Bun's Release Hype - A Step Towards Getting Acquired
Last Friday, Bun 1.0 was released - moving the conversation from DHH and TypeScript towards Node.js and a new competitor. Just like the battle that waged before it - this one was fueled by hype and passion. As the hype train rolled through Twitter, many were excited about a shiny new runtime, while others voiced concerns.
I *really* like what @jarredsumner is doing with Bun, but I'm a bit frustrated by their compatibility claim with @nodejs. It's not fully compatible, and many inner details are different. This results in many random issues over my repos asking for fixes for Bun incompatibilities,… pic.twitter.com/p8t72natBF— Matteo Collina (@matteocollina) September 9, 2023
Matteo’s chief complaint about Bun could have been resolved with clearer messaging by Jarred and his team - especially surrounding the 1.0 release itself.
I found myself wondering why would they make this mistake? Why did they even need to release a 1.0 without certain drop-in compatibility? Why did they even need a production-grade video to introduce Bun (don’t we all already know about it)?
While discussing this on Discord, a user pointed out the obvious - they’re ready to raise more capital (or get acquired).
What is Driving Bun’s ROI?
Bun’s business model relies on building Oven - their own edge computing platform. I don’t know much about build a PaaS or the capital required to establish one, but I can imagine that $7m might not make it very far. Additionally - what makes a brand new PaaS so exciting and relevant (hint: its not a runtime that anyone can support)? I would expect Oven to need significant investment in time and resources building the various pieces a PaaS requires: DNS management, cert management, routing and proxies, databases, storage, and elegant/branded UIs to configure and simplify all the above.
It wouldn’t surprise me if they skip the work required to build Oven altogether - I mean, why are they only hiring low level systems programming engineers if they were expecting to ship a major service?
Only time will tell - but my guess is they’re positioned to be acquired - and I would rank Vercel as one of the top buyers.