[HN Gopher] Meltano raises $4.2M seed round
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Meltano raises $4.2M seed round
Author : visch
Score : 51 points
Date : 2021-06-30 16:52 UTC (6 hours ago)
(HTM) web link (meltano.com)
(TXT) w3m dump (meltano.com)
| visch wrote:
| I'm super excited to see Meltano will applied across all sorts of
| industries!
| dmor wrote:
| Congratulations Douwe and team, I can't wait to see what you
| build next!
| motohagiography wrote:
| From an employee/engineering perspective, spinning out products
| with seed funding sounds like the coolest possible way to
| approach growth for established companies. The idea you could
| work somewhere big and then have the opportunity to do a startup
| with a direct piece of the upside seems amazing. From a product
| perspective, you get a clean slate and some sales support from
| your old company who have a stake in seeing you succeed.
|
| How do investors feel about that though? I worked for a company
| that had raised several rounds from institutional money over a
| decade, and then it spun out one of its technology products into
| a new company with some select employees and a new cap table, and
| it was promptly acquired by a unicorn (8-12mos), leaving the
| other employees left behind to develop another product, with a
| good chance of this happening again, and the investors holding a
| piece of a what was essentially a farm team development shop.
|
| Congratulations on this seed round, it's just exciting to see
| GitLab doing something this cool. This other pattern probably
| isn't a factor here, but I'd be interested in how you pitch
| spinoffs to investors.
|
| Maybe swap some of their current equity for shares of the spinoff
| startup? It's interesting because I can think of a bunch of
| companies that have become too big to do anything new, and
| packaging this could be a real play.
| whomst wrote:
| Clayton Christensen wrote about this extensively in The
| Innovator's Dilemma. I read it and enjoyed it
| lyime wrote:
| Investors would be happy that they get to participate in a
| project of a bigger company. Typically those opportunities
| don't exist.
| diminish wrote:
| could anyone tldr what meltano does and where the name comes
| from? is it mELTano of ELT?
| aliswe wrote:
| not clear at all what it is
| DouweM wrote:
| Meltano is an open source platform for ELT (Extract, Load
| Transform) pipelines that leverages Singer for data
| integration and dbt for transformation. It may not be clear
| from the blog post (since it's not focused on introducing the
| product), but I hope the homepage would get that across:
| https://meltano.com/
|
| Please let me (Meltano CEO) know how we could make that more
| obvious!
| rconti wrote:
| anagram of Menalto? (Menlo/Palo Alto)?
| sytse wrote:
| Meltano is a open source platform for automating ELT pipelines.
| rad_gruchalski wrote:
| Is there any significant difference from the traditional ETL?
| tayloramurphy wrote:
| I can't find the issue, but originally it stood for different
| parts of the data lifecycle - Model, Extract, Load, Transform,
| Analyze, Notebook, Orchestrate. We don't really highlight that
| much anymore, but there's no denying the roots!
| jakecodes wrote:
| Congrats Douwe and team! I'm super excited!
| timfrazer wrote:
| This is great news. Excited to see where this heads!
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