171–180 of 309 posts
Congrats to the founders but honestly feel bad for the team. Hearing so many not good things coming from inside AWS these days. Place sounds like a total mess. Seems like a constant stream of top talent fleeing on my LinkedIn this past year. I hope they just let the team carry on and don’t contaminate it with all the other craziness going on.
What big corp is not a total mess?
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Very much doubt it’s generational wealth. I’m not sure how much people think open source companies are worth, but the path to VC-scale profitability is incredibly rare. My guess is that Amazon wants official hosted versions and doesn’t want to go through something like the Redis fiasco with licensing. In that case, they ended up having to support their own development anyway (with Valkey), so they might as well just…
How much do you really need for generational wealth? In my opinion, if you're more than 10 years away from retirement and received a surprise $1 million, you're setup for the rest of your life and your children as well assuming they don't immediately blow it all when you die (that's what a good trust should be for). Assuming historical returns, your money doubles roughly every 7 years, so within the rest of your life…
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Very much doubt it’s generational wealth. I’m not sure how much people think open source companies are worth, but the path to VC-scale profitability is incredibly rare. My guess is that Amazon wants official hosted versions and doesn’t want to go through something like the Redis fiasco with licensing. In that case, they ended up having to support their own development anyway (with Valkey), so they might as well just…
How much do you really need for generational wealth? In my opinion, if you're more than 10 years away from retirement and received a surprise $1 million, you're setup for the rest of your life and your children as well assuming they don't immediately blow it all when you die (that's what a good trust should be for). Assuming historical returns, your money doubles roughly every 7 years, so within the rest of your life…
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Sure, but that's not generational wealth.
We must be operating on different definitions. Generational wealth means you have enough money to meaningfully improve the lives of your kids and give them a leg-up on life. A million dollars is enough to buy a house for each of your 2.5 kids. If getting a million dollars wouldn't affect how much money you can leave your kids, you already have generational wealth.
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Interesting to see how they will update their About page. Currently it says “Today, DuckLabs remains independent and fully owned by the original creators. We've deliberately chosen not to take venture capital, so we can focus on sustainable engineering, correctness, and keeping DuckDB open and MIT-licensed for everyone. “ Future will tell if that ends up being true.
They now updated it. That bit is indeed gone.
>Independence: We are fully founder-owned and not externally funded. Our priorities align with the long-term health of the project and its users.
I'm an idiot, and a lot of Hacker News goes over my head, but I still read it. Would anyone mind answering this question? Are databases not a solved problem? Why are there lots of different databases? Why is one faster than the other? What's different between them?
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What business model do MIT licensed projects even have? If you want to offer support contracts and actually make people use them, don't use MIT. You can't have you cake (accepting public contributions and free labor) and eat it (sole profiteering) too.
Red Hat grew on GPL licensed projects to become a $34 billion business. Canonical does the same except it’s Ubuntu not RHEL and charges more than Red Hat. You really underestimate the value of support contracts.