It is with great sadness that I have to inform you that Kloudsec is shutting down.
Why is Kloudsec shutting down?
1. We have been funding Kloudsec out of our own pocket
2. Kloudsec is very expensive to maintain (upwards to $10000 / month)
3. We are unable to make money from Kloudsec, nor raise any funds for it
We will shut Kloudsec down on 1st August
From now till then, we will not be maintaining the service.
Migrating out of Kloudsec
Migrating out of Kloudsec is extremely simple. All you have to do is to point your domain back at its origin server.
You will lose the HTTPS cert. But you can fix that by
* either issuing your own LetsEncrypt certificate
* or using Cloudflare.
From the start, we are extremely lucky to have a small revenue stream that let us to experiment with cool products. And Kloudsec is one of our biggest experiment.
There are a couple of things we did right, and a couple we did wrong.
We did right by having the right team come together, building a seriously sophiscated product. (Thank you Ivan and Bach)
We did wrong by building a sophiscated product that made it hard for a small team to maintain, let alone scale.
We did wrong by building a product that was not immediately useful enough so much so that people will pay for.
We did wrong by building a product that was too expensive to maintain.
We did wrong by assuming that traction solves all ailments. Not in Singapore, you don’t. There is no good venture money for real hard-tech software startups in Singapore.
We did right with pulling the plug so we can learn from these mistakes and work on the next product.
What’s next for us
From Kloudsec, we identified a few niche problems that we will be looking to solve. In other words, we will continually be building.
And you can be sure from our next product onwards, we will charge right from day 1 so we can sustain the product financially.
Lastly, thank you!
Thank you. Most of you have spoken to me, or read the posts I’ve written on Github, on Hacker News, or Producthunt about Kloudsec. You guys took a leap of faith in trusting this small unknown team and product, and used us.
I’m sorry to disappoint you with this piece of news, but I’ll try better next time.