Brendan Falk, co-founder and CEO of Fig, discusses the user adoption and MAU metrics of the developer terminal tool with Nathan Latka.
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“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.”
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More from Brendan Falk
AssertionNot checkable as stated
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.”
Brendan FalkMar 1, 2022▶ 13:59DevOps Tool Fig Raised $2.2m in 2020, Now Approaching 100k MAU's, Whats Next?
Insight
Falk: Top VCs like Sequoia and a16z always take 20% equity
“If we go with a big VC, like a Sequoia, an Andreessen, I say goes, if we're fortunate enough to go with one of them, they, they're always taking 20%. Like that's the way they work. So they'll increase the valuation, but they will, no matter what, take 20%.”
Brendan FalkMar 1, 2022▶ 17:23DevOps Tool Fig Raised $2.2m in 2020, Now Approaching 100k MAU's, Whats Next?
Opinion
Falk: GitHub stars are a vanity metric like Facebook likes
“GitHub stars is, it's sort of like a like on Facebook. It's a bit of a vanity metric to be honest”
Brendan FalkMar 1, 2022▶ 1:54DevOps Tool Fig Raised $2.2m in 2020, Now Approaching 100k MAU's, Whats Next?
Insight
Falk: Developer tool startups make most revenue from enterprise deals, not individuals
“I think a lot of developer, developer tools companies that have done really well have realized that most of their money comes from massive enterprise deals. It's not from, you know, making five dollars here or there from the individual user.”
Brendan FalkMar 1, 2022▶ 3:43DevOps Tool Fig Raised $2.2m in 2020, Now Approaching 100k MAU's, Whats Next?
Disclosure
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…”
Brendan FalkMar 1, 2022▶ 4:42DevOps Tool Fig Raised $2.2m in 2020, Now Approaching 100k MAU's, Whats Next?
Insight
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.”
Brendan FalkMar 1, 2022▶ 7:24DevOps Tool Fig Raised $2.2m in 2020, Now Approaching 100k MAU's, Whats Next?
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