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Thankfully, I just need "Postgres", I wasn't depending on any other features so I can migrate easily if things start going south.
I've been seriously considering neon for a new application. This definitely gives me pause... maybe plain ol' Postgres is going to be the winner for me again.
Why would this give you pause? You just don't want the data to be where Databricks is? Either way, there are plenty of other serverless Postgres options out there, Supabase being one of the most popular.
After a funding round the value extraction from customers is just over the horizon
https://blog.bit.io/whats-next-for-bit-io-joining-databricks... https://www.databricks.com/blog/welcoming-bit-io-databricks-...
Or it's just a business decision to corner the market, as someone else said
Do they still have a lot of $$$?
For someone looking to join the company, I cannot imagine IPO to be a motivation anymore.
A tangential question here, will Databricks ever go public? At this point it's a large company making billion dollar acquisitions. For someone looking to join the company, I cannot imagine IPO to be a motivation anymore.
A tangential question here, will Databricks ever go public? At this point it's a large company making billion dollar acquisitions. For someone looking to join the company, I cannot imagine IPO to be a motivation anymore.
they can do employee liquidity event
Earlier quoted context omitted.
they can do employee liquidity event
That is not the same as an IPO right?
Many companies raise money only to give liquidity to founders / employees and some early investors even if they don’t money for operations at all.
While Databricks is large , there are much bigger companies which would have IPOed at smaller sizes in the past which are delaying (may never do) today. Stripe and SpaceX are the biggest examples both have healthy positive cash flows but don’t feel the value of going public . Buying back shares and options is the only route if you don’t have IPO plans if you want to keep early stage employees happy
A tangential question here, will Databricks ever go public? At this point it's a large company making billion dollar acquisitions. For someone looking to join the company, I cannot imagine IPO to be a motivation anymore.