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by busterarm
978 days ago
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Way back in 2014 or whatever it was I was really questioning the decision Fog Creek made to spin out Trello and Stack Overflow. It seemed to only benefit investors and I wondered how the companies could diversify their income streams with such fixed-niche products. At the time having such an opinion was very opposite of mainstream. Even though Trello was acquired, I feel like Fog Creek the company and all of its products have suffered the worst fates possible from this decision. For years the place seemed like an idea factory where people made great products and now it's basically irrelevant. |
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I was at Fog Creek (FC) while some of these decisions were made. There are a few missing pieces here that may help it make more sense.
The model was for FC to act as an incubator and fund other projects on the backs of FogBugz and Kiln. I'm more familiar with Trello, but with SO I'm sure the idea was the same: when you take VC, you are committing to a very specific model: burn cash on getting as large as possible.
The goal with Fog Creek was to _not do that_. So, rather than having FC take funding, Trello was spun out and raised as it's own entity.
FC employees received equity (in lieu of profit sharing) in these products.
The last product to come out of FC was the result of a few competing teams working on different projects. Glitch (nee Hyperdev) was.. not a great idea, with not a great team on it.
A leadership change shortly after the focus on Glitch led to (more-or-less) the complete collapse and acquihire of it by Fastly.
> Even though Trello was acquired, I feel like Fog Creek the company and all of its products have suffered the worst fates possible from this decision.
I guess it depends on your measure. FC employees made money. I regret what FC was turned into at the end.