SupaBase have 116 million in funding, and they're worth 1 billion dollars. According to their landing page, their primary feature is being able to ...
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For funding, it seems like it is all about appearances and presentations than showing intrinsic value. Often times, people in VC aren't tech savvy so they aren't going to know about open source projects if it is not presented in front of them. Pitching is a big part of whether something gets funding or not. Often times it isn't the best that gets the funding, it is the ones that show up.