a great and incredible journey it has been.
Databricks acquires serverless Postgres vendor bit.io
11–20 of 119 posts
Re: Databricks acquires serverless Postgres vendor bit.io
#12Congrats to Adam and the bit.io team!
I don't mean to take away from getting hired at databricks.
But my understanding is they essentially got hired at Databricks? Maybe got a paycheck to do it?
Meanwhile they shuttered and abandoned the product and all customers.
Is it really the goal to make an mvp and plan to get noticed and acquired vs actually making a product, customers can migrate in a month or not we don't care?
The product they made was literally meant to be a reliable solution. 1 month for all customers to migrate away? Really? That's assuming they see the announcement today too, it would be so easy to miss the email/hacker news post.
Re: Databricks acquires serverless Postgres vendor bit.io
#13Earlier quoted context omitted.
Assume any acquisition without public terms done over blog post is an acqui-hire. But given the market that's still an accomplishment!
Are there good examples where an acqui-hire works out for the acquiring company? Seems like the acquiring company's culture is almost always at odds with the company being acquired and it causes the high performing teams they paid dearly for to leave. I don't understand what a company hopes to gain doing stuff like this as the (long term) incentives don't seem to align.
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Re: Databricks acquires serverless Postgres vendor bit.io
#14We’ve been moving our workflows out of Databricks to PostgreSQL to save a ton. Wonder if what they’re going to do with this would have been handy at the time.
Where is the saving coming from if i may ask ? Are you guys using Databricks offerings or a self managed spark cluster ?
Re: Databricks acquires serverless Postgres vendor bit.io
#15Earlier quoted context omitted.
Assume any acquisition without public terms done over blog post is an acqui-hire. But given the market that's still an accomplishment!
Are there good examples where an acqui-hire works out for the acquiring company? Seems like the acquiring company's culture is almost always at odds with the company being acquired and it causes the high performing teams they paid dearly for to leave. I don't understand what a company hopes to gain doing stuff like this as the (long term) incentives don't seem to align.
If they truly don't want the tech - meaning this is a straight-up acqui-hire - then the employees of the acquired company continue to have a job, and ideally some sort of bonus or earn out for staying N months or years. It is a nicer landing than bankruptcy.
The executives of the firm being acquired usually don't come, unless they have some skillset the acquiring company needs. But they (hopefully) get a cash bonus for the successful acquisition.
Everything is negotiable of course.
Re: Databricks acquires serverless Postgres vendor bit.io
#16> Then, final database exports will be available for download through July 29. Hope nobody was using bit.io as a set and forget solution... Which I thought was the entire point of the cloud hosted databases?
You thought correctly.
Re: Databricks acquires serverless Postgres vendor bit.io
#17We’ve been moving our workflows out of Databricks to PostgreSQL to save a ton. Wonder if what they’re going to do with this would have been handy at the time.
Where is the saving coming from if i may ask ? Are you guys using Databricks offerings or a self managed spark cluster ?
I'm willing to bet they are moving from databricks offerings, considering their pricing is insanity.
Re: Databricks acquires serverless Postgres vendor bit.io
#18Are there alternatives to the database service with similar API or is it leaving a gap in the market?
Re: Databricks acquires serverless Postgres vendor bit.io
#19Are there alternatives to the database service with similar API or is it leaving a gap in the market?
Neon is an awesome serverless Postgres: https://neon.tech/
Re: Databricks acquires serverless Postgres vendor bit.io
#20Earlier quoted context omitted.
Are there good examples where an acqui-hire works out for the acquiring company? Seems like the acquiring company's culture is almost always at odds with the company being acquired and it causes the high performing teams they paid dearly for to leave. I don't understand what a company hopes to gain doing stuff like this as the (long term) incentives don't seem to align.
If they truly don't want the tech - meaning this is a straight-up acqui-hire - then the employees of the acquired company continue to have a job, and ideally some sort of bonus or earn out for staying N months or years. It is a nicer landing than bankruptcy. The executives of the firm being acquired usually don't come, unless they have some skillset the acquiring company needs. But they (hopefully) get a cash bonus f…
What does the acquiring company get out of this transaction though? What's the return on investment here if folks end up leaving or are completely checked out during their rest-n-vest? You can spend millions with a high end boutique consulting firm that will most likely be more accountable and productive than an acqui-hire.