After just going through a 6 month, pain-filled fund raise for an open source database (big on integration), this is probably the most upsetting thing I have ever read in my life.
Far away from Silicon Valley with no flashy credentials, 13 days is an impossible dream.
That said, massive kudos to the team for such clear storytelling & delivery.
This could end up helping much more than hurting long-term. Engineering salaries in the Bay Area are insane. Salaries for engineers in the US overall are very high. If you’re in Europe, you can likely afford 2-3x more engineers than your competitors for the same amount of $ raised.
that's true, but they get more money at better valuations so it balances out -> and engineer headcount is a bad predictor of success! It is as much the experience of taking a database/dev tool and going big that's lacking outside SV -> marketing, operations etc. Plenty of talented engineers (and marketers) around the world, very few engineers who have built a MuleSoft or a Snowflake.
Thanks! My reply looks a little bleak, but it was a successful seed round raise (TerminusDB). We are doing fine and the future is bright, it just took months of blood, sweat, and tears to close.
After just going through a 6 month, pain-filled fund raise for an open source database (big on integration), this is probably the most upsetting thing I have ever read in my life.
Far away from Silicon Valley with no flashy credentials, 13 days is an impossible dream.
That said, massive kudos to the team for such clear storytelling & delivery.