Somewhere buried in the article is Airbyte's valuation. For a 1 million in revenue they had a billion dollar valuation. That's like 1000x multiple. Is it because they are open source?
Dumb valuation aside, Airbyte seems like it will wipe the floor with Fivetran and other pay-per-record data pipelining tools. Open source, decent community, you can host it yourself... Orders of magnitude cheaper.
I think it's because there are investors desperate to get into this industry but can't invest in 5T et al, so they invest in whatever they are able to hoping they'll capture some of the uplift
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Somewhere buried in the article is Airbyte's valuation. For a 1 million in revenue they had a billion dollar valuation. That's like 1000x multiple. Is it because they are open source?
Their deck is hilarious, talks about their single digit thousands strong Slack community as if that’s something to brag about.
Wow you weren’t kidding. Finally a startup in a field I know about.
This is a bubble.
Dumb valuation aside, Airbyte seems like it will wipe the floor with Fivetran and other pay-per-record data pipelining tools. Open source, decent community, you can host it yourself... Orders of magnitude cheaper.
I think it's because there are investors desperate to get into this industry but can't invest in 5T et al, so they invest in whatever they are able to hoping they'll capture some of the uplift
some other data points https://twitter.com/search?q=from%3Achetanp%20airbyte&src=ty...