Congrats Adam, Jmo & team!
Databricks acquires serverless Postgres vendor bit.io
21–30 of 119 posts
Re: Databricks acquires serverless Postgres vendor bit.io
#22Earlier 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…
The only way I have seen this work out is to give the aqui-hired team a ton of equity in the new company so that they don't jump ship immediately.
Re: Databricks acquires serverless Postgres vendor bit.io
#23"Serverless"...this word is so thrown around nowadays that it lost its original meaning. Same way the phrase "we're like a family" transitioned from a beloved one in 50's to its thrown away in 90's meaningless all the way to today be considered a red flag when you hear such a word at a hiring interview, the "serverless" word is in its late 90's nowadays. One decade and will become just another red flag.
Re: Databricks acquires serverless Postgres vendor bit.io
#24Are there alternatives to the database service with similar API or is it leaving a gap in the market?
Amazon serverless Postgres aurora.
Re: Databricks acquires serverless Postgres vendor bit.io
#25Congrats 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 literall…
Well, it is going to be incredible journey for customers now.
Re: Databricks acquires serverless Postgres vendor bit.io
#26Are there alternatives to the database service with similar API or is it leaving a gap in the market?
I don't know about serverless, but it's hard to beat Crunchydata for PostgreSQL these days. They're my goto.
Re: Databricks acquires serverless Postgres vendor bit.io
#27Re: Databricks acquires serverless Postgres vendor bit.io
#28Earlier 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.
Firebase (which I was part of). Dunno if you count it as an acquihire if the product survives but I am pretty sure we did what the big G hoped we would
Re: Databricks acquires serverless Postgres vendor bit.io
#29> 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?
Is it effectively Databricks that is shutting down an infrastructure solution on short notice?
I'm not thinking about whatever legal technicalities could be debated by lawyers, but what real-world truth is.
Re: Databricks acquires serverless Postgres vendor bit.io
#30What benefits does one get from using bit.io or other equivalents compared to the AWS built in Aurora? is their offering different and I'm just confused by the jargon?