Unqork has raised over $440 million in funding, and once had a valuation of $2 billion and a headcount approaching 700 - and now it is closer to two hundred employees in size. I am amazed that investors like Goldman, BlackRock and CapitalG took the bait. Simply put, the No-Code space has evolved exponentially faster than Unqork has, and there are new, better, and more exciting players that are a whole heck of a lot easier to use. The Unqork platform is limited, clunky, bloated, and has an albatross of a backend. Anyone who understands enterprise business needs, and the SaaS space, can see the writing on the wall. The time is limited for Unqork. They have a few big clients and a few investors keeping them afloat, but they are all starting to wise up. Unqork's social engagement is near zero, and there are no trends on Google, or evangelists on YouTube. They kept a walled garden up far too long, and all the SMEs have wisely hitched their wagons to other platforms - platforms with smarter leadership and more innovative tech. Even with massive investments, huge financial partners, and the big-name clients - Unqork was dead last in the Forrester Wave for low-code Development Platforms. When all is said and done, Unqork will be nothing more than a write down line item on hedge funds' quarterlies. Write a letter to your loved ones, put the qork back in the bottle, and toss it overboard into the abyss... because this ship has sunk. #Unqork #NoCode #LowCode #Tech #SaaS #Startups
As someone who is vested there, it's terrible to read this, but no-one can deny the above statements anymore.
C Suite made its money in 2020. A QA is the VP of Engineering. Sales guy is CPO. It's so unfortunate that we all saw this happening and yet hoped it would fly.
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