Put another way: the idea didn't raise $17M, the team did. That's usually the case but you can fully expect a pivot in their future.

Once open source spreads into an area, it tends to kill (commodify) commercial software in that space.

For example, with databases, MySQL and Postgres "won". Yes, there are commercial databases like SQL Server and Oracle but they largely exist through regulatory capture and inertia. It's highly unlike anyone will ever make a commercial general purpose database again. There are always niche cases.

Same with operating systems. Yes we have MacOS and Windows but what are the odds we get another commercial mass OS? I'd say almost zero.

It's the same for source control. Git "won". There are a handful of others (eg Mercurial). But gone are the days of, say, Visual Source Safe.

But when people talk about "what comes after Git" they really mean (IMHO) "what comes after Github", which is a completely different conversation. Because Github absolutely can be superseded by something better. Will it though? I don't know. It has an incredible amount of inertia.

As for AI and anything related to source control, I'd have a hard time betting against Anthropic. But remember the exit could be an HN post of "We're joining Anthropic!". Side note: I really hate this "we're joining X" framing. No, you took the bag. That's fine. But let's be honest.

For people with a proven track record, AI is a gold rush of acquisition more than creating a sustainable business, let alone an IPO. I think that's what this bet is.