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Uncensored Everpix metrics, financials and slides

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Re: Uncensored Everpix metrics, financials and slides

#11

Would love a breakdown of the AWS cost.

From [1], the vast majority of the AWS cost was Storage ($9k in Oct 13), a large ECC instance from Feb-March 13 ($7k per month), and backups ($5k in Sept 13)

[1] https://github.com/everpix/Everpix-Intelligence/blob/master/...

Re: Uncensored Everpix metrics, financials and slides

#12
post #5

Amazing. This one piece is simply eye opening - https://github.com/everpix/Everpix-Intelligence/blob/master/... And here it is - the side effects of the talent war in full effect: HR - $1,374,695.06 - or 52% of total costs And the real winners of the whole thing (the pick axe industry): AWS - $394,588.35 - or 14% of total costs

how many full time employees? Also Consultant costs seem way too high..looks like they hired a bunch of contractors.

Re: Uncensored Everpix metrics, financials and slides

#13
post #5

Amazing. This one piece is simply eye opening - https://github.com/everpix/Everpix-Intelligence/blob/master/... And here it is - the side effects of the talent war in full effect: HR - $1,374,695.06 - or 52% of total costs And the real winners of the whole thing (the pick axe industry): AWS - $394,588.35 - or 14% of total costs

> HR - $1,374,695.06 - or 52% of total costs

Why would it be unusual for the majority of costs to be salaries for a company that sells services and develops products? This has nothing to do with the "talent war." That's just the way things work. What else would they be spending money on?

> AWS - $394,588.35 - or 14% of total costs

How much higher would that number have been had Everpix built out their own infrastructure?

Re: Uncensored Everpix metrics, financials and slides

#15

Could Everpix have been run by a very small team at the end, rather than shut down? It looks like it was near adding a net 1,000 subscribers per month. Also, wouldn't it have been possible - with the understood pain points - to substantially reduce costs by moving off of AWS? Trading the ease of AWS for the critical cash for operations.

This could have been beginning of a hockey stick growth too. You'd think this is where a VC would be willing to accept some risk.

Re: Uncensored Everpix metrics, financials and slides

#16
post #7

Thank you for this. Reading the VC letters was just so amazingly refreshing I can't begin to tell you. I love how they said "no" in almost all the same ways. I'd really like to know the two that were so standup, that they wouldn't fund a competitor or someone who could, eventually, be a competitor. In all honesty, those are the types of funds you want backing you. They've bought your vision and they're not going to d…

Are you kidding? The "we can't fund a competitor" VCs are just saying "no" like everyone else. There's nothing particularly noble (or ignoble) about it.

Re: Uncensored Everpix metrics, financials and slides

#17
You know at some point we are going to have to sit back and ask "Where the F&*^K" does this $100M or $1B business number comes from.

The minute I get the opportunity to put my money my mouth is, I will invest solely in lifestyle businesses: one to two guys/gals wanting to build a profitable business with a yearly dividend, one where if the team makes $500,000/year we are all extremely happy.

Re: Uncensored Everpix metrics, financials and slides

#18
post #5

Amazing. This one piece is simply eye opening - https://github.com/everpix/Everpix-Intelligence/blob/master/... And here it is - the side effects of the talent war in full effect: HR - $1,374,695.06 - or 52% of total costs And the real winners of the whole thing (the pick axe industry): AWS - $394,588.35 - or 14% of total costs

> HR - $1,374,695.06 - or 52% of total costs Why would it be unusual for the majority of costs to be salaries for a company that sells services and develops products? This has nothing to do with the "talent war." That's just the way things work. What else would they be spending money on? > AWS - $394,588.35 - or 14% of total costs How much higher would that number have been had Everpix built out their own infrastruct…

My points weren't criticisms, they were merely highlighting the sentiment that comes from outside "the bubble" that is SV. It is unusual to people outside SV* to see such a high number (the % was just an additional data point that signals to non-tech people how much salaries constitutes tech startups). This has everything to do with the talent war - the market dictates that an engineer's salary must be $foo because Facebook/Google/etc are willing to compensate that much. People are generally curious why that "that's just the way things work" who aren't familiar with it.

> company that sells services and develops products

Here is my criticism now - not all products and services are equal, yet the costs to develop them (in SV) are. FB/Google/etc.'s high revenues dictate that their products and services constitute a developer that costs $foo - they set the market rates. Talented developers are fungible, but their salaries are not - thus the disconnect.

> How much higher would that number have been had Everpix built out their own infrastructure?

I don't have the answer to that question, and probably very few people do. There are two points to be addressed there - (1) could they save money by building their own? mature companies deal with that question all of the time (2) this is a real life indication of how much a software services money can make on one client by "selling pick axes in a gold rush" - thereby singalling a reinforcement to that sentiment.

*(note - I'm in SV)

Re: Uncensored Everpix metrics, financials and slides

#19
So is there another service that does what everpix did? I had it in the back of my mind to jump in because it's a service I've really wanted, but didn't get to it before the great shutdown. I've looked at Loom and I use Trovebox, but neither seem to support videos very well, Loom is iOS only, and Trovebox is moving to a different business model.

Re: Uncensored Everpix metrics, financials and slides

#20
Amazing. Kudos for all the transparency around your shutdown. I'm still reading through all of this.

I'm founder @ Trovebox and recently posted this which anyone doing a subscription consumer photo service should read.

"Hello 2014, Goodbye Consumer Photo Service" - https://medium.com/p/b1234eaf75b

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