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Evernote is in deep trouble

businessinsider.com

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Re: Evernote is in deep trouble

#22
post #8

From this article, I have some of my software business beliefs validated: - don't be afraid to charge money - release frequent, small updates. Users tolerate this much better than infrequent big updates with major changes - focus on quality. Every update should include several bug fixes. As much as possible, fix bugs before adding new features - focus. Put all your eggs in one basket, to some extent. - watch costs li…

I feel like this should be engraved in stone and delivered to anyone who is thinking of getting into this game but try telling that to a hot headed under 30 founder who is worried about burning that cash as fast as possible to 'grow big and sell the company'.

I almost feel like SV is all about exits and not enough focus on meaningful products that arise out of genuine passion to solve a real problem.

Re: Evernote is in deep trouble

#23
post #8

From this article, I have some of my software business beliefs validated: - don't be afraid to charge money - release frequent, small updates. Users tolerate this much better than infrequent big updates with major changes - focus on quality. Every update should include several bug fixes. As much as possible, fix bugs before adding new features - focus. Put all your eggs in one basket, to some extent. - watch costs li…

[deleted]

Re: Evernote is in deep trouble

#24
post #8

From this article, I have some of my software business beliefs validated: - don't be afraid to charge money - release frequent, small updates. Users tolerate this much better than infrequent big updates with major changes - focus on quality. Every update should include several bug fixes. As much as possible, fix bugs before adding new features - focus. Put all your eggs in one basket, to some extent. - watch costs li…

I feel like this should be engraved in stone and delivered to anyone who is thinking of getting into this game but try telling that to a hot headed under 30 founder who is worried about burning that cash as fast as possible to 'grow big and sell the company'. I almost feel like SV is all about exits and not enough focus on meaningful products that arise out of genuine passion to solve a real problem.

Those kinds of founders need a dose of reality. That path is usually more like "burn lots of investor cash and your reputation, then fail." For the very few who sort of pull the pump and dump burn to exit thing off there are dozens who just crash.

Re: Evernote is in deep trouble

#25

Evernote is such a great idea and in its early stage, it showed a lot of promise as the "trapper keeper" of all things digital. But as time went on, the client became bloated and there were weird products like Evernote Food that were pushed on users. I'm still using it for certain parts of my work, and I'm increasingly frustrated with the pop ups in the application every few days to upgrade to Evernote Premium. Someo…

Yep! Between syncing issues on previous versions and the latest pops every time I open the app I'm trying new things.

Most things are going in Jrnl.

I think I'm going to give OneNote a try for everything else. Friends swear by it and the latest version seems to work pretty good on OS X.

Re: Evernote is in deep trouble

#26

Earlier quoted context omitted.

Wasn't really suspicious - there was a call-to-action at the top of the app to help Evernote by leaving a review (the reviews help their app store optimization). There are a lot of die hard Evernote advocates out there that'd be happy to.

Holy hell. Today I learned that "appstore optimization" is a real thing...

It's not just a real thing… it's big business. Entire companies exist around it.

Re: Evernote is in deep trouble

#28
A great example of why the "number of users" metric is being overvalued. Until there is a solid, proven and scalable business plan to translate usage to revenue the $100 per user standard valuation shouldn't apply.

Re: Evernote is in deep trouble

#29

I was a longtime user of evernote but recently gave up. The webclipping tool was phenomenal but the notetaking interface was so and so (their desktop app was also poorly built which made things worse). After awhile, onenote took care of my notetaking needs and pocket of my linksaving needs. I think this was a great part of why evernote faltered. They just became a repo/dump of user crap. People didn't care to engage…

Were you able to import your Evernote notes?

Re: Evernote is in deep trouble

#30

From the article: "last year, TechCrunch pegged the company's revenue at around $36 million, and while revenue has increased, we've heard the numbers are still short of internal expectations" So Evernote is valued at more than 27x revenue??

Not a big multiple for a supposed growing company. Phil Libin said it takes on average of 40ish months to convert a free to paid user, that's harsh.
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