Use of funds includes hiring of engineers and marketing to the software development community.
New York City, November 19, 2018 — CodeStream, Inc. announced today that it has raised $3.2M in seed capital to develop and market its toolset for software developers. The investment was led by S28 Capital with participation by PJC. Additional investors include Y Combinator, Steve Sordello, Mark Stein and David Carlick.
Mr. Andrew Miklas co-founded PagerDuty, Inc. in 2009. He joined S28 in December 2017 and serves as a Partner. Mr. Miklas holds a BSE in software engineering from University of Waterloo from 2001-2006, and an MSc, in computer science from University of Toronto in 2006-2008.
Claudio Pinkus: Thanks for taking the time to talk to me today. The first question is what is it that you think makes for successful companies? What are the most important ingredients? Please narrow it down to the essence.
Andrew Miklas: I think the traditional answer – “founders, market, and product” – is pretty close to the right one. More specifically, my partners and I have a theory that for any successful startup, there are probably only seven or so unique factors that drive its success.
Why discussions about your code must live with your code
The established process for software development in a team setting is a variation on this:
Get together in the beginning of the week and lay out the sprint.
Get your work done without becoming an annoyance to your team members.
Get together at the end of the week after you commit your code and hope it’s good enough.
The work gets done. Rinse. Repeat.
So we posit a hypothesis: Developers don’t ask enough questions and don’t communicate nearly enough about code. As a result, they don’t consult early enough with their team members and commit sub-optimal code.
Why You Should Do Something About Tech Debt
Every growing codebase in every industry is accumulating technical debt. The consequences of excessive technical debt are low productivity, high rate of errors, delays in delivering updates, higher costs, overburdened developers and less happy customers.
Since technical debt is inevitable, like death and taxes, the question is how to best manage its accumulation and reduction, and how to keep it at tolerable levels that will not result in bad business outcomes.
We started CodeStream because after years of working on news feeds and chat collaboration solutions, we realized that we were not applying what we knew about real-time collaboration to our own development processes. The team at CodeStream has been together for a couple of decades. We created a social network called Multiply, and a team chat solution called Glip. One day last year, as we were discussing code, it hit us that the available solutions, even our own previous efforts, were just not doing it for development teams. This post is about how to make team chat a lot better for hackers.
David Scott Carlick believes that successful investing hinges on markets and entrepreneurial teams. Products and services that are clever and adaptive yield success in new markets. To deliver these products and services requires vision and collaboration by inspired people.
David is currently an independent director and investor at PayActiv and Music Audience Exchange, and an investor in several private companies and venture funds. He is also an early investor in CodeStream.
Q: You are an investor in CodeStream. Why did you decide it was a good bet?
Periodically, Team CodeStream will look to interview leaders from around the world of software development to share the latest trends and insights from our fast-changing industry. For this first interview, we figured why not start with our own Peter Pezaris, Founder & CEO of CodeStream.
Peter has been building the future of collaboration for 23 years. A pioneer in social networking, news feeds, and real-time messaging, he now leads CodeStream as we embark on radically improving the software development process.