alt Hacker NewsIt's a shame what happened to Postman. It started as an excellent little developer tool for testing APIs. Then for some reason they raised over $400M in funding and hired 1,500+ employees, for what should have been a tiny OSS/passion project like curl or little snitch. Instead they now have to justify their valuation by forcing logins, collecting data, monthly subscriptions, AI features, etc.
I still don't know how they're valued at $5B+ when I don't know a single developer who actually uses it anymore
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> I still don't know how they're valued at $5B+ when I don't know a single developer who actually uses it anymore
B2B maybe? Usually these businesses thrive solely on flirting with the CTO and getting them to sign a lucrative contract and then mandate internal usage. I'm speaking from experience.
I cannot imagine 1500+ employees "working" on this. Wtf, it's a single person project.
>It's a shame what happened to Postman. It started as an excellent little developer tool for testing APIs. Then for some reason they raised over $400M in funding and hired 1,500+ employees, for what should have been a tiny OSS/passion project like curl or little snitch. Instead they now have to justify their valuation by forcing logins, collecting data, monthly subscriptions, AI features, etc.
The good thing is that now takes about 2 days to replicate with an agent the parts that matter from their whole offering and tell them to go f themselves.
Someone should vibe-code a VC death clock for developer tools. Enter a company, and it will deduce from its last funding round and headcount the moment it all goes to shit.
In an utlimate twist of irony such a tool could itself pivot to investors because the moment it gets really bad is also the moment to invest in the competition.
I'm not saying that's my strategy with Bugsink, but I'm not saying it isn't either.
> Instead they now have to justify their valuation by forcing logins, collecting data, monthly subscriptions, AI features, etc.
All those people who gave them millions in funding are expecting to make a return on that investment and that means prioritizing turning it into something that will make money by selling out users. The valuation is just a guess at how successful it will be at screwing users over. Greed ruins everything.
I logged in to postman today after 3 years to use some public API, and god, it was so damn unusable. It took me navigating through "workspace", "environments", etc etc before I could hit the simplest of http endpoints.
I used to use Postman daily almost ten years ago. Then as my last hurrah before retirement, I took an embedded job that didn't involve me beating on a web API, so I didn't use Postman anymore.
So imagine that I hear about this "Postman" product that involves subscriptions, and AI, and "valued at $X billion" and all this crap, and you can see how I seriously thought that there was another product called "Postman" that wasn't the product I used to use. Turns out...
Yeah, they managed to land on the IT blacklist for several of our customers.
Nowadays Portman is forbidden for project delivery, unless the customer development team also uses it.
>>>I still don't know how they're valued at $5B+ when I don't know a single developer who actually uses it anymore.
Just out of curiosity, what are developers using these days?
For some reason, it is very popular in my country (Costa Rica). Every freelancer I’ve worked with only knows about postman It’s like it was very popular back in the day and people never got the memo there’s better options out there
wrote about this phenomenon: https://nonograph.com/write-some-software-give-it-away-for-f...
They were valued at $5.6bn in 2021, in the ZIRP boom, and havent raised since. Unlikely they can raise at anything like that now.
A surprising number of developers I work with don't actually know how to use curl. Postman is ubiquitous among that crowd.
> I don't know a single developer who actually uses it anymore
I have no need for it, but there's one company I work with and all of their developers still use it. What do you do/recommend instead?
It seems like cursed(blessed) niche? In search of alternatives couple of years ago, I'm stumbled upon Mockoon which looked really like a single person project. Now, judging by their webpage, I see they are going the same way
Postman valued at 5 billon? WTF? I mean the IT industry lives in a fart cloud honestly. I really really think everything is just a little bit overvalued, isn't it?
People should be using curl + bash. It's a universal combination available almost everywhere.
> Then for some reason they raised over $400M in funding and hired 1,500+ employees
Wtf!! how
Yeah. Curl the little side project:
1500+ ppl? :-O
Yes a prime example of enshittification. You attract attention making something humble in scope but good.. but then it is compelled to become something much more. Same story with Coursera imo
Everything will be enshittified, it’s not a question of if but when. The incentives are simple, the stock ticker must go up.
EDIT: sorry, I was cranky. I just really don't like Postman/its UI/BS. To each his/her own.
> I still don't know how they're valued at $5B+ when I don't know a single developer who actually uses it anymore
I think most people here on HN is within or close by the "Innovators" part of the "Technology adoption life cycle" (https://en.wikipedia.org/wiki/Technology_adoption_life_cycle). When Postman hit mainstream, it was already bloated and ruined, and "Innovators" had already moved on to something else, but for Postman that's just the beginning, as they're in the "Early Majority" part, and still have a tail to ride, so investors and everyone else can extract all the value from the remaining s̶u̶c̶k̶e̶r̶s̶ users.
This is why the right to fork exists in open source licenses. It’s easier than ever now, too, thanks to LLMs. You might even be able to oneshot forking and removing the malware and rebranding and rebuilding f/oss crapware these days.
I’ve been considering setting up a nonprofit solely to do this and to republish things like Mattermost, Stats, Bitwarden, etc with the corporate antifeatures ripped out.
> Then for some reason they raised over $400M in funding and hired 1,500+ employees
... what the fuck. Certainly explains things
> I still don't know how they're valued at $5B+ when I don't know a single developer who actually uses it anymore
Yep, one of them. I loved Postman but gone back to plain cURL and the dogshit that is IntelliJ's built-in HTTP request tool.
As for the question... easy. Markets can stay irrational for a very long time...
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I feel the same way about docker. This things just running containers and yet its a billion dollar company.
> for some reason they raised over $400M in funding and hired 1,500+ employees
You know the reason. A bunch of people were able to take home a lot of money because of that growth and now have the option to FIRE themselves whenever they want to shake off the stress.
That's the founder mentality that Y Combinator exists to leverage or encourage and it's ubiquity is what separates the prevailing 21st century technology movement from the nerdy, academic, UNIX-y movement that gave us GNU, linux, curl, ffmpeg, redis, etc
We got to watch innovative products get pumped full of helium until they explode with bloat and rent-seeking instead of accumulating a growing foundation of sturdy technical building blocks as we could have had on the other path.
AI now leads us into some new movement, the worst version of which a few model vendors protected by regulations absorb almost all technical accomplishment and lease it back out to everybody else, and the best version of which democratizes technical construction so widely that individuals can naively spin up effective solutions for the most idiosyncratic needs.
We'll see how it goes.