Re:Netlify Acquires Gatsby
by awill on Wednesday February 01, 2023 @12:20PM
(#34613911)
This kind of stuff is annoying. Netlify had no need to acquire this. They just want to increase their revenue.
As a Hugo user on Netlify, I hope this doesn't affect me negatively.
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I would guess its a down-round type of acquisition at the urging of Gatsby's investors and founders. They raised 10M+, this allows their investors and founders to get some liquidity back and Netlify picks it up on the cheap.
Re:Netlify Acquires Gatsby
by cfltlayoffs on Wednesday February 01, 2023 @12:37PM
(#34614266)
Yeah I've seen this for a bunch of startups that weren't profitable and struggled to close a new funding round. They pay back the VCs, the employees get zeroed out, and the execs usually get a retention bonus in the 6 figure range.
Re:Netlify Acquires Gatsby
by LightHugger on Wednesday February 01, 2023 @12:29PM
(#34614110)
It's typical "buy and shut down competition"...
How exactly does Netlify shut down competition with this?
As some people mentioned elsewhere, the acquisition is probably more focused on Gatsby Cloud than Gatsby itself (which remains open source), and Gatsby Cloud is a Netlify competitor.
> Gatsby Cloud is a Netlify competitor
That's a bold assumption. What's Gatsby Cloud's market share? Zero-point-something percent?
Re:Netlify Acquires Gatsby
by justeleblanc on Wednesday February 01, 2023 @03:50PM
(#34617516)
Yes, companies make moves to increase revenues.