Wait, Evernote raised $70M at a $1B valuation in 2012. This funding round seems low. Am I missing something?
It's not a funding round, it's a content partnership with a small investment thrown in.
Evernote Raises $20M from Japanese Media Giant Nikkei
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Re: Evernote Raises $20M from Japanese Media Giant Nikkei
#12I use and pay Evernote. I love the idea.
But lately I think they stopped innovating their software and focused on office supplies and messenger bags. There are many things they could've improved by now.
I hope their easy money won't mislead them even more.
Re: Evernote Raises $20M from Japanese Media Giant Nikkei
#13I wonder about the long term viability of services like Evernote. I use them, but I would never pay for the service. If I got an email from them stating they'd be going out of business, I probably would move my notes out, maybe? For those who've paid for the service, why?
I pay for Evernote Premium to get PDF searching, offline notes, larger data volume, etc, as I manage all of my projects in Evernote. For me, the cost is trivial compared to the benefit. That said, I hope they don't lose their focus with projects like Context - the social aspect has no value to me at all.
Re: Evernote Raises $20M from Japanese Media Giant Nikkei
#14I use and pay Evernote. I love the idea. But lately I think they stopped innovating their software and focused on office supplies and messenger bags. There are many things they could've improved by now. I hope their easy money won't mislead them even more.
To be fair, the messenger bag is pretty rad. I bought it and it's one of my favorite accessories. For my commute and for travel, it's nearly perfect.
Re: Evernote Raises $20M from Japanese Media Giant Nikkei
#15I wonder about the long term viability of services like Evernote. I use them, but I would never pay for the service. If I got an email from them stating they'd be going out of business, I probably would move my notes out, maybe? For those who've paid for the service, why?
I signed up as premium user for using offline notes in my phone, I dont really use rest of the premium features.
I was a free user for a long time. The annual cost is reasonable and I want to show my support to the evernote guys by being a paid customer.
Re: Evernote Raises $20M from Japanese Media Giant Nikkei
#16I wonder about the long term viability of services like Evernote. I use them, but I would never pay for the service. If I got an email from them stating they'd be going out of business, I probably would move my notes out, maybe? For those who've paid for the service, why?
I kept telling myself that I should pay for Evernote since I use it so much, even though I don't really feel the value-add of premium features matches the premium cost. When I ordered the Evernote bag, there were some fulfillment issues, and Evernote gave me some credit that I could use toward a subscription. When I redeemed the credit, it said it would extend my existing subscription, so it turned out that at some point in the past, I actually had decided to pay for it.
I guess I look at it like a Wikipedia donation. Paying doesn't really get me any must-have functionality, but it does feel good helping them keep the lights on, since I have the disposable income to make a payment.
Re: Evernote Raises $20M from Japanese Media Giant Nikkei
#17I wonder about the long term viability of services like Evernote. I use them, but I would never pay for the service. If I got an email from them stating they'd be going out of business, I probably would move my notes out, maybe? For those who've paid for the service, why?
The next place you move it too will be developers giving away the service for free thinking they can be profitable down the road but what they don't know is that they have millions of you as their customer. They will shutdown and then you move on to the next free service. The issue with evernote is that they applied the get big quick model fir customer acquisition and they scooped up a lot of tuna instead if samon. C…
I agree that they need to get rid of the freeloaders like me. My issue with Evernote is that I don't think I'd get 5 bucks a month of value from it. I would get 1 dollar a month value. I'd even be willing to pay 12 bucks up front for the year. I wonder if they could move to a model like that. They'd give away the server for a 1 month trial, afterwards have a 12 dollar, non-refundable yearly rent fee.
Re: Evernote Raises $20M from Japanese Media Giant Nikkei
#18Wait, Evernote raised $70M at a $1B valuation in 2012. This funding round seems low. Am I missing something?
It's not a funding round, it's a content partnership with a small investment thrown in. https://evernote.com/corp/news/pr/2014-11-09/
Interesting, Nikkei did a similar thing with Monocle recently as well - http://www.mediaweek.co.uk/article/1310240/monocle-valued-11... (Monocle is probably not hugely known around here but are quite a well regarded media company in certain circles.)
Re: Evernote Raises $20M from Japanese Media Giant Nikkei
#19Earlier quoted context omitted.
The next place you move it too will be developers giving away the service for free thinking they can be profitable down the road but what they don't know is that they have millions of you as their customer. They will shutdown and then you move on to the next free service. The issue with evernote is that they applied the get big quick model fir customer acquisition and they scooped up a lot of tuna instead if samon. C…
I agree that they need to get rid of the freeloaders like me. My issue with Evernote is that I don't think I'd get 5 bucks a month of value from it. I would get 1 dollar a month value. I'd even be willing to pay 12 bucks up front for the year. I wonder if they could move to a model like that. They'd give away the server for a 1 month trial, afterwards have a 12 dollar, non-refundable yearly rent fee.
The reason why you and Evernote have a perceived mismatch on value is because Evernote does not fully solve your need, but it does for some people. This is their problem, they have so many products which are so so and rely on the user to select and create their experience.
Most people won't take the time to explore all the different products and how to fit them together. This is why Evernote says its best when described by a friend but others might say that the best products are an opinionated system directed at a specific type of user and demographic. You could have an Evernote for designers or developers or accountants or bloggers or researchers or wallstreet analysts but these would have to look totally different to get the love from its users. Bottom line Evernote is too general for most.
Re: Evernote Raises $20M from Japanese Media Giant Nikkei
#20Recently I discovered Nimbus Note, an Evernote/OneNote hybrid. Great for capturing ideas and moments with audio, video or notes. Been using it constantly: http://nimbus.everhelper.me/note.php
Does it have advantages over Evernote?
A more straight-forward interface. It's a subjective thing, but I find Nimbus Notes easier to use.