Tiny Speck

5 statements across 2 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Jul 30, 2018 by Stewart Butterfield · across every show →

Everything said about Tiny Speck, oldest first

Jul 30, 2018
Assertion Not checkable as stated
Butterfield ensured all 37 laid-off Glitch employees secured new jobs
“By the end of that process, we had gotten, you know, every single person who worked there who was getting laid off, and there was like, 37 of them, I believe. Every single one of them got another job, and in most cases, they got a better job than the one that …”
Stewart Butterfield Jul 30, 2018 ▶ 34:37 Slack & Flickr: Stewart Butterfield
Jul 30, 2018 bearish
What-if
Butterfield realized Glitch could never justify its $17.5M venture investment
“It was never going to become the kind of business that would justify 17 and a half million dollars of venture capital investment.”
Stewart Butterfield Jul 30, 2018 ▶ 30:33 Slack & Flickr: Stewart Butterfield
Jul 30, 2018 positive
Assertion Not checkable as stated
Investors treated the Slack pivot like buying another lottery ticket
“None of them wanted their money back, and not for altruistic reasons, but we had already spent two-thirds of it, so their options were, like, we can get back a third of what we gave you, or they can buy one more lottery ticket and say, keep the money we'll kee…”
Stewart Butterfield Jul 30, 2018 ▶ 39:42 Slack & Flickr: Stewart Butterfield
Jul 30, 2018
Assertion Not checkable as stated
Butterfield shut down Glitch with over $5 million still in the bank
“We still had, like, over five million dollars in the bank.”
Stewart Butterfield Jul 30, 2018 ▶ 34:15 Slack & Flickr: Stewart Butterfield
Jan 30, 2020
Assertion Not checkable as stated
Only 8 of 45 Glitch employees stayed to build Slack
“So there's 45 people at the company, and eight of them were going to stay on to work on Slack. So for the other 37 people, we did kind of career coaching. We wrote reference letters. We set up interviews for them. We ended up getting everyone a job”
Stewart Butterfield Jan 30, 2020 ▶ 10:28 Live From The HIBT Summit: Stewart Butterfield
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