Supabase (YC S20) – An open source Firebase alternative
I like this trend of creating a free / low cost version of an entrenched product & then supplementing with SAAS revenue.<p>However, the real reason these companies are worth so much is the stock market & careful stock manipulation carried out by Wall Street firms.<p>It's a game of using most of your money for AdWords & marketing.<p>The trick is to grow your revenue at a rate like 40% yoy, starting at a rate of about 100% and then slowly declining down to a 40% rate.<p>Of course you pay for this with ad dollars.  Wall Street really does not care how you obtain that growth, just that you do obtain it & every quarter you "surprise" the analysts with a little more revenue than planned.<p>In the beginning you can spend lavishly on SG&A so that it's an easy target for reductions in the future.<p>And in the beginning you take out massive amounts of money with stock option grants.<p>Anyways, my observation is that we could use a Stock Wealth Maximization as a Service.