![]() ![]() Libin said the most important change he made right away was getting rid of planning meetings that required everyone, regardless of time zone, to join live. When we first went fully distributed, I was worried about whether or not we would be productive." ![]() ![]() "I made so many decisions going on random coffee walks. At Evernote, which he founded in 2004, video meetings were banned. It's not how Libin ever imagined building a company. More than half have been added in the past year, fueled by a $31 million financing round that Mmhmm raised in October. Other tech companies like business software vendors GitLab and HashiCorp have long operated with distributed workforces.Īll Turtles and Mmhmm combined have about 70 employees, a tiny fraction of those more established companies. Coinbase, the cryptocurrency exchange that could be worth $100 billion when it goes public in the coming weeks, has "Address Not Applicable" on the front page of its prospectus in lieu of a headquarters address. Twitter, Square and Atlassian told their employees they can work from wherever they want forever. That all took place while companies closed their offices and some went permanently remote. Tech stocks traded at all-time highs as recently as last month, and 2020 was a boom year for IPOs, even as unemployment skyrocketed. Libin works in an industry that smoothly adapted to the coronavirus pandemic. The home he's renting in Arkansas would cost one-tenth as much to buy as a comparable place in the Bay Area, he said. In addition to killing the commute, Libin said shutting offices lets him hire talent worldwide, and allows employees to buy a house in a market where prices aren't as crazy as they are in New York or San Francisco. "Imagine if that's the way it always was." "Nobody in the company is wasting two hours a day sitting in traffic," said Libin, who's the CEO of both companies. Working in that fashion, Libin's team launched a new video product called Mmhmm in May and a few months later spun it out into a separate company. All Turtles closed its three physical locations - in San Francisco, Tokyo and Paris - and now has a fully-distributed workforce across the globe. He's not sure where he's going next or when, but he's decided one thing for sure: It won't involve returning to an office. ![]()
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