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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.
Earlier quoted context omitted.
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.
that kind of money if distributed to single founders who have a working product, generating revenues would have a far more benefit to society and consumers instead of one giant company that bullies it's way into the markets by splashing money around.
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.
what's evernote again? I installed it once in 2012 out of curiosity, never used it or seen it again. Some type of note taking app?
Evernote, please, I do not want:
- Work Chat
- Headlines from Business Insider
- To be CONSTANTLY BUGGED TO UPGRADE
That's the biggest thing. I'd love to give Evernote money, if I knew I was going to get left alone. Instead, all the Evernote Premium members I know are _still_ bugged to upgrade and get all these stupid, useless features thrown at them that they don't want.
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…
The Evernote Mac client is the one of the worst piece of software on the Mac platform. I've actually been using a $5 replacement app, Alternate, and moving my Evernote text notes back to nvALT synced through Dropbox. Evernote, please, I do not want: - Work Chat - Headlines from Business Insider - To be CONSTANTLY BUGGED TO UPGRADE That's the biggest thing. I'd love to give Evernote money, if I knew I was going to get…
I filed a bug report last week on getting too many nags to use new features. On my Android phone, saying NO to using a new feature did not prevent many new nags about the same feature.
It is this nagging that might convince me to not renew my yearly service when it expires.
The Evernote Mac client is the one of the worst piece of software on the Mac platform. I've actually been using a $5 replacement app, Alternate, and moving my Evernote text notes back to nvALT synced through Dropbox. Evernote, please, I do not want: - Work Chat - Headlines from Business Insider - To be CONSTANTLY BUGGED TO UPGRADE That's the biggest thing. I'd love to give Evernote money, if I knew I was going to get…
It's interesting to me that EN is apparently in deep trouble partially because of buggy feature releases. Three days ago I wrote this comment in response to the last article about EN: I wonder if they're experiencing feature creep because they've satisfied users of the core features. I use a program called Devonthink Pro according to this method: http://www.stevenberlinjohnson.com/movabletype/archives/0002... and in…
Products like this come and go. I don't know what the value of Evernote is. I've never been a power user. I prefer using Kippt ( sadly, also shut down ) + OS X Notes + Chrome's bookmarks + Google docs + Dropbox. Doesn't feel like a company doing something so specialised can expect a real growth out of a product that isn't remarkably well done.
One of the ways of providing value is to do nothing particularly unique, but to combine several things into a unique workflow.
The fact that you use 4 different services plus one that's been shutdown suggests to me someone else might want that functionality without the trial and error of figuring it all out and setting it all up...