Disclosure: I used to work on Google Cloud.
I see a lot of similarities between Kafka and Confluent. You're looking to spin out a tool that worked well for you, and offer it commercially.
I'd suggest planning more around operating TiloDB as a managed service. You happen to just need lambda, s3, and dynamo today, but the "capturable" value for many customers will be if you also manage it all for them (especially upgrades). You can still offer the open core and let folks run their own, but it sounds like a lot of the goodness comes from the way you run it.
Having said that, licensing is currently fraught in this space. Each major "database" vendor (Elastic, Redis Labs, Confluent) is basically trying to find a way to figure out how to avoid AWS (and other clouds) from just taking their code and operating it as a service.
People have very strong opinions on this topic, ranging from "open-source isn't a business plan" to "AWS is violating the spirit of the OSS community" and many more. My personal advice would be to assess more clearly why you want to be open source (you mentioned community and applications you couldn't imagine) and whether you think open source better achieves those goals than say a free tier or distributing a core binary / container image for free.
What, more specifically, do you want to get out of being open source? Contributions to the core? Contributions to the operational part? More users and feedback?