The Avocado Pit (TL;DR)
- 🥑 Supabase just hit a $5 billion valuation by turning down deals.
- 🚀 They’re the go-to for vibe coders needing a solid database.
- 💰 Raised $100 million after already closing $200 million earlier.
Why It Matters
In a world where saying "no" is harder than explaining blockchain to your grandma, Supabase has mastered the art of selective handshake refusals. They've become the hot new backend buddy for vibe coders — those folks making coding as stylish as it is functional. The startup leaned into its open-source roots and turned down tempting but potentially distracting contracts. The lesson here? Sometimes, less is more — especially when you’re aiming for a valuation that could buy a small island. Supabase's strategy shows that staying true to your mission can be more profitable than chasing every shiny dollar.
What This Means for You
If you're a developer or startup navigating the wild waters of tech, take note: not all contracts are created equal. Supabase's success story is a testament to the power of focus and alignment with core values. If you're in the tech scene, this could mean seeking partnerships that truly resonate with your goals instead of grabbing every opportunity like a kid in a candy store. It’s about building relationships that support long-term growth rather than short-term gains.
Fresh Take
In the cutthroat world of tech, turning down a million-dollar contract is as rare as finding an avocado perfectly ripe. Yet, Supabase did it and thrived. Their journey is a refreshing reminder that sometimes, sticking to your guns and focusing on what you do best can yield better results than chasing every dollar bill that flutters by. It's like the tortoise and the hare, but with more code and fewer shell metaphors.
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