I was quite surprised to see the acquisition! I think they never found PMF because they pivoted upmarket and were trying to do too many things.
Even though I'm not a customer of June, I've always rooted for them from the sidelines. They were a different kind of YC company; these days, you only see AI slop companies coming out of YC.
Seems like the founders lost hope in it and probably sold it to Amplitude to have a soft landing instead of a complete crash and burn. Since both are YC companies, i think this was an internal nudge towards a sale. But can't say for sure, i think the founders will share what truly happened in a few years once they're contract expires. Anyways, good luck to the founders!
I wish there was more honesty in the post about what happened. When you boil down the details, it basically just seems to say the founders decided they would rather become (the X-hundredth) engineers at Amplitude.
Unless they were running out of money, I don’t see how they’ll have a “bigger impact” doing that instead of building a fresh take on the B2B analytics space.