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Weaveworks is shutting down

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Re: Weaveworks is shutting down

#261

Post by bboreham »

withinboredom wrote: post #228
sleepybrett wrote: post #124

Earlier quoted context omitted.

People like the weave network policy controller too.. at least in the earlier days of kubernetes, their cni was pretty popular for awhile.

I think people got turned off from them when it came to light they had invented their own cryptography without doing any vetting that it was actually secure. At least, that’s why we moved away from it as quickly as possible with our reasoning being: “if someone is foolish enough to roll their own crypto, what else are they doing foolishly?”

Despite having been the main maintainer of Weave Net for ~4 years, I have no idea what you are talking about. Weave Net used Google's NaCL library from day 1; later adding optional AES using the in-kernel implementation.

https://github.com/weaveworks/weave/blob/master/site/concept...

Re: Weaveworks is shutting down

#262

Post by withinboredom »

bboreham wrote: post #261
withinboredom wrote: post #228

Earlier quoted context omitted.

I think people got turned off from them when it came to light they had invented their own cryptography without doing any vetting that it was actually secure. At least, that’s why we moved away from it as quickly as possible with our reasoning being: “if someone is foolish enough to roll their own crypto, what else are they doing foolishly?”

Despite having been the main maintainer of Weave Net for ~4 years, I have no idea what you are talking about. Weave Net used Google's NaCL library from day 1; later adding optional AES using the in-kernel implementation. https://github.com/weaveworks/weave/blob/master/site/concept...

The key exchange was/is totally custom without using anything standard, though it uses standard concepts (DH, though it does some non-standard things with it), which *might* be secure, but as far as I know, never actually put to the test.

Re: Weaveworks is shutting down

#263

Post by michaelcampbell »

KaiserPro wrote: post #103
propter_hoc wrote: post #83

I know this isn't the craziest startup shutdown story, but wow. At $10MM of revenue they can afford to keep a staff of 50 at a fully loaded cost per employee of $200,000. Yet, according to Linkedin they peaked at nearly 200 employees. On top of this, they appear to have raised $36 million three years ago - https://www.weave.works/press/releases/weaveworks-raises-36-... In other words they somehow were running at a lo…

> According to the CEO's linkedin post, they were basically trying to keep up appearances of being a 200 person company until some greater fool bought them out, which appears to have failed. Because that is what startups do. 80% of startups that are "successful" follow this pattern You shoot for the moon, if you don't take massive risks, then you won't be rewarded. It sounded like they were about to be bought out or…

> 80% of startups that are "successful" follow this pattern

What % of startups that follow this pattern are successful, though, I wonder?

Re: Weaveworks is shutting down

#264

Post by michaelcampbell »

fngjdflmdflg wrote: post #71
ralph84 wrote: post #64

Earlier quoted context omitted.

Atlassian’s market cap is $55 billion. GitLab’s market cap is $11 billion. GitHub sold for $7.5 billion in 2018. There’s money, you just have to be more than a point solution.

Wow, didn't know that about Gitlab. Here's a source[0] for that claim in case anyone else wanted to know. Seems a bit high imo but what do I know? [0] https://www.nasdaq.com/market-activity/stocks/gtlb More info here: https://about.gitlab.com/press/releases/2021-10-13-gitlab-an... https://handbook.gitlab.com/handbook/being-a-public-company/

I find my sibling comments amusing as a pair. https://i.imgur.com/rUOrKGn.png

Re: Weaveworks is shutting down

#265

Post by berniedurfee »

ssharp wrote: post #119
KaiserPro wrote: post #103

Earlier quoted context omitted.

> According to the CEO's linkedin post, they were basically trying to keep up appearances of being a 200 person company until some greater fool bought them out, which appears to have failed. Because that is what startups do. 80% of startups that are "successful" follow this pattern You shoot for the moon, if you don't take massive risks, then you won't be rewarded. It sounded like they were about to be bought out or…

"Shoot for the moon" seems like a reasonable strategy when you're making the investment. However, certainly at some point while they were burning through that $36 million it became evident that "moon" was no longer a viable destination. Why wouldn't everyone be aligned with making the adjustments needed to get back to default alive? Something is clearly better than nothing. Now if it got to the stage where the CEO no…

You’re being way too reasonable! A stable, self-sustaining business is for mom and pop corner pizza shops.

Tech companies want to disrupt and destroy everything in their market segment or die trying.

I wish there were more companies that would focus on stability, sustainability and longevity. But in my experience lack of rapid growth is a mark of failure for most companies.

Re: Weaveworks is shutting down

#266

Post by mofirouz »

slgeorge wrote: post #80

The shutdown means great people with Cloud Native skills are available now. People across all teams: marketing, product, engineering, dev-rel, consulting / CRE, customer success and business operations Across the States, UK/Europe and Egypt. If you can help these fantastic people find new roles - please get in touch!

I'm very interested to get connected to the DevRel and marketing folks. I'm one of the founders of Heroic Labs - we build OSS game server (Nakama). My email is mo at heroiclabs dot com - please ping me!
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