Vercel might end up becoming the open source gig economy, the Uber of open source. With that investors money coming in, there has to be a winner takes it all market strategy that they are after.
I suspect that VC money will be used to acquire and influence key open source contributors, and commercialize their work after giving them fixed salaries to work on their projects.
I'm hoping to see them hiring more people to work on open source as oppose as acquiring the already well sponsored ones.
Anyway, congrats to the team and their success thus far! and I hope they keep the healthy spirit of open source.Reply
I'm happy for the folks at vercel, Next.js is really an amazing framework. Wish you all the best.Reply
Impressive execution and product strategy.Reply
They have such a terrible landing page though.
Having heard of this first time I tried looking it up and all I see is this:
> Vercel combines the best developer experience with an obsessive focus on end-user performance. Our platform enables frontend teams to do their best work.
The heading above it is even more nonsensical. So many words which convey absolutely nothing to me.
Can anyone please tell me what does it do? Is it a cdn or some kind of hosting?Reply
They've been raising what, 2 rounds per year at this point? If they're burning through cash at that rate, it seems like it's time to host stuff on something more sustainable like Digital goddamn Ocean One of these days Series K will fall through and the amazing future of web platform will shut everyone's websites downReply
Am I the only one around here that is less and less excited about Vercel as they raise more and more money?Reply
Can we expect IPO next year :p ?Reply
Money is free right now, get while the getting is good.Reply
Now that's a lot of money. It seems admirable to have "Support open-source projects" as their first item but I wonder what portion of that funding goes to open-source. Is it an euphemism for hiring open-source maintainers to work on integrating their projects to Next.js stack? I mean certainly Vercel aren't just donating the money away.
But I assume most of the money goes to hiring new folk. Dunno how much new engineers you can get out of it. Anyway, good for them.Reply
Lee from Vercel here. Happy to answer any questions about Vercel and our plans for this new round of funding.Reply
can someone eli5 why investors are throwing so much money at Vercel, Netlify and Gatsby?
what kind of promises are they making in exchange of the capital?
why don't more capable platforms like Render or Fly.io raise as much?Reply
It seems Round C of $102M was just in June 2021. https://techcrunch.com/2021/06/23/vercel-raises-102m-series-...
What are the reasons for two rounds so close to each other?Reply
IMO this is .com bubble v2 in the making
No wonder the US dollar is about to hyperinflate. They're printing it like crazy and handing it out to speculative projects whose clients' revenues are also all denominated in worthless USD.
USD has become a liability for the world. The only reason China doesn't dump all their USD reserves is because they know the global economy will pop instantly because there's no real value behind it to support such big, unfairly distributed numbers in the pockets of so many unproductive people. The world is simply afraid of what comes next but they will have to face it regardless because time is running out and citizens of the world are tired of propping up this fiat pyramid scheme.Reply
Isn't already super trivial to get a nodejs app and running in not time on AWS or GCP? Why would I pay for this?Reply
For me as a casual observer of the space, the 2.5bn valuation seems mind-boggling. How?Reply
I wonder how much of this round is secondary purchases of common stock from the founders. I would guess it's a pretty significant amount.Reply