alt Hacker NewsVery much doubt it’s generational wealth. I’m not sure how much people think open source companies are worth, but the path to VC-scale profitability is incredibly rare.
My guess is that Amazon wants official hosted versions and doesn’t want to go through something like the Redis fiasco with licensing. In that case, they ended up having to support their own development anyway (with Valkey), so they might as well just buy the team.
DuckDB team probably gets a nice package and pay bump, but it’s really unlikely they’re getting hundreds of millions from this.
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> I’m not sure how much people think open source companies are worth, but the path to VC-scale profitability is incredibly rare.
MotherDuck, a semi-competitor of theirs has raised $100mil in funding. DuckLabs has reportedly taken no external funding (so all ownership is with the founders) and was profitable with 30+ employees.
On the sidelines, other companies behind beloved open source products, like Astral, Astro, Bun are getting bought left and right.
With that as a backdrop, I think they should have been able to get quite a good payout.
How much do you really need for generational wealth? In my opinion, if you're more than 10 years away from retirement and received a surprise $1 million, you're setup for the rest of your life and your children as well assuming they don't immediately blow it all when you die (that's what a good trust should be for).
Assuming historical returns, your money doubles roughly every 7 years, so within the rest of your lifetime, that 1 million should turn into at least 8. That's an extremely comfortable upper-middle-class lifestyle on the interest payments alone. If your children don't spend it all, your grandchildren would easily have private jet money by the time their parents retire.