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Everpix was great. This is how it died

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Re: Everpix was great. This is how it died

#91

Post by crapshoot101 »

Glyptodon wrote: post #86
crapshoot101 wrote: post #75

Earlier quoted context omitted.

Wait, explain? Why should VC's fund something they don't think will make enough money? That seems to be a sense of entitlement - clearly, paid users were not enough to support this product on its own (which by all accounts, is a shame).

I think his implication was that paid users would have been enough to support it in the long run if the goal of investment were a stable business with some amount of yearly profits rather than a VC jackpot valuation exit.

But why on earth should VC's fund it in that case? Isn't that an entrepreneur's decision, not the VC's? Blaming the VC's for not funding this seems ridiculous to me.

Re: Everpix was great. This is how it died

#92

Post by arbitrage »

dm8 wrote: post #72
kohanz wrote: post #35

Earlier quoted context omitted.

I do not hold an MBA, but have a few friends that do and this seems like an inaccurate generalization. My understanding is that MBA's can have varied focus areas, with a varying curriculum. For example, MBA's can be focused on: Finance, Marketing, Management, etc, and yes, Entrepreneurship.

How can you have formal education in Entrepreneurship? It's pretty much on job type of learning. Not trying to be snarky but I'm genuinely curious.

90% of small businesses fail within the first year, or so the conventional wisdom goes.

Not all of them can possibly fail for completely unique reasons.

Re: Everpix was great. This is how it died

#93

Post by twic »

jrochkind1 wrote: post #70
middus wrote: post #11

Earlier quoted context omitted.

Let me break this down a bit: USD 500k at USD 2k/man day = 250 man days A US man year has ~235 man days, so that's just roughly 1 external FTE for a year. Not so much, actually.

What kind of FTE makes $2000 a day, what?

Consultants. Not freelancers, consultants. They have to charge that much so people know they're consultants rather than freelancers!

Re: Everpix was great. This is how it died

#94

Post by nakedrobot2 »

rhizome wrote: post #85
United857 wrote: post #74

Earlier quoted context omitted.

Correct me if I'm wrong, but doesn't Dropbox use AWS? (Or at least did until recently.) The two services' pricing (on a per GB basis) is within the same ballpark.

Dropbox has received a quarter of a billion dollars in funding.

According to Drew Houston at Websummit last week, they haven't spent any of that money.

Re: Everpix was great. This is how it died

#95

Post by apinstein »

Everpix team: sorry to hear that the runway ended before you could take off. It is a great idea, but with such tough competition for user acquisition (esp free competition in the B2C space), it's easy to see how customer growth couldn't deliver the returns needed for a VC-backed startup. We considered this space heavily but decided we'd be no match against the giants throwing money at this space.

At Tourbuzz, we've approached the photography market from a commercial angle. We've bootstrapped a profitable niche in professional real estate photography and are now planning our expansion into other niches. I do believe that the feature set you were formulating is one that is in consumers' interest, it's just a matter of finding a way to monetize it successfully. The photography space is still huge and growing, and there is plenty of time to build large, successful companies in the space.

We'd love to talk to you about the future if you're interested.

Re: Everpix was great. This is how it died

#96

Post by joeshaw »

3JPLW wrote: post #6

Dammit. That sucks. I am (well, was) a paying member of Everpix and I loved it. It was very great. It surprises me that this is how I found out about the closing. They haven't sent out the notifications to members yet, it seems. Guess I now have to look for another similarly seamless remote backup of my photo library. Any suggestions?

Woven - http://woventheapp.com

We're moving more into the realm of calling ourselves a backup service than the aggregator/viewer service we are mainly today.

Re: Everpix was great. This is how it died

#97

Post by msutherl »

msutherl wrote: post #29

For my part, I didn't use Everpix because I actually want to edit my photos and just save the best ones. I keep less than 5% of the photos I take. Everpix tried to do the editing for me, but software will never win that game.

I should say though, it was a beautiful product and did its job extremely well.

Re: Everpix was great. This is how it died

#98

Post by robterrell »

wehadfun wrote: post #64

I find it hard to believe that no one wanted to buy this service. $35K per month in revenue.

Well, I think the article said it was $35k per month in AWS costs alone. If they had 6800 paying customers at the cheapest rate ($50 per year) they were making $333,200 per year -- $27,767 per month.

My #1 priority would have been getting the storage costs to be break-even, with plan to get well under in a year. I have to assume they tried and discovered they couldn't get their numbers low enough.

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