The Night buildspace Closed

On the evening of August 23, 2024, Farza Majeed posted a tweet at 5:11 PM Pacific time that began: "I have some tough news. Today, @_buildspace is closing."² The tweet accumulated 2.4 million views and over 1,000 replies and retweets.⁴ Simultaneously, Majeed published a 2,000-word farewell letter on buildspace.so, opening with a request to play an embedded music track while reading.¹ The letter announced the immediate end of buildspace, a five-year-old builder community and education company valued at $100 million, which had just completed its largest season ever and still had more than two years of cash in the bank.¹

What buildspace was on the day it died

By August 2024, buildspace had run five seasons of its free six-week cohort program, Nights & Weekends, which collectively attracted roughly 150,000 participants.³ Season 5, which had just concluded, drew approximately 70,000 applicants, of whom about 5,000 completed the full program.¹²⁹ More than 3,000 participants across all seasons had shipped real products, and buildspace content had reached over 12 million people on Instagram and Twitter.³ The company operated a physical campus at 2 Marina Blvd, Building B, Suite 200 inside Fort Mason in San Francisco, where it had hosted three-day IRL events and longer 77-day residencies called SF1 and SF2.³

In June 2024, two months before the shutdown, buildspace had launched Sage, a social platform for builders to share and discover work, which ranked #3 Product of the Day on Product Hunt.⁸ The company's sponsorship model with companies like OpenAI was generating $1.5 million in annual revenue by 2022, and Majeed estimated that continuing sponsorships alone could produce $3-5 million in annual recurring revenue.¹³ The $10 million Series A led by Andreessen Horowitz in November 2022, at a $100 million valuation, had left the company with over two years of runway.⁷¹

Cam Houser, who reviews builder programs professionally, had written that buildspace delivered "a more modern, engaging, and relevant education in entrepreneurship and marketing than 99% of what I've seen on the internet."⁶

A year of silence before the announcement

The farewell letter revealed a timeline that few outside the company knew.¹ Majeed wrote that he first began losing the creative drive in September 2023, shortly after Season 4 ended with 18,000 participants.¹ "I'll get over this!" he recalled telling himself at the time, comparing the feeling to a depressive episode he had experienced in 2020 while running ZipSchool, the children's-education company that preceded buildspace.¹ That earlier crisis had resolved when Majeed discovered a new direction — the idea that became buildspace itself — so he assumed the same pattern would repeat.¹

For the next twelve months, Majeed pushed forward.¹ During that year the team launched Sage to 100,000 users, ran the largest season in buildspace history, and expanded content reach to millions.¹ But internally, the feeling did not pass.¹ "On the outside people are saying you're doing great, but on the inside you know something isn't right," Majeed wrote.¹

The letter was specific about what this was not: "No, it isn't because of investor pressures (love you papa a16z). No, it isn't about runway (we have over 2+ years in the bank). No, it isn't because of monetization (if needed we'd make $3-5m arr off sponsorships). No, it isn't because of some drama behind the scenes (jeff isn't pulling a coup to become ceo)."¹

What it was, Majeed wrote, was creative exhaustion — not in the clinical sense, but in the sense of having explored every path he could imagine:

"At this point I'm out of ideas to try that I can really put my all behind to take us further. All the paths I wanted to explore, I did. And I don't have a clear idea on the next path to go down. The desire to push like hell isn't burning as it once did."¹

He framed it as a pattern unique to buildspace's nature as a founder-driven brand rather than a product company.¹ "In a weird way, buildspace feels 'done' to me," he wrote.¹

Why not hand it off

The most common question from the community was why Majeed shut buildspace down entirely rather than appointing a successor.⁴ When Eightception's case study asked him directly, Majeed replied: "Passing onwards a company like Buildspace wasn't easy, but, was possible. It was more of a community/brand versus a product that someone could come in and continue running."⁴

The distinction was structural.⁴ buildspace's operations were duct-taped across email, Discord, YouTube Live, Framer pages, WhatsApp, Instagram, and Twitter — there was no single proprietary platform to hand off.³ Majeed had acknowledged this fragmentation in a 2023 recap, noting that by Season 4, "amazing builders got zero traffic on their posts because the Twitter algorithm was changing constantly" and "people could no longer keep track of interesting projects because there were just so many."³ The brand itself — the lowercase anime-inspired aesthetic, the "build cool shit" ethos, the Naruto references, the "press 1 in the chat" catchphrase — was inseparable from Majeed's personality.¹⁶

