alt Hacker NewsLicense policies are made by lawyers not by programmers. And their competition will be in the exact same boat (different lawyers though). AGPL is so toxic that it tends to be checked for during M&A processes so even if the current batch of lawyers is ok with it there is a chance that a later batch of lawyers is not. Given that the target audience for this project is the larger companies you are going to end up with a very nice project and zero actual users or you will end up with AWS et all stealing your work. Databases are very hard to do successfully commercially, at a minimum you should dual license them (AGPL for 'home' use and commercial licensing for parties that will want to buy the upside but they'll demand support and other stuff besides).
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A project can probably use the EUPL instead of the AGPL (EUPL is to AGPL, as MPLv2[0] is to GPL). Basically, EUPL is file-based, not project based, and so it is not aggressively viral. You can use the EUPL code any way you want, as long as you make the original code available, plus any modification to the original files.
[0]: With Exhibit B, which prevents relicensing to GPL. It is also analogous to CDDL.
This is the case when you have your own datacenter. This isn't as big a problem in the cloud. There are ways to write licenses that prevent cloud providers from stealing while allowing customers to use the software and being required to pay for it. The problem with the AGPL has to with its viral nature, not its provisions to prevent cloud vendor theft.