AboutUs kept going ahead Ray King was a smart entrepreneur even at the height of economic crises AboutUs secured a 2.5 Million USD Funding, and recently went ahead and bought another startup Jyte in January.
How ever it seems all is not well,Â they recently closed their Lahore office, here is the post from Rayâ€™s own blog to confirm it. What could have gone wrong?
Let me be very clear here I donâ€™t believe that closing of Lahore office had any thing to do with revenues or cost cutting, because just a couple of months back they acquired a company if it was for getting money for that, the closure would have come before the acquisition, and nothing suggests that their revenues have dwindled, for me the problem lies some where else.
I have been aware of AboutUs Lahore setup from start till very recently, AboutUs started with a lot of passion in Lahore I remember their first employees were paid huge premiums about 20~30k above market price for fresh grads which created a lot stir in the local IT startups, It was a dream company with high wages beautiful office location and brand new power full PCs, it was a startup environment with lots of money. Engineers got to work on their own projects which were both complex and cutting edge, and content writers were paid heavily for doing what they loved to do.
How ever until recently all was well, then there was a change, the management which setup the office here went away, as far as I know AboutUS tried to remotely manage the Lahore office and the people in middle management tried to grab the vacant top position and unfortunately some times it happens to us as a nation to get to the top the easiest way we know is to trample some one else. I am not sure and canâ€™t confirm that this is the only reason but I am sure that some one sitting miles away if feels rift with in the team it does not bode well. Also if it means that their concentration is divided into solving internal office issues instead of growing the business they might do what Ray has done, it is unfortunate for us though.
Disclaimer : The speculations in this posts are based on first person info got from several people attached with aboutus.