AWS imposed a two-year non-compete clause during its Fig acquisition
“When we got acquired by AWS, we actually had a non-compete for our product for two years. And so I've got 12 days until that non-compete expires.”
Firshman: Building Fig and Docker Compose in Python was a mistake
“We used Python, which was a big mistake, where Python's really hard to get booting up fast, because you have to load up the whole Python runtime before it can run anything.”
Masad: YC startup Fig built its initial product entirely on Replit
“FIG is this command line autocomplete tool that this YC startup, I think it was like YC-twenty or something like that, or YC-twenty-one. And it's used by tens of thousands of engineers And then the original product was entirely built on, on Replit.”
Fig ranked top three in Q3 on the Ross Index
“And in Q three last year, I think we were number two or number three. And then Q four last year, we were like In the top 10, I think maybe 10th.”
Fig has accumulated 160 to 170 open-source contributors
“Over the course of our company, we've had, yeah, a 160, a 170 contributors.”
Fig CEO pledges open-source contributions will remain free forever
“So we aren't selling that exact code. We like our model is some of our stuff is open source, meaning all of that code is public and anyone can contribute. Some of our code is closed. The stuff that we're going to sell is the closed stuff. And so any of the ope…”
Falk: Open-source projects require upfront decision rules to prevent chaos
“I think the most important thing is for you to say upfront, Here is, you know, who makes the final decision at the end of the day. Here are the rules. Cause we don't say that it just turns into chaos.”
Falk: Fig's entire team consists exclusively of engineers
“We're all engineers. We're a developer tool. So we have to be coding every day. And I think it will be like that for a while.”
Falk: Fig reaches tens of thousands of monthly active users
“We're in the tens of thousands, like our monthly active users are in the tens of thousands at this point, but it's growing super quickly. Like this time last year, we're almost at nothing.”
Falk: Fig is growing its user base 40% to 50% month-over-month
“We're just compounding the number of users by, yeah, 40 to 50% each month.”
Falk: Hacker News drove 2x to 3x more users than Product Hunt
“Fig was at the top of hack and use basically all day. Like it was a really long day for my co-founder and me, but that got us, I would say double if not triple the number of users from hack and use as opposed to product time.”
Falk: Fig retains over 60% to 70% of seed capital
“We have still have more than 60% or 70% of our money in the bank.”
Falk: Fig will raise another funding round in 3-4 months
“I think we will raise in the next like three or four months.”
Fig will remain free for individuals and charge teams over 10 people
“For individuals, figs always going to be free for teams after like 10 plus people, we're going to start charging.”