I believe this completely. They didn't have to join, which means they got a solid valuation.
> Instead of putting our users & community through "Bun, the VC-backed startups tries to figure out monetization" – thanks to Anthropic, we can skip that chapter entirely and focus on building the best JavaScript tooling.
I believe this a bit less. It'll be nice to not have some weird monetization shoved into bun, but their focus will likely shift a bit.
Did they? I see a $7MM seed round in 2022. Now to be clear that's a great seed round and it looks like they had plenty of traction. But it's unclear to me how they were going to monetize enough to justify their $7MM investment. If they continued with the consultancy model, they would need to pay back investors from contracts they negotiate with other companies, but this is a fraught way to get early cashflow going.
Though if I'm not mistaken, Confluent did the same thing?
With more runway comes more investor expectations too though. Some of the concern with VC backed companies is whether the valuation remains worthwhile. $26mm in funding is plenty for 14 people, but again the question is whether they can justify their valuation.
Regardless happy for the Oven folks and Bun has been a great experience (especially for someone who got on the JS ecosystem quite late.) I'm curious what the structure of the acquisition deal was like.