These are very interesting numbers. Obviously the financials are not well suited to the VC-backed startup model, but I wonder if Everpix could have been successful as a small business run by a small handful of people.
Uncensored Everpix metrics, financials and slides
41–50 of 164 posts
Re: Uncensored Everpix metrics, financials and slides
#42You 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.
You can already do that; invest in existing companies that pay a dividend. They're established and they understand that their investors value their continued profits more than risky behavior.
Re: Uncensored Everpix metrics, financials and slides
#43Earlier quoted context omitted.
Aren't these numbers also so high because they took VC funding? The VC wants to throw the company against the wall as fast and hard as possible to see if it sticks. That means no time to roll out custom infrastructure, and hiring rockstar consultants just to build the product as fast as possible. The idea is not terrible, it's definitely better than doing everything the right way (tm) for 5 years, just to find out th…
>That means no time to roll out custom infrastructure It is sad that the industry is so anti-intellectual that we're actually afraid of computers now. Giving dell a CC# and giving them your hosting providers shipping address is not a complex or difficult task. There is no need for "custom infrastructure" to run a trivial web app. You buy servers, you plug them in.
I wonder how much of the resentment to owning hardware comes from the "fail fast" approach - if you're trying to vet a business model quickly or move onto the next thing, having actual physical assets to take care of if the company ends up failing could be an off-putting extra complexity for some people vs just clicking "delete instance" with some virtualized provider.
Re: Uncensored Everpix metrics, financials and slides
#44Hey Guys, Thanks for posting this. Could anyone please clarify for me following things? I have just started to learn about startup capital. 1. Since company is now closed down what happens to Investor's money ? Do they just loose all or do owners have to return it ? ( sorry if this seems pretty noob but I would like to know it ) 2. What does 1 year maturity mean in convertible notes ? 3. Shouldn't the Net Operating I…
In a scenario where a company is being shut down and there is still cash in the bank, the remaining funds would be distributed to the investors.
Re: Uncensored Everpix metrics, financials and slides
#45thank you! so much thank you. wow.
Re: Uncensored Everpix metrics, financials and slides
#46So 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.
After Everpix shutdown I looked around and found both Loom and Trovebox but I also found PictureLife. I tried both Loom and Picture life for a little over a month and settled on PictureLife. Check it out, I am very happy with it.
Re: Uncensored Everpix metrics, financials and slides
#47Earlier quoted context omitted.
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 F…
So are we ready for more H1B visas? Or should we wait for the jobs move more to other countries?
I am not sure if H1's are paid any lesser than locals...Do you have data points to prove otherwise?
Re: Uncensored Everpix metrics, financials and slides
#48Everpix designer/cofounder here. This is pretty dense stuff. We're working on putting together a more extensive and user-friendly site to make sense of this heap of data. Stay tuned. :-)
Wayne,
Thanks a ton for sharing these documents. If you could also tell us which sources you used for market research, that would be great!
Re: Uncensored Everpix metrics, financials and slides
#49Earlier quoted context omitted.
So are we ready for more H1B visas? Or should we wait for the jobs move more to other countries?
I am not sure if H1's are paid any lesser than locals...Do you have data points to prove otherwise?
Economically increased supply will decrease the price. Supply & demand. Another way to increase supply and thus save money is to hire remotely, and not restrict yourself to a small geographic area. If you can hire a guy in upstate new york where a house costs $40k all in, that $1000-$2000/month saved in after-tax rent costs (~$17-34k/yr pre tax) alone will significantly decrease their required wage.
Re: Uncensored Everpix metrics, financials and slides
#50Hey Guys, Thanks for posting this. Could anyone please clarify for me following things? I have just started to learn about startup capital. 1. Since company is now closed down what happens to Investor's money ? Do they just loose all or do owners have to return it ? ( sorry if this seems pretty noob but I would like to know it ) 2. What does 1 year maturity mean in convertible notes ? 3. Shouldn't the Net Operating I…
I can answer the first one > 1. Since company is now closed down what happens to Investor's money ? Do they just loose all or do owners have to return it ? They lose it. http://en.wikipedia.org/wiki/Venture_capital
Thank you both.