This is not new in any way. Famously, Cisco has done this for decades, having been on a nonstop mad acquisition spree since the nineties, and more than once even acquiring companies that started as Cisco spin-out.
Also many of Google’s flagship products come from acquisitions. Eg Android, Docs, YouTube, their entire ad network, Firebase, DeepMind, lots more.
This isn’t easy! Equally famously, Microsoft routinely botches acquisitions, eg Skype, Nokia etc. Seems to me the only MS acquisitions that don’t fail are the ones they mostly leave alone (eg LinkedIn, GitHub).
Almost the entire biotech industry has been this way for decades once the small molecule patent cliff hit pharma and the R&D costs for therapies skyrocketed. If you look at biotech IPOs, the majority of the startups IPO pre-revenue, long before they’re even legally allowed to sell anything.
Which is totally fine: anyone who is a biotech investor knows this and everyone makes tons of money in this arrangement. Investors (both public and private) take on the science risk and some of the regulatory risk, and the pharmaceutical companies provide a guaranteed (big $$$) exit and take over scaling manufacturing to bring a drug to market. Most people with retirement accounts and pensions and index funds rarely touch this stuff except as a diversification strategy that pools the risky stuff to get the upside on the whole industry.
It's the same in medical devices. Most startups take it from idea through R&D then go public or are acquired right as they go through FDA approval or submit for it.
Cadence is one of the big companies in EDA (Electronic Design Automation - semiconductor chip design software)
I met someone that left to go to a startup and was bought by Cadence. He did this 5 times and about 2-3 years later Cadence would buy the startup he was at. He just couldn't get away.
It's low risk from the acquirer's point of view. Somebody else paid for that research, you just get to buy it once it's proven itself sufficiently to your liking.
The tv series Silicon Valley has a good episode where they discuss the importance of a start-up not having any revenue. Being pre revenue apparently means unlimited potential, with any level of revenue being bad, as you always have to grow it.
I don't exactly disagree. But the word "obvious" doesn't work very well during a bubble. Sure, yes, the current revenue doesn't justify the purchase price. But that doesn't mean that anything justifies the purchase price.
We can't work backward rationally from "this deal makes sense" and get to "here's why". Corporate acquisitions often don't work that way, even when there's no bubble. The price is often just not justified at all. By anything.
In many cases they're just capitalizing testosterone.
It could mean different things I guess, but here’s my take:
If you do very risky R&D in a big corpo then the risk creeps into other things: other projects might look at the R&D and say, “we will just use that when it’s done”. It’s a lazy kind of move for tech leaders to make, because it makes you look like a team player, and if the R&D goes belly up then you have someone else to blame. This ultimately leads to risky R&D in a big corpo not being compartmentalized as much as it should be. If it fails, it fails super hard with lots of fallout.
But risky R&D at a startup is compartmentalized. Nobody will say they use the output of the startup until there are signs of life, and even then healthy caution is applied.
I think that the photos they have on their front page should be enough to tell you who is their target market.
I've invented this heuristic: if the page that describes the project uses the word "solutions", then they'll attempt to use "open source" to obtain free labour, but will distribute the revenues only amongst those people who actually have control.
I don't think the GP implied anything about race? The photos I see are war frigates, power plants, some sort of military operations center, and commercial airliners.
I left every option open for OP to explain. I personally couldn't care less what skin colour are in any of the photos. Not a single one of them match my own.
Everything you mentioned in that list in people who can pay. As opposed to people who code and they use what they code, and furthermore share it with other people who also code and use what they code.
It's "open source" so that they save on developer costs, not for ideological reasons, and you can tell from the photos on their front page - that's what I was implying.
I think this is kind of cynical. I often adopt open source tools because I want to avoid vendor lockin. And so do many. It's not like I say, "Wow. Another code base to dive into and spend hours trying to understand." Nope. I just want the assurance that I can do it if I ever need to do so.
Governmental organizations and corporate firms is the vibe (or maybe that was obvious and you're just trolling).
I think the point was that open source hasn't often been supported by companies serving these kinds of markets and the interests of the broader community are often sidelined.
see Meta, which is operating like a crime syndicate, leveraging higher fees on scammers "to discourage" them, retaining their impact on supply side auction prices and well knowing many don't pay with their own credit cards.
They didn't care about being a huge driver behind a genocide, why would they possibly care about people getting scammed out of cancer fundraiser donations. Once you find out that someone has worked at any point for Meta past say, 2020, you know everything you need about them.
The point is to take the money, you see. It's the idiots who give it (which will involve looting the federal government for years to come) who will be screwed, not the guys running the scam. This should be evident after AI now. The entire industry is a narrative manufacturing machine aimed at separating investors from their money. That's all there is to it.
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