[anandnair]

Dev tools market is indeed an interesting business to make tons of money. Because of the huge value that it offers to businesses. If you look at the dev tool product companies (even open-source ones) started 10 years back, most of them were either acquired for billions, and many of them did IPO. And most VCs missed this opportunity since they were skeptical about this space.

I think that is what is driving the current VC funding trend in dev tools. Also, considering the future of software engineering, dev tools will have even more adoption than before.

And regarding the pessimistic comments in HN, they are mostly coming from people who lack in-depth knowledge about how businesses work.