Ye olde troubled waters. (Photo: flickr.com/brokentrinkets)

Fast Company decided it was time to check in on the Hipstamatic guys. How've things been since the Instagram acquisition made them look like the losers in the photo app head-to-head? Well, no one expected everything would be happiness and fun times. But the picture that emerges in the second installment of a three-part series on the company sounds a lot like Lord of the Flies set in Silicon Valley. 

In the very first line, CEO Lucas Buick admits that, in the last year, the company has lost focus. Twitter expressed interest in an acquisition, sources say, but the idea wasn't taken too seriously. Attempts to transition to social have been rocky.

But it sounds like matters haven't been helped by a cultural rift within the company. Outlined in painful detail is a gulf between the founders and the developers the employees (many of them developers) hired once the company was up and running:

As Buick tells me, his founding team, which was composed mostly of designers, "never operated [Hipstamatic] as a software company. As we started building that type of company, we ended up with really talented engineers who were not used to our creative process. There was tension. There was separation on the teams."

No joke. Sources told Fast Company that the designer-heavy founding team referred to themselves as "the Wolfpack," which went over about as well as you might imagine it would. Said one developer who's since left the company: “'I shit you not: They’d actually be like, "Wolfpack is going to lunch," or "Wolfpack just got back from Vegas,"' recalls Norrie. 'It was like, good god.'"

As Fast Company tells it, the tension culminated in a fight over whether to use Adobe's publishing platform for the company's Snap Magazine or build their own system, wherein Mr. Buick reportedly straight-up flipped off one of his developers:

"I remember I was like, 'You're completely wrong. I can pull up graphs on my computer and show you how much faster we can build it,'" Soffes recalls. "And he goes, 'I got two graphs for you.' And then he gave me the finger in both hands."

Another source corroborates:

"The entire company basically saw the CEO of this company give the double finger to a developer," Wight says. "It wasn't in jest either. It was, 'I'm angry, so fuck off.' Lucas walked out. That pretty much sums up the company for me. You just don't do that as the CEO."

It sounds like everyone involved maybe just needs to take a chill pill. As much as Betabeat cringes at the cutesy talk of "Just Keep Shipping," this might be the one situation where we'd recommend postering the office with the motto--it certainly couldn't hurt.

UPDATE: Former Hipstamatic developer Jonathan Wight--one of the people laid off in August, and one of the sources quoted in Fast Company's piece--writes in to say the conflict at the company was less a matter of design feuding with development, but rather one of founding team versus everyone else:

Designers _were_ laid off when Hipstamatic shed 1/2 their company. A more correct take on the story would be "Founders vs Employees". All employees (excluding the PR) were laid off and all founders (friends in college) were kept - including the "director of fun". Needless to say the director of fun didn't make the lay off a particularly fun experience. The group laid off all tried to work together to make Hipstamatic a great product but unfortunately the leadership of the company was just frankly plain weird.

Stacy London of What Not to Wear has a new startup called Style For Hire. (Source: Phil Plait via Wikipedia)

SHUTTER. Luminance is not your average photography conference. Instead of focusing on the latest gear, this two-day program will bring together experts at the forefront of the technology we use to create, manipulate and share our images. Among the speakers are Behance founder Scott Belsky, Hipstamatic cofounder Lucas Allen Buick, Google's Chris Chabot, Pulitzer prize winning photographer Barbara Davidson, Tumblr CEO president John Maloney, Facebook Photos engineer Srinivas Narayanan and the School of Visual Art's David Ross. All speakers will present a 20-minute TED-style lecture.

TOE, HEEL, TOE, HEEL. What Not to Wear's Stacy London is the cofounder of a just-launched site that aims to connect personal stylists with the stylistically clueless. Style For Hire stylists will perform a "closet audit," provide personal shopping services or create new outfits out of clothes a customer already has—that's called closet shopping. Now women who aren't lucky enough to be on the show can still have their closets—and lack of fashion sense—torn apart, but without the benefit of a judgmental, national audience.

FREE LUNCH. Rickshaw Dumplings, Mexicue and Wafels & Dinges are giving away food tomorrow to all Fondu users. Download the the micro-reviewing platform for restaurants, create an account and head to West 4th and Greene Street from 11:30 a.m. to 2:30 p.m. to get your grub on. Sorry to all you Android or yet-to-adopt-a-smartphone users out there—Fondu is only available on iOS.

INCUBATE. The Entrepreneurs Roundtable Accelerator, a program that provides startup with access to seed capital, mentors and coworking space, is taking applications until April 29th. Brooklyn Beta's summer camp for designer-developer teams is also taking applications through May 31. The 12-week program fosters connections between talented  people, invests $25,000 in participating companies and has advisors from top companies like Kickstarter, Airbnb, Union Square Ventures, Etsy and many others.

HACK 'ROUND THE CLOCK. ZocDoc HQ  will be the launching point for April 24th's 10gen 24-hour hackathon. The event, which begins at 568 Broadway at 6 p.m., will focus on working with MongoDB. Hack away until breakfast the next day at 9 a.m. and then hack your way to the post-awards afterparty at Von Bar.

DEVBOOTCAMP. DevBootcamp is a 10-week program that brings non-programmers up to basic programming level via an intensive curriculum. It's in San Francisco, but the organizers invite national and international students to apply. Participants include an aerospace engineer, a kid "straight out of highschool," a math teacher and finance grads, making for a veritable DevBreakfastClub. "The spring cohort finished two weeks ago, 7 out of the 16 looking for jobs have so far had job offers," DevBootcamp's Lachy Groom wrote in an email. "Almost everyone has had an exceptional amount of interviews (I think the average might be 8 each). We're expecting a very high job rate within the next few weeks."

NETWORK. Entrepreneur Week, an event that brings established entrepreneurs, industry leaders and investors together to foster opportunities and relationships, began on Monday and will continue through tomorrow. Tickets are still available for some of the week-ending talks and events. Check 'em out here.

BLOG WAVE. Tidal, a company that provides tools to bloggers and publishers to help them share and be shared on similar blogs, just announced its 250,000 post milestone and three new partnerships. Tidal is loading up the Sony Music Popmarket Backstage site with reviews, photos, users and content creators eager to promote and share. Neighborhoodies, a T-shirt and hoodie company, is moving from textiles to terabytes as Tidal breathes life into their site with style posts, restaurant write ups and travel tips all focused on NYC. Finally, Seatgeek, a third party tickets site, is getting the Tidal treatment as well, as members talk about tour dates and their favorite and most anticipated shows.

NET-WORKS. Things just got a little bit faster on Staten Island. AT&T recently announced the expansion of their 4G LTE network which means mobile internet could be up to 10 times faster on those devices.

LUNCH MONEY. Education startup 2tor has obtained a $10 million line of credit from Comerica Bank.

COLLIDE. Kaleidoscope, a new way to shop for street fashion by browsing a mix of submitted and professional photos, is now on iOS.

MOMMA. Shapeways, a platform for creating and sharing 3D designs, is holding a Mother's Day make-a-thon. Participants can turn any flat two-dimensional design into a three-dimensional plastic or metal work of art. For Mother's Day, it certainly beats a stale store-bought card. Order by April 22 for metal and April 29 for plastic to get those gifts in time for dia de los madres.

JOBS. Bitly needs a new sales research associate. Acclivity is looking for a UI/UX designer and Python back end developer. Send a snazzy email. What's Watched has an opening for a sales director with three years of experience. Email Burr. News.me would like new senior iOS  and Python engineers. Torsh needs a technical cofounder and chief architect to develop web and mobile apps.