Ask HN: Why do VCS see market opportunity in dev tools?
4 by as90 | 1 comments on Hacker News.
This trend has no stopping it seems. Every dev tool startups are getting funded. Some of these startups are simple clones of existing proprietary services offered by AWS and other providers. (Like Cognito / Auth0) Why VCs are betting on this market? What is the opportunity to build a huge business here for a new startup, beating reputed players like AWS, Auth0 etc? What is the conviction of VCs here that these new startups will build a $100M business? I'm confused. Also, despite getting a lot of pessimistic comments on the future of such startups here in HN, they seem to raise further rounds (Series A, B) and even building a stable business. I feel like VCs are better at spotting something huge in this space, than the actual users (I mean developers) who feel pessimistic. Lol.