you’d know that the technical debt produced by developers who think they can build no-code alternatives in 10 hours is far worse than any technical debt these tools could produce. 10% of the code we write produces 90% of the value: retool etc. allow us to spend much less time on the 90% of code that isn’t valuable to the businesses we work for.

I disagree. I've been cranking out CRUD APIs with libraries in very little time. If something gets too complex you toss it away and maybe keep just the data model

What retool offers is a nice UI on top of CRUD apps

Cool, but I lived without it for my entire career (and I thought of building something like retool for about as long)

Re: Retool raises $45M at a $3.2B valuation

#64

Post by dgudkov »

dvdhsu wrote: post #2

Hi all, founder @ Retool here. We've made a lot of progress over the past few years, but we first started on HN, and certainly wouldn't be here without all of you! For example, here's when we launched: https://news.ycombinator.com/item?id=14515494 . Hilariously, we described Retool as "Excel with higher order primitives", and people understood it! (Only on HN!) After that, we spent around a year polishing the product…

Quite rapid growth! I'm curious, what in your marketing strategy worked best?

Re: Retool raises $45M at a $3.2B valuation

#68

Post by [deleted] »

dvdhsu wrote: post #2

Hi all, founder @ Retool here. We've made a lot of progress over the past few years, but we first started on HN, and certainly wouldn't be here without all of you! For example, here's when we launched: https://news.ycombinator.com/item?id=14515494 . Hilariously, we described Retool as "Excel with higher order primitives", and people understood it! (Only on HN!) After that, we spent around a year polishing the product…

[deleted]

Re: Retool raises $45M at a $3.2B valuation

#69

Post by joshu »

dvdhsu wrote: post #2

Hi all, founder @ Retool here. We've made a lot of progress over the past few years, but we first started on HN, and certainly wouldn't be here without all of you! For example, here's when we launched: https://news.ycombinator.com/item?id=14515494 . Hilariously, we described Retool as "Excel with higher order primitives", and people understood it! (Only on HN!) After that, we spent around a year polishing the product…

It's amazing how far you've come since Demo Day! I regret not making time for you then!

Re: Retool raises $45M at a $3.2B valuation

#70

Post by akomtu »

artemonster wrote: post #8

I dont understand how an apparently billion dollar company still requires to raise 45 million. Can someone ELI5 the economics of this?

Well, this headline is a great summary of what these valuations mean: you are worth 3.2 billion on paper, but have only 0.05 billion. That's a 70x magnifying glass for your wealth. To be a millionaire on paper, register a corp, ask a friend to invest 15k for 3% of the company, and you're officially worth a million. You'll still need a second job, though - rent isn't free.
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