This is a concern of mine as well. Alfred is also just so ridiculously lightweight and efficient compared to, well, everything these days. At 18MB on disk and sitting at 0% CPU and 42MB RAM on my machine right now with no spread of support processes, it feels almost like an endangered species Tiger-era Mac app that’s managed to survive to the current day.
As much as I'd like to imagine investors are shoveling money into a pit because they want us to have nice software, the sheer amount of money feels like the only two options are (A) to reach profitability we're raising prices way up to juice the people who have become dependent on Raycast when it was affordable, or (B) blah blah incredible journey, our team is being acquihired for a sort of related project and Raycast will slowly wither and die as we realign priorities with the people who pay us.
I'm sure they'd like to squeeze Alfred and other competitors out of existence while they have the VC runway to underprice their software, but I'm not going to help them do that.