You are spot on. Before the Timescale License, we were left with a tough decision: do we open-source a feature so that everyone can have it for free OR do we close a feature so that the mega-clouds don't have access to it?
We didn't like either of those options, which is why we created the Timescale License, which allows us to offer capabilities for free (and make the source code available) to everyone except the cloud providers (ie free for 99.9999% of all users).
We find that this has resulted in a mutually beneficial outcome for ourselves and our users.
"I think we're too hung up on OSI open source licenses. The additional restriction in the timescaledb license
that you can't run a paid database as a service offering affects hardly anyone negatively (AWS).
It affects us all positively by providing a sustainable business model to support additional development
and support of an open-source product we use. Win-win if ever there was one. I'd like to see more open-source
and closed-source companies consider this model."
^ Really well put.