Everpix is Shutting Down
51–60 of 95 posts
Re: Everpix is Shutting Down
#52Everpix was one of the best $5/month I spent. I would have been willing to spend far more for their services. I wish they would have tried to bump the price up to save the service. Having one place for all my photos made me exceptionally happy. Even my wife absolutely loved Everpix. I guess I need to find an alternative... what are they?
Re: Everpix is Shutting Down
#53Re: Everpix is Shutting Down
#54Re: Everpix is Shutting Down
#55Eventually "growth hacking" is going to be replaced by "sustainable business plan hacking".
Tt doesn't sound like that was the issue here. They had a functional business model, as they have specifically said that their user revenues outpaced their customer acquisition and service costs. They had positive customer lifetime value. The issue was that they couldn't acquire enough customers to pay their overhead. It's actually a case where "growth hacking" would have been good for them because they needed more u…
Here's the current crux of the startup world cost structure - it's not variable based on business solution, but rather technical solution - and this is problematic. Here's the general group-thought - the more money we put into a company the quicker it can sustain growth.
Let's say (none of this following data is accurate, just giving an example) it costs $20k to run the servers for Pinterest (which can make $5 per user on advertising) and it costs the same $20k to run Everpix (which is a freemium service, that makes on average $1.50 per user). As long as profit margins are sustainable both companies can survive. The problem is, no tech startup today I know of really assesses their cost structure today because "its cheap". We get the "scale as we grow" cost structures of providers and just assume that economies of scale mean that the more users we get the cheaper it gets. However, it's often is the case that the things that don't scale (humans and human costs) are not entirely sustainable and nearly as predictable.
Very generally speaking, I believe this means a few things:
1) One business model will tend to outweigh others (today this is advertising)
2) Shovel sellers are the more sustainable winners here.[1]
3) I think we'll slowly start to see a re-shift to offshore development as the ecosystem of "get code out the door technologies" (Rails, Node, PaaS-plays, etc) become much more mature in other markets (as it happened during the first .com burst).
One of my favorite Drucker quotes resonates well:
"For the problem of any business is not the maximization of profit but the achievement of sufficient profit to cover the risks of economic activity and thus to avoid loss."
[1]-http://startupsunplugged.com/startup-data/selling-shovels-in...
Re: Everpix is Shutting Down
#56Earlier quoted context omitted.
https://www.dropbox.com/features/photos https://trovebox.com/ https://loom.com/ http://www.smugmug.com/ and of course, http://www.flickr.com/
One of the key features of Everpix was the "set and forget" capability. Also their dupe-detection was really good. Do any of those do that? I guess Dropbox is the most established... I'd hate to be in this same situation in a year from now with Loom...
Re: Everpix is Shutting Down
#57I'm a little ashamed to say that this is the first time the shutting down of a service almost brings me to tears. A couple months ago, burglars entered my house and stoled --among other valuable stuff-- our laptops (wife's and mine) our cameras and with them a lot of pictures from our first year married. While I was able to recover some from iCloud and Dropbox and instagram, my wife was crying hopelessly for the lost…
I kept telling every single friend every time I see them post data loss grief status update on Facebook - use Dropbox, use CrashPlan, use iCloud, etc etc. And yet it seems like they either think that their data is not worth $5 a month, or that once accident happens to them it can't happen for the second time.
What the world really needs is an education of how important it is to backup our data.
Re: Everpix is Shutting Down
#58Re: Everpix is Shutting Down
#59Re: Everpix is Shutting Down
#60December 15th, 2013 seems like a too little time. A two month vacation might mean that someone loses all of his photos, even though one of the main points of this kind of service is backup of photos.