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The first dead Unicorn will be Evernote

syrah.co

11–20 of 103 posts

Re: The first dead Unicorn will be Evernote

#12
I find Evernote quite useful for specific domains, namely interviews. When preparing to give interviews, I gather all the info online using clipper. I can then categorise information based on the interviewee. After publishing interviews, I probably won’t access that information again until relevant information appears when researching about my next interviewee, e.g. a statement or an allusion to the previous person.

The latest significant development I saw from Evernote is its tie-up with the Nikkei newspaper, which was still a meager addition of the “Clip” button to the online version. (It’s well-known that Phil is a fan of Japan; Evernote even tied up with the Nagatanien bottled tea.)

Perhaps, Evernote can expand its offerings into paperback books, in which annotations are not yet effectively digitised. I’d also appreciate if they could release a suite for members of the press, who need to research, organise, and release information.

Re: The first dead Unicorn will be Evernote

#15

So what's the alternative to Evernote? The article lists Google Docs, which doesn't really seem equivalent, and OneNote. I'm using OneNote right now to organize planning for a media/writing project, and the experience leaves a lot to be desired. The writing interface in particular is clunky, in the web client and on Android -- on my phone, I have to pop open a menu and then a drawer just to switch bold text on or off…

It's kind of strange to me that you think OneNote is clunky. I might have agreed with you about the iOS app six months ago but it has improved quite a bit since then.

Re: The first dead Unicorn will be Evernote

#16
Fab is already a "dead unicorn" in most people's eyes. During their Series D in 2013, they had a post-val of 1.17B, only to be acquired earlier this year for 15M.

I think the biggest problem these current VC-backed unicorns will face is when "venture tourism" comes to an end sometime in the future and all this available cash becomes harder and harder to raise as mutual/hedge funds back slowly away from the private markets:

http://blog.pitchbook.com/if-winter-is-coming-how-well-are-u...

I hear a lot of chatter about how IPO is the new down round in tech, and it seems to make sense to me. I don't foresee the high quantity of venture-backed companies worth over 1BN being able to keep up with such valuations ESPECIALLY if they try and hit the public market anytime soon. I also don't see how they're going to be able to maintain increases in valuations thus making it pretty safe to assume an impending "down round" period for those unable to find sustainable revenue. And lastly, there isn't a huge M&A market for companies with a price tag north of 1BN.

Re: The first dead Unicorn will be Evernote

#17

Used to use Evernote 10+ times per day. Now it's a few times a week at most. Seems the product has stayed stagnant for a while now.

Interesting that engagement seems to be waning from a lot of Evernote users (based on this anecdatum and the article). Is it because the product has gotten actively worse, or do you find less need to use it these days (e.g. you realized it was more hassle than it was worth)?

Not worse, just not any better. The use case was, for me, fragmented into many other services. Evernote was sort of my second brain before, not any more.

Re: The first dead Unicorn will be Evernote

#18
I ported all my writings from Evernote to Google Docs the day when I read that their CEO said that he was building a "corporation for the next 100 years" a couple of years ago. There's nothing wrong with such desire, but I thought that the lack of realism/humility of this CEO would run this company into the ground.

Re: The first dead Unicorn will be Evernote

#19
post #11

[deleted]

> As an user of Evernote, my guess was that it was a small operation with may be 50 people tops, may be with 10-20 million dollars of funding.

Evernote has had a very large, prominent building on highway 101 from SF to the valley for quite a few years now. The building has no other signage on it, so I assume Evernote occupies a large part of it. Is that the norm for 10-20 million funded startups, or is your estimate way under?

Re: The first dead Unicorn will be Evernote

#20

So what's the alternative to Evernote? The article lists Google Docs, which doesn't really seem equivalent, and OneNote. I'm using OneNote right now to organize planning for a media/writing project, and the experience leaves a lot to be desired. The writing interface in particular is clunky, in the web client and on Android -- on my phone, I have to pop open a menu and then a drawer just to switch bold text on or off…

It's kind of strange to me that you think OneNote is clunky. I might have agreed with you about the iOS app six months ago but it has improved quite a bit since then.

Ah, sorry, I should have specified that I'm referring to the Android app. I've updated my comment accordingly. Not only is the interface a pain to work with, it has frequent syncing issues as well.

On the desktop, I'm forced to use the web client for OneNote and OneDrive, due to the lack of Linux support. I would definitely describe both as "clunky", though OneDrive is decidedly the worse offender of the two.

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