Can somebody explain the difference between salary, payroll, and personnel? As far as I can tell, this money goes to employees. However, with a sum of roughly $3.8M, this seems a bit high for 6 employees over 2 years ($270k+/employee/yr), so that can't be right..
Everpix was great. This is how it died
51–60 of 268 posts
Re: Everpix was great. This is how it died
#52I cannot help but wonder if this is why my startup Pivotal ( http://pivotal.ws ) got a rejection letter from YC last night.
Are you aware of Pivotal Labs and Pivotal Tracker? http://pivotallabs.com/
Re: Everpix was great. This is how it died
#53500k for consulting???????
this is only a couple contractors for a couple of years. totally reasonable.
also, a lawyer may have taken 10-15% of this all by himself, especially if venture capital is involved.
Re: Everpix was great. This is how it died
#54I cannot help but wonder if this is why my startup Pivotal ( http://pivotal.ws ) got a rejection letter from YC last night.
Are you aware of Pivotal Labs and Pivotal Tracker? http://pivotallabs.com/
I am, we know long term we will have to change the name and already have something lined up but we figured it best right now to keep the current name. Make a bunch of mistakes and then rebrand.
Re: Everpix was great. This is how it died
#55Wow. What an interesting example of what's wrong with the venture capital model. A great product dies because the founders "spent too much time on the product". I hope a 9th inning miracle saves the day. If not, thanks for the great product.
It's not a great product but a great idea. A great product is one people will either pay for or investors invest in with the assumption is will be more valuable in the future. There is a difference. Sometimes the people with the idea can't figure out the leap to a great product and it fails. I've been there.
I disagree. It sounds like they had a great product, but they didn't have a good enough business.
Re: Everpix was great. This is how it died
#56Their focus wasn't on the product, it was on living/working in SF. They could have saved a year's worth of AWS payments alone by trimming the fat that comes with wanting to be in a "hip" location.
I know what you mean, SF is too expensive. But it's basically impossible to relocate a team of 7 who already have various different ties to a given area.
For product development, remote working is one solution. I work remote with my team all the time. Sometimes you need to see each other face to face, then meet up somewhere where it's affordable. Could make for a good team field trip even!
Re: Everpix was great. This is how it died
#57> They spent too much time on the product and not enough time on growth and distribution. The first pitch deck they put together for investors was mediocre. They began marketing too late. They failed to effectively position themselves against giants like Apple and Google, who offer fairly robust — and mostly free — Everpix alternatives. People on HN crap all over MBAs, but these are the types of problems many of them…
The anti-education bias of HN simply fascinates me.
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Re: Everpix was great. This is how it died
#58Wow. What an interesting example of what's wrong with the venture capital model. A great product dies because the founders "spent too much time on the product". I hope a 9th inning miracle saves the day. If not, thanks for the great product.
From the article: "The reaction was positive for you as a team but weak in terms of whether a $B business could be built." Wow, fuck these guys. It seems like a lot of good ideas are getting left on the cutting-room floor because people are holding out for the next giant thing. I hope the crowdfunding thing is enough to help unlock capital for things like this. (j/k crowdfunded equity is going to be a shitshow) EDIT:…
(j/k crowdfunded equity is going to be a shitshow)
hehe..
I just sunk my last $20,000 in your app, man. Now you are shutting down and getting cushy jobs at Google? Fuck that, where's my money? I will stalk you and your new boss on LinkedIn until you explain WHERE THE FUCK my money is. My wife is leaving me and the kids want to go to Disney World.
Re: Everpix was great. This is how it died
#59Can somebody explain the difference between salary, payroll, and personnel? As far as I can tell, this money goes to employees. However, with a sum of roughly $3.8M, this seems a bit high for 6 employees over 2 years ($270k+/employee/yr), so that can't be right..
I didn't understand there cost at all
Re: Everpix was great. This is how it died
#60Their focus wasn't on the product, it was on living/working in SF. They could have saved a year's worth of AWS payments alone by trimming the fat that comes with wanting to be in a "hip" location.
True. But, it seems many VCs won't consider you if you're not in the valley.