Insight
Lutsky: Many big-tech internal tools cannot succeed as standalone companies
“Some things are features, not, not products or companies. And I think that what we, and also some things I think can only they can't really exist as standalone companies. They only really, they're only really like internal tools that they can't really break ou…”
Opinion
Lutsky: Meta's engineering scale is largely enabled by stacked diffs workflows
“And I think if you look at companies like Meta where, where they managed to scale to, like, tens of thousands of engineers all, all working in the same repo at a time and, you know, merging and deploying constantly, a lot of that, I think, is, is attributable …”
Assertion Not checkable as stated
Lutsky: Graphite reached $1M ARR roughly 12 months after charging
“It was about 12, it was about 12 months from when we started charging in, in the beginning, and we had, I mean, the nice thing was, like, we had the core we had, like, that That core customer, the core base of the users in the closed beta.”
Assertion Not checkable as stated
Lutsky: All of Shopify's engineers rely on Graphite daily
“Having like All of Shopify's engineers, like, relying on, on Graphite Daily is, ah, it's really exciting to see.”
Assertion Not checkable as stated
Lutsky: Graphite doubled revenue in weeks after pricing change to hit $1M ARR
“We made a change in pricing in that, that better aligned with kind of how, how companies wanted to buy graphite pretty much in, you know, in the matter of, in a matter of like a couple of weeks like more than doubled our revenue from that and saw a lot of, you…”
Assertion Not checkable as stated
Lutsky: Graphite had six or seven months of runway before Series A
“And that itself was kind of a year and a half, like journey through the forest of trying different dev tools ideas, like not finding anything that was really working. And I think we had like six or seven months of runway left at the time when we raised the ser…”
Assertion Not checkable as stated
Lutsky: Graphite was pre-revenue with six people at Series A
“We raised, when we raised the A, we were six or seven people on, on the team. So very early on, totally pre-revenue entirely in closed beta with you know, the good, a good group of users, but very far, very much building just an individual product, like Quite …”
Assertion Supported
Lutsky: Shopify, Snowflake, and Figma run code reviews on Graphite
“Today we have companies like Shopify, Snowflake, Figma, many of the largest and fastest moving teams out there that that run their code review process and their outer loop on Graphite.”
Disclosure
Lutsky: Graphite raised a $2.5 million seed round at inception
“We raised our seed round right at the start of the company. So we had we had two and a half million at that point”
Disclosure
Graphite set a 20-30 daily engineer threshold to validate pivoting
“So, so what we said was basically like, let's, let's work entirely on what became graphite for a month. And we said, if by the end of the month we can get to, I think it was 20 or 30 engineers that, at companies that we know, I don't know, like name, like know…”
Assertion Not checkable as stated
Graphite reached 50 daily engineers in month one and 100 in month two
“And I think we ended that month with 50 that grew to a hundred in, in the next month.”
Disclosure
Graphite charges up to $29 per seat for its code review platform
“Today, the pricing is if you're under if you're 10 or fewer engineers per month, We're a ton of your engineers on your team. It's free. After that, if you're over that amount, it's either 29 or 25 dollars per per seat per month for the core code review platfor…”
Assertion Not checkable as stated
Lutsky: Graphite's largest customer contracts are seven figures
“Our largest contracts are seven figures.”
Disclosure
Lutsky: Graphite had all of its money in SVB when it collapsed
“We had all of our money in Silicon Valley Bank when that when that collapsed”
