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?
Evernote Blows Up the ‘Fail Fast’ Gospel
201–210 of 354 posts
Re: Evernote Blows Up the ‘Fail Fast’ Gospel
#202Earlier 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.
Re: Evernote Blows Up the ‘Fail Fast’ Gospel
#203It 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…
Re: Evernote Blows Up the ‘Fail Fast’ Gospel
#204Re: Evernote Blows Up the ‘Fail Fast’ Gospel
#205If I suddenly had the need to use it across more than 2 devices I'd have to pay but that hasn't come up yet.
Re: Evernote Blows Up the ‘Fail Fast’ Gospel
#206The 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…
Re: Evernote Blows Up the ‘Fail Fast’ Gospel
#207Earlier 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…
Re: Evernote Blows Up the ‘Fail Fast’ Gospel
#208SaaS 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…
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
#209Earlier 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.
Re: Evernote Blows Up the ‘Fail Fast’ Gospel
#210Earlier 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.
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.