The company had also not resolved its monetization dilemma.³ Sponsorships capped at $2-3 million per year.³ A venture-style fund for graduates would have changed the company's mission.³ One unnamed Asian government offered $2 million to host the accelerator program locally, but the priorities did not align and buildspace declined.³

The farewell letter

The letter on buildspace.so opened with an embedded music track and the line: "buildspace. it's not even a company to me, it's literally like a friend i dearly love."¹ Written entirely in Majeed's trademark lowercase style, it ran roughly 2,000 words and addressed the community directly.¹

Majeed named each of his nine team members individually — Stavan Patel, Alec Dilanchian, Jeffrey, Tair, Josh Elgar, Amit Ajwani, Dante Lentini, Aiden Blumenstein, and Adrianna Lakatos — and wrote: "The hardest part of this decision was knowing that if I shut the company down, then I wouldn't get to come in every day and work with you all."¹

The letter closed with a direct address to the community: "buildspace may be no more — but, you're just getting started. your journey was always meant to start here. it was never meant to end here."¹

Alongside the letter, a final email went out to the buildspace mailing list with the subject line "buildspace is dead."⁴

Community reaction

The tweet's reply section and the wider builder community split into three camps.⁴

Supporters — the majority — expressed gratitude.⁴ Ibraheem Leone, a Season 5 participant, posted on X the same evening: "buildspace shut down today. Grateful for the incredible run and opportunity. End of an era. Beginning of a new chapter for all involved."¹⁰ Many users called buildspace "life-changing" and "legendary."⁴ The Failory newsletter covered the shutdown on August 29, framing it as a story about founder mental health in startup culture.⁵

Others were blindsided.⁴ A number of participants had been waiting for Season 6 and did not expect a complete shutdown.⁴ "Damn, I was waiting for S6" and "It was on my bucket list to get in" were typical reactions.⁴

A smaller group was critical.⁴ Bryan Wade posted a response that read: "You didn't just burn out. You burned the whole thing down because you wanted to 'discover yourself'... Ever think about just hiring a team and letting someone else run it?"⁴ The criticism centered on the structural dependency on a single founder and the lack of succession planning.⁴

On Hacker News, the submission drew only six points and a single comment: "What was the product?" — a reaction that underscored how differently the shutdown registered outside the builder community versus within it.¹¹

Where they went

Majeed left San Francisco on a one-way ticket immediately after the shutdown, traveling to Amsterdam to visit a friend, then on to Morocco, the Czech Republic, and Pakistan.⁴ He described the period as the first time in his life, since beginning to build things at age 13, that he had stopped working.⁴¹ The Eightception case study reported that even abroad, the feelings of burnout persisted: "Maybe this was really it. Maybe the story ends here," Majeed recalled thinking.⁴

He returned to San Francisco roughly six months later, in early 2025.⁴ He began shipping small experiments under the company name Humansongs — Tidbit (a collaborative Claude interface), Clicky (an open-source cursor-side AI tool), Freeewrite (an AI writing tool), and the live-coding platform makesomething.so.¹⁵ On March 31, 2026, he posted on LinkedIn that he was rejoining Y Combinator — the same accelerator that had accepted ZipSchool in its S20 batch six years earlier — this time without an application, an interview, or even a specific idea.¹³¹⁴

Four members of the buildspace team joined Founders, Inc., the venture studio that had shared Fort Mason with buildspace since 2022: Stavan Patel became Creative Director, Adrianna Lakatos moved to Portfolio & Ecosystem, Aiden Blumenstein took on Programs & Storytelling, and Dante Lentini took Growth.¹⁵³ Founders, Inc. expanded into the space buildspace had occupied, growing its Fort Mason campus to 42,000 square feet.³

The buildspace.so domain remains live in memorial mode, displaying "this was buildspace" along with the farewell letter.¹ The site still drew roughly 1,100 monthly visits as of early 2025, more than six months after the shutdown.⁴

References

1. a letter to you. — buildspace.so(accessed Apr 17, 2026)
2. Farza Majeed (@FarzaTV) tweet announcing buildspace closure — X(accessed Apr 17, 2026)
3. The Burnout That Ended Buildspace's $100M Dream — The Runway Ventures(accessed Apr 17, 2026)
4. Buildspace: A Deep Dive into the Rise and Fall — Eightception(accessed Apr 17, 2026)
5. The Hidden Struggles — Failory