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Famo.us pivots, fires 20 employees

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Re: Famo.us pivots, fires 20 employees

#51
post #3

> What makes our product offering unique is that our apps can be built without coding Oooh... that's going to be a tough argument to sell to people.

This is the tech Holy Grail. Get rid of that expensive development team and let marketing "do something up".

Just ... not ... gonna ... happen (for any reasonable definition of "app").

Re: Famo.us pivots, fires 20 employees

#53

I am quite baffled by all this. I heard of Famo.us, but didn't give it more than 1 thought. I thought it was just another framework, I would have never thought that they had employees, let alone that many and raising that much money. I watched the video in the article, and I can't believe that people are throwing money at someone with a pitch like that. I feel like everything about Famo.us is all the wrong things tha…

When it was first announced there was huge hype here on HN. I myself signed up. We were all really hoping that somebody had finally solved the cross-platform development pain. I was excited to see what the platform was going to do because at my company we really do feel the pain of developing for multiple platforms. So the investment isn't a surprise to me considering a CEO with a previous exit success and all the hype.

When they launched, though, it was just lackluster and had some major rendering bugs. It felt like the air got let out of the tires and everybody just moved on. So looking at it now, it's definitely difficult to see what all the hype was about.

Re: Famo.us pivots, fires 20 employees

#55
post #46

Earlier quoted context omitted.

> Perhaps more importantly, Apple and Google aren't particularly interested in cross-platform technology either. Ah, the problem with generalizations about large companies. http://flutter.io/ , by Google.

The fact that flutter exists doesn't really change my view that I don't believe that Google is pushing it. Flutter to me seems much more of a "Hey, let's get some brilliant people at Google on a fun, hard project" than something Google sees as the future. I agree, though, that Google has somewhat more of an incentive to build stuff cross platform than Apple does. Google wants you to access their services from any dev…

Flutter is in line with Google's business objectives. The more people transition to mobile apps, the more mobile searches people will make (as opposed to in-app searches.)

They don't care if you are on Android or on mobile web, so cannibalization here isn't an issue; both lead to Google searches.

Re: Famo.us pivots, fires 20 employees

#56

How did they get a hold of famous.org? Should startups be spending money on domains like that?

In this case, yes, they should. Assume they spent 15.5 million on their javascript framework and 15.5 million on the famous.org domain.

The domain has a value of ~$25,000 (-99.8% return on investment).

The javascript framework has a value of $0 (-100% return on investment).

Re: Famo.us pivots, fires 20 employees

#57
post #16

Famo.us’ 15 minutes of open source fame have come to an end. JavaScript rendering engine Famo.us has pivoted away from its hardcore open sourced engineering platform which had raised over $31 million. It’s now refocused on commercializing the idea of powerful mobile web apps with a content management system for branded marketing apps. Yikes. If ever I wanted a paragraph printed on a poster to scare me into working ha…

Maybe their next pivot will be to print-on-demand motivational posters.

Heh, that reminds me of a few years back, when I was at Lockheed I printed several demotivatioal posters and quietly placed them up around the office.

I got reprimanded by HR after they found this poster I put up in one of the interview rooms: http://i.imgur.com/dzk0YcA.jpg

HR was interviewing someone who was seeking H1-B and noticed this poster hanging on the wall during the interview...

Re: Famo.us pivots, fires 20 employees

#59
post #54

I will never understand how startups like this get money with such incompetent leadership. Look at how this Famo.us office tour showcases the waste: https://www.youtube.com/watch?v=imc1p_laIt4

TechCrunch Cribs... didn't know that was a thing. Glamorizing startup offices gives me a very 1999, bubble-y feeling.

Re: Famo.us pivots, fires 20 employees

#60
post #54

I will never understand how startups like this get money with such incompetent leadership. Look at how this Famo.us office tour showcases the waste: https://www.youtube.com/watch?v=imc1p_laIt4

That is amazing. They have so much extra space, so much money, that they let startups live with them - in one of the most expensive real estate markets in the US. Basically they were funding a dozen or so startups with power pipe and food. I wonder if they got any equity out of that?
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