If the app shuts down, it will be a disappointing outcome for all involved. The app launched to a lot of fanfare in San Francisco in early 2014 and within a few months, the company had raised $35 million. The two founders were allowed to pocket $3 million each while they continued to build the company. The company’s second co-founder, Chrys Bader-Wechseler, left the company in January.
The two founders were allowed to pocket $3 million each.
Surprised … but I guess not really about how quickly this thing’s hype died. Would have thought it would have gotten big with the younger crowd especially. Then again, the only times I heard about it was in relation to Silicon Valley gossip and the tech media/SV folks are good at over-selling stuff. So here we are.
When I used Secret, there was a larger number of posts from the San Francisco area than anywhere else. It’s not like regular people were actually using this thing
“…the founders of Secret, had sold part of their stake in the company for $6 million and that Mr. Byttow later bought a Ferrari. The founders did not initially tell the employees about the sale; instead, some of them found out on Secret.” (emphasis mine)
That was enough red light to know it would be easy to shut down and decide not to pivot"
Dasall actually… @seyitaylor , remember a similar conversation we had months ago about those that are now making 2nd impressions? A “reduction” in founder commitment in any manner always warning sign to investors
I remember being highly engaged for the one day that i tried it on install and then on the reboot. Not too many new posts coming thru, also SF & NY focused.
