Investment Memo from Prefab
Prefab Cloud Investment Memo
Prefab means “already built” and that's what we do. We find the core services that super-charge the best engineering teams and make them usable at any org. These are services like dynamic configuration, feature flags, authorization, entitlement & product configuration. Top tier engineering organizations invest heavily in these capabilities and have great solutions, but today they are unobtainable or prohibitively expensive to be ubiquitous.
At Prefab we harvest these end-state solutions and provide them as a service so that every engineer can spend their time on work specific to their business.
AWS turned cloud computing from a huge challenge into a solved problem and our mission is to do this for the next layer of services on top of that infrastructure. More than 10% of total engineering effort goes towards core, non-business specific technology. If it’s not specific to your business then you should use something great that’s already built and that’s what we provide.
To invest in Prefab, first you need to believe that this pain is real. Many of you have experienced this directly, frustrated that engineering seems stuck putting effort into something you’ve seen solved someplace else.
If you’ve been an engineer exposed to great tools at top tier orgs, the come-down of working in the real world is brutal. Your tools to quickly operate and tweak your systems while they are running are gone. There is no happy, opinionated path through micro-services. It’s 2023 and these should be solved problems, but most organizations are still running on duct taped DIY systems.