Looks like Avi and Andrew have decided that they need an infusion - Om Malik is reporting that they've taken $2M in venture capital:
Dabble DB, a Vancouver-based online database / hosted application creation company has raised around $2 million dollars in Series A venture funding from Ventures West, a Canadian VC fund. Paul Kedrosky, a venture partner with the fund, is leading the investment in the eighteen-month-old company. The company will also come out of “beta” tomorrow.
That's interesting, given what Avi said about venture money last April:
DabbleDB came out of their experience in consulting - the ad-hoc spread of semi-shared data that really should have been fully shared (eg - emailed spreadsheets). Had they tried this a decade ago, they would have gone the whole VC "take the money" route. That's not the way they went - they believe in a "late binding" approach to business planning. Once you take venture money, a lot of options get closed off - you are committing to a specific set of plans. So Avi's take: Taking Venture $$ is a premature optimization
Sounds to me like they are still in late binding mode though - they held off on venture capital until they needed it. I hope they don't run into any of the classic "business optimization" scenarios that can come with funding.
Update: Mike Arrington covers the story
Update2: Tim Bray has some kind words for DabbleDB, Avi, and Andrew.