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Re:Why did Heroku fail? by simonebrunozzi on Saturday May 14, 2022 @03:36AM (#31375868)
Not a "massive" success. At the time of the acquisition, its revenues were a few MM$. The acquisition price was high compared to what was happening at the time.

And then, Salesforce didn't really know what to do with it, and growth slowed down and good leadership left.

Re:Why did Heroku fail? by ehnto on Saturday May 14, 2022 @04:16AM (#31376047)
You are talking about money when their point is that it was a huge success as a product and it influenced a sea change in development practices. I would only ask if their revenue was enough to keep the lights on, if it id then people are getting employed and the community gets a valuable service. Wicked.
Re:Why did Heroku fail? by tedmiston on Saturday May 14, 2022 @09:46AM (#31377879)
Current revenue is not the right to focus on for an early stage acquisition.

They collectively raised $13M through the Series B in May 2010 and were acquired for $212M cash in December 2010 (technically ~$250M for the whole deal).

A ~16–19x return, especially that early, is pretty excellent.

That speaks to the product itself and its future growth potential and place in the market more than current revenue.

Re:Why did Heroku fail? by tedmiston on Saturday May 14, 2022 @06:27PM (#31383274)
*that should say not the right metric to focus on...