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Evernote Blows Up the ‘Fail Fast’ Gospel

nytimes.com

201–210 of 354 posts

Re: Evernote Blows Up the ‘Fail Fast’ Gospel

#201
post #78

Most people don't know this, but evernote was created maybe 15 years ago, as a desktop app ( https://lifehacker.com/download-of-the-day-evernote-2-0-wind... ). I used evernote before their version 3, which is the one everyone knows today. Evernote 2 was a brilliant note taking app, the first and best of its kind, and it cost a few dozen bucks, which I gladly paid... Then they shifted to the online version called Ever…

I can't read the article due to paywall, but why does a note-taking app need to be a unicorn in the first place? It just seems so excessive. Like couldn't 80% of the value of Evernote be written as a simple, intuitive piece of software that a middle-aged programmer in Boise could maintain in his free time?

While that may be a slight exaggeration, Wikipedia's numbers of 251-500 employees sounds quite massive. I'm not obviously privy to all things the company does but it makes one wonder.

Re: Evernote Blows Up the ‘Fail Fast’ Gospel

#202
post #194

Earlier quoted context omitted.

Completely true, Pinboard is a good example in regard to Delicious going bust.

I wish there was a way to know about ... what followed, I was wondering what happened after Delicious just sort of rotted away.

IIRC pinboard actually ended up buying delicious

Re: Evernote Blows Up the ‘Fail Fast’ Gospel

#203
post #118

It used to be fantastic. The killer app for me was that it was actually impressively good at searching text in images which at the time felt like magic. Like you could take a picture of a whiteboard or your handwritten notes from a meeting or slide on a screen at a conference and then do a free text search of the keywords in it a few months later and find it. It was also really good at clipping web pages and helping…

They transitioned that to a paid feature because they had to keep the lights on. Small groups of engineers can do amazing things but in most companies amazing things worth doing run out and staff keeps growing. Salaries need to be paid and diminishing returns start. I have been thinking about the economics of being done with a piece of commercial software. Shut down feature additions, lower the price in regular incre…

The real problem is that everything is focused on becoming a thousands-strong workforce and a valuation of billions. IMO lot of software could be small or medium sized businesses making a small but steady profit. But the whole VC/startup culture has made this fundamentally unsexy.

Re: Evernote Blows Up the ‘Fail Fast’ Gospel

#206
post #165

The main problem with Evernote seems to be that their total-available-market is way too small to justify their valuation and expenses. It's core success is as a note-taking app - how big is the market for that really? They are competing against free alternatives like Emacs-org-mode, Apple Notes, and Google Keep. Sure, they can carve out a niche for themselves as a premium multi-device cloud-based no-ads app. But a $1…

I use Google Keep because I had sync issues with Remember The Milk on Android and wasn't about to continue paying them, but Keep is trash. It's a typical side project from a Googler. It's exactly what it was like when they rolled it out. Maybe a tiny feature here or there was added (I haven't noticed any), but it's a static service that is barely usable.

Re: Evernote Blows Up the ‘Fail Fast’ Gospel

#207
post #66

Earlier quoted context omitted.

There probably is but it’s really hard to compete with a company with deep pockets. That’s what I find pretty worrying about these unicorns. They kill a lot of potentially good smaller businesses just by being able to burn a lot of money.

I think they idea was to pick up the pieces when Slack implodes. Most of these businesses, looking for 10x growth, do so at some point. gitlab and bitbucket ain't github, but as github started burning, they started picking up steam. github sold for $7.5 billion. If they can get 1% of that value, that's still $75 million. If they can do so on the cheap, maintaining control, that's not a bad return. I doubt something l…

I'm not sure if you're trying to say that GitLab could be five-person company, but it's much larger. I don't think they list the number of employees, but say 56 countries so I'd wager at least two or three times that.

Re: Evernote Blows Up the ‘Fail Fast’ Gospel

#208
post #166

SaaS subscriptions are magical when they work; they provide much needed regularity to cash flow forecasting which assuages investor timidity. However, creating a subscription model doesn’t necessarily mean there is a service that warrants it.

Awesome for the company, but not so much for the customer. As a customer who values his time I have to manage one more recurring payment, I have to interact with (up)sales-people disguised as customer service and I have to keep records of canceling the service n years (depending on jurisdiction) because I don't know yet who will buy the leftovers of a company once it's not profitable so they can massmail "due payment…

> I don't know yet who will buy the leftovers of a company once it's not profitable so they can massmail "due payment notices" to all former customers, making a profit from those who fail to object in time.

Is this a common practice? It sounds very unethical, but the cynic in me can imagine it happening.

Re: Evernote Blows Up the ‘Fail Fast’ Gospel

#209

Earlier quoted context omitted.

They transitioned that to a paid feature because they had to keep the lights on. Small groups of engineers can do amazing things but in most companies amazing things worth doing run out and staff keeps growing. Salaries need to be paid and diminishing returns start. I have been thinking about the economics of being done with a piece of commercial software. Shut down feature additions, lower the price in regular incre…

The real problem is that everything is focused on becoming a thousands-strong workforce and a valuation of billions. IMO lot of software could be small or medium sized businesses making a small but steady profit. But the whole VC/startup culture has made this fundamentally unsexy.

Engineers are expensive. If you want to even launch, you need money to pay people (if even just yourself.) Boostrapping does work (see Basecamp,) but that business evolved out of a consulting business and wasn’t started from scratch, so they had advantages of paying clients subsidizing Basecamp development. A new kind of “micro-VC” where 10x returns weren’t the goal might be a start, but then it would be tough to raise money without substantial validation first. So there is a chicken-egg problem.

Re: Evernote Blows Up the ‘Fail Fast’ Gospel

#210

Earlier quoted context omitted.

They transitioned that to a paid feature because they had to keep the lights on. Small groups of engineers can do amazing things but in most companies amazing things worth doing run out and staff keeps growing. Salaries need to be paid and diminishing returns start. I have been thinking about the economics of being done with a piece of commercial software. Shut down feature additions, lower the price in regular incre…

The real problem is that everything is focused on becoming a thousands-strong workforce and a valuation of billions. IMO lot of software could be small or medium sized businesses making a small but steady profit. But the whole VC/startup culture has made this fundamentally unsexy.

It’s the issue of hypergrowth or ‘blitzscaling’.

Plenty of companies will deliver just as much, if not more, with a 30 person strong team, as they would with 600, or 10,000.

But a thirty person strong team isn’t going to get a multi-million cash injection unless they plug it all into a swanky office and an ever-growing wage bill.

I greatly admire Basecamp and it’s founders, DHH and Jason Fried, for completely bucking this trend. And they’re as successful as ever.

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