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by loeber
898 days ago
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I don't get it. According to the blogpost, 450,000 organizations use Airplane, and over 50% of Fortune 500s are paying customers? Okay, that suggests a viable business. And then they're shutting down? Normally you'd expect to see some layoffs and a paring down to profitability: it is SAAS, after all, so you'd expect high gross margins that could be operated by a skeleton crew if necessary. I'm wondering what happened here -- was Airplane gross-margins negative? Was there some fundamental issue that was unsurmountable? In my mind, it's just kind of strange for a popular and widely used, evidently saleable product to wind up burning through all their runway and then ending in what looks like an acquihire. Odd. |
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That’s Airtable (the acquirer) not Airplane. I’d be astonished if Airplane had anywhere near that much traction.