"We started with the open source product Alacritty, though for now we won't be sharing our source code. ..But depending on the telemetry we receive we might decide to make the source available at some undetermined point in the future! Maybe."

Talk about a bad taste. This is basically the Elasticsearch licensing fiasco waiting to happen again.

So many red flags, I don't have time to list them.

Bottom line: The company attitude is not open, and bears the whiff of the aggressive Docker-4-Desktop fiasco and financial investment recoupment strategy.

Lots of things can change, but organization DNA doesn't.

See also: Microsoft, Uber, Apple. Things don't really change.