Webjunto to shut down, split into two new businesses - Technical.ly Philly

Business

Feb. 28, 2018 12:59 pm

Webjunto to shut down, split into two new businesses

The company will close at the end of March, with cofounders Liz Brown and Jedidiah Weller setting up two new companies. No layoffs were associated with the move, Brown told Technical.ly.
Part of the Webjunto team at last year’s Philly Tech Week.

Part of the Webjunto team at last year's Philly Tech Week.

(Courtesy photo)

Webjunto, the ubiquitous NoLibs web dev shop celebrated for its diverse team, is closing its doors at the end of March.

The tale of the bootstrapped company’s shutdown is a bit different than your traditional startup postmortems. Per Webjunto founders Liz Brown and Jedidiah Weller, the company’s shutdown will pave the way for two new ventures led by each of them, ones that are in accordance with their individual interests.

“As we move forward with our new ventures we will both continue to serve global startup and entrepreneurial communities with more focused approaches that fit our personal goals as individuals,” Brown said in a press release published Wednesday.

The move, the cofounder said, did not represent any layoffs for the team of 20 employees. In fact, it’s a payday: as the company shutters, it will distribute its value among its shareholders, including employees, who were given stock options as part of their compensation packages.

“It’s just the perfect time to move on and focus on the stuff we personally were working on the side,” said Weller, who started the bootstrapped company alongside Brown in 2014.

There was no specific triggering event for the move, the founders said. Members of the core founding team were planning on relocating, for personal reasons, throughout the year. Though the idea of keeping the staffers remotely was floated, it wasn’t an option that fit the company’s culture, Brown said.

“It made us accelerate the conversations we were having,” Weller said. “We talked about every different way that we could continue, but none of them put anyone else in a good situation.”

Today, the company’s staff of 20 — 16 in Philly, four others working remotely — will meet to discuss the path ahead. Weller, a Drexel grad, plans to use his engineering background to continue working on digital products. Brown, a frequent public speaker and Philly Startup Leaders’ board member, will follow through on her user experience knowledge to explore a venture in that field. Together, they’ll continue to organize the Philadelphia Junto Meetup.

Advertisement

Neither new venture has a name yet, but the founders said they expect to retain a good portion of the staff between the two companies.

“It’s very possible that our two agencies will collaborate,” Weller said. “Right now, we’re just taking it one step at a time.”

You must appreciate accurate, relevant and productive community journalism.  Support this sort of work from professional reporters with seasoned editors.  Become a Technical.ly member for $12 per month
Companies: Webjunto
-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Tech startups: Launch Lane accelerator is now accepting apps for its inaugural cohort

Why this ‘Shark Tank’ alum brought his second startup to Philly [Entrance Exam]

Here’s how 11 startups grew during the second LIFT Labs Accelerator

SPONSORED

Philly

How Relay is helping enterprise clients get proactive about customer engagement

Philadelphia, PA

Vistar Media

QA Engineer

Apply Now

Philadelphia, PA

PromptWorks

Senior Software Engineer

Apply Now

Philadelphia

Inspire

Manager, People Operations

Apply Now

HR tech entrepreneur Bruce Marable just launched his new data-focused venture

CIC will host 36 startups in need of ‘space, support and opportunity’ — for free

Philadelphia: Here are your nominees for the 2019 Technical.ly Awards

SPONSORED

Philly

These hiring companies want to meet you at NET/WORK Suburbs

Philadelphia

Linode

Junior Systems Software Engineer

Apply Now

Philadelphia

Linode

Data Center Operations Engineer

Apply Now

Philadelphia

Linode

Systems Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!