Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

PlanetScale performs layoff and prioritizes profitability

planetscale.com

Post reply on HN
Print view View original

1–10 of 53 posts

Re: PlanetScale performs layoff and prioritizes profitability

#3

Post by flybayer »

I'm curious if this was after a failed funding attempt. I think we're going to see a lot more VC backed companies prioritizing profitability.

I think startups should use seed rounds to become profitable. It's the only way to secure your future. You can be profitable and grow fast. See Notion and Linear.

Re: PlanetScale performs layoff and prioritizes profitability

#6

Post by frfl »

matdehaast wrote: post #2

This seems like a smart move. I know some will be frustrated with losing a free tier. But ultimately businesses need to make money and charging for it is part of that.

> ultimately businesses need to make money and charging for it is part of that.

This is a mentality shift from the investor side. You would be shot down if you said we're focusing on profits/revenue rather than growth from 2010 to 2021. Now it's shifted from growth to profitability.

A bunch of companies were burning money rather than making it for a decade.

Re: PlanetScale performs layoff and prioritizes profitability

#7

Post by samlambert »

flybayer wrote: post #3

I'm curious if this was after a failed funding attempt. I think we're going to see a lot more VC backed companies prioritizing profitability. I think startups should use seed rounds to become profitable. It's the only way to secure your future. You can be profitable and grow fast. See Notion and Linear.

I can confirm this is not because of a failed funding attempt. This is the most responsible thing we can do as an infrastructure provider.

Re: PlanetScale performs layoff and prioritizes profitability

#8

Post by toomuchtodo »

frfl wrote: post #6
matdehaast wrote: post #2

This seems like a smart move. I know some will be frustrated with losing a free tier. But ultimately businesses need to make money and charging for it is part of that.

> ultimately businesses need to make money and charging for it is part of that. This is a mentality shift from the investor side. You would be shot down if you said we're focusing on profits/revenue rather than growth from 2010 to 2021. Now it's shifted from growth to profitability. A bunch of companies were burning money rather than making it for a decade.

https://www.youtube.com/watch?v=BzAdXyPYKQo (nsfw language)

Re: PlanetScale performs layoff and prioritizes profitability

#9

Post by flybayer »

samlambert wrote: post #7
flybayer wrote: post #3

I'm curious if this was after a failed funding attempt. I think we're going to see a lot more VC backed companies prioritizing profitability. I think startups should use seed rounds to become profitable. It's the only way to secure your future. You can be profitable and grow fast. See Notion and Linear.

I can confirm this is not because of a failed funding attempt. This is the most responsible thing we can do as an infrastructure provider.

Good to know, I fully support it!

Re: PlanetScale performs layoff and prioritizes profitability

#10

Post by frfl »

toomuchtodo wrote: post #8
frfl wrote: post #6

Earlier quoted context omitted.

> ultimately businesses need to make money and charging for it is part of that. This is a mentality shift from the investor side. You would be shot down if you said we're focusing on profits/revenue rather than growth from 2010 to 2021. Now it's shifted from growth to profitability. A bunch of companies were burning money rather than making it for a decade.

https://www.youtube.com/watch?v=BzAdXyPYKQo (nsfw language)

Silicon Valley was a documentary
Post reply on HN