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OpenAI Acquires Rockset

(openai.com)
249 points colesantiago | 3 comments | 21 Jun 24 15:04 UTC | HN request time: 0.605s | source
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codezero ◴[21 Jun 24 15:53 UTC] No.40750821[source]▶
Really surprised to hear that they will be shutting down the SaaS business and all existing customers will need to offboard by the end of September.

Quite a few of my customers build on top of Rockset and it won’t be a smooth transition.

replies(2): >>40751157 #>>40752956 #
ilrwbwrkhv ◴[21 Jun 24 19:42 UTC] No.40752956[source]▶
Classic VC funded saas.

Why people would build actual businesses on top of these fly at night Saas companies funded by VC money is beyond me.

replies(1): >>40753286 #
1. codezero ◴[21 Jun 24 20:08 UTC] No.40753286[source]▶
It's not really classic. There are many different kinds of exits, this one is pretty uncommon in my experience, especially for a company that's been around as long as it has and with the customers they have.
replies(1): >>40768538 #
2. hodgesrm ◴[23 Jun 24 16:21 UTC] No.40768538[source]▶
For another very similar example see FoundationDB, which was acquired and shuttered by Apple: https://news.ycombinator.com/item?id=9259986

More happily FoundationDB was later released as open source and is successfully used by many companies beyond Apple. Snowflake is a prominent example. [0]

[0] https://www.snowflake.com/blog/how-foundationdb-powers-snowf...

replies(1): >>40772391 #
3. codezero ◴[24 Jun 24 03:05 UTC] No.40772391[source]▶
yes, this does happen, but when someone says "classic" it kind of implies "common" - this isn't a common outcome. I am directly affected by this one, so, trust me, I know, it sucks.