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.However, the real reason these companies are worth so much is the stock market & careful stock manipulation carried out by Wall Street firms.It's a game of using most of your money for AdWords & marketing.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.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.In the beginning you can spend lavishly on SG&A so that it's an easy target for reductions in the future.And in the beginning you take out massive amounts of money with stock option grants.Anyways, my observation is that we could use a Stock Wealth Maximization as a Service.