It’s kind of depressing. Take a look at this page. Nodejitsu, which was one of the first Node PaaS solutions, says it joins GoDaddy which is just an hiring of the team. They refer to Modulus which you think is another PaaS, but it’s not. It’s a very poorly-done website for what looks like some consulting company in the trading space or like some scam a 14-year old kid put together to get money for video games. The link to the blog post announcing Nodejitsu closure is 404 Not Found.
Every market goes through cycles. First there’s an expansion with various offerings and then there’s a retraction with just a few major players dominating. It’s a winner takes all economy. Amazon, Google, Microsoft and IBM are serving major cloud services now. Startups are hard and most of them don’t know how execute. VCs are pushing for startups to spend more to acquire marketshare. The big companies have more leverage and more room for mistakes. They can just buy the best startup in the end.
Is it still worth trying to start your tech startup in 2018? Probably not unless it’s something completely new. You can’t drive forward while looking in a rear view mirror.