The bad news is that the renewal rate was not high enough for us to have sufficient budget for full-time employees. After carefully considering a few different options, we are making the difficult decision to no longer employ any salaried employees, including founders. Dalton and Bryan will continue to be responsible for the operation of App.net, but no longer as employees. Additionally, as part of our efforts to ensure App.net is generating positive cash flow, we are winding down the Developer Incentive Program.
Today we are launching a new open source page at opensource.app.net. The first new piece of software we are open sourcing is our microblogging web application, Alpha. The source code to Alpha is available here.
They’re putting on a good face, but it sure sounds like it’s over. It now has no full-time staff, very little money, and even less motivation for developers to write apps for it — and that’s just after the first major renewal period.
I found myself in the same exact position with Canvas/DrawQuest earlier this year. Everyone (including myself) was laid off a few months ago, but we'd hoped to keep the app running with the remaining revenue/cash-on-hand and volunteered time (cut short by a recent hack).
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