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.
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.