Facebook Buys Bangalore Based App Monitoring Co Little Eye Labs | Hacker News Reader

Facebook Buys Bangalore Based App Monitoring Co Little Eye Labs

medianama.com

67 pointsghosh18 comments

This seems to be closer to an acquihire. Product will only be continued until July 2014. Roughly $1.5-2M per employee (7 employees).

Isn't this deal symptomatic of the typically impatient Indian venture capital investor ? From what I understand based off conversations with friends in Bangalore and Pune, Indians VCs want to either see a company delivering profits almost immediately or be ready for a quick sale to bigger companies. There seems to be almost no appetite to nurture a tech start-up with the kind runway typical of american start-ups. As a result , several Indian tech start-ups are forced into becoming an offshore outsourcing providers.

Its not the Indian VCs , its the nature of most of the Indians, I am an Indian living in Barcelona , Spain . I know Indians who make significant amount of money (6 digit) every month . They just want to invest in business where they can see returns from next day or month, Its Indian mentality and its common to think like this in India .

Well, who doesn't want immediate returns?

The difference is that western societies have developed the concept of long term investment better than Indian one (IMO). It first started out with the Trade Companies (East India Company etc.) and has developed for over 400 years now (EIC was established in 1600).

Actually, the concept of using other people's money to make a profitable business might have started even earlier, but that is all that Im personally aware of.

I think most people, Indians or otherwise, are averse to risks posed by tech startups. An they are also unqualified to do so.

My point was that the VCs in India seem to be mostly MBA or big-company-executive types . I looked at the profiles of some of the GPs at Venture East, the VC backing Little Eye and not one of them seems to have founded a tech startup, in India or elsewhere. Same with GSF.

The reason American start-ups do so well is that quite a large number of GPs at American VC firms were tech entrepreneurs before becoming VCs.

They are happy with their peanut returns. So who are we to complain ?

Good to see Indian start-up making the mark here, perhaps it will remove the stereotype most startups face from investors and potential acquirers as they are based out of India

Actually that's pretty much how most of the country works. When you have tight liquidity and high inflation, you either quickly want good returns or exit.

The way this is going, this will actually be a part of Parse (parse.com) now that Facebook bought recently to provide a more robust MBASS platform for app developers.

Parse.com? I think it is more about cloud services for your apps.

I think it is more towards Facebook Home app. Why would they buy a android performance monitoring app. The guys at LittleEye have some good tech for automating the instrumentation of the APK on the device itself (decompile and build apk back), etc. They may be targeting android app store!

Yes, Facebook home would benefit the most. But, as mentioned by msahil, Parse will also hugely benefit. Parse has an Android SDK and a custom Push Notification implementation as part of it which runs as a background job in the phone. So, resource optimization becomes key here.

This is a great start for the Indian Start up Scenario. India needed this boost for long time.

India needs foreign companies buying and shutting down start-ups?

"The entire Little Eye Labs team will move to Facebook’s headquarters in Menlo Park, California."

Whilst I actually agree with, I figure an alternative viewpoint is that now there is more incentive for young Indians to get into the start-up scene due to the gold at the tunnels end.

Consequently many will fail but also many will pivot to serve Indian interests in that pursuit.

The net total payoff may be greater than no outside involvement.

There is very little gold at the end of the tunnel for an acquihire.

Strange, I think I heard of this few weeks back.. but anyways.. congrats to LEL team :)

Congrats to the entire Little Eye Labs team. :)

Am I the only one who read that as "Bang Bus App"?

yes

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