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Why Trello Failed to Build a $1B Business

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Re: Why Trello Failed to Build a $1B Business

#61
Not a billion dollar business yet != failed to build a billion dollar business.

How do you keep scaling the revenue? Get bigger customers. Where do you get those big deep-pockets customers? The enterprise. How do you sell to big enterprise? With a big enterprise salesforce.

Ok. With that, you can either build your own enterprise sales machine (which takes years), or you can sell out to someone who already has one. Like, say, Atlassian.

Re: Why Trello Failed to Build a $1B Business

#62

I mean, I get what the guy is saying, but look at the text vs subtext here: text is "here is advice to take a burgeoning company to the stratosphere" But honestly, how many people in that position are going to read this blog post? 3? 10? If this was his true intention, he would have packaged this as some kind of super premium offering that only well-connected VCs could read or something. subtext: "I'm really smart ab…

It feels like Trello was a HUUGE SUCCESS. Todo lists are notoriously hard, and target a very thin demographic; people who are trying to plan and track progress, i.e. middle managers or OCD contributors.

Reaching $N million instead of $2.4N million, where N > 200 doesn't really feel like an obvious shortfall.

Re: Why Trello Failed to Build a $1B Business

#63

As far as I recall (and I've been a Trello user nearly since it was released), it wasn't necessarily Fog Creek's intention to build a huge monetized business out of Trello. In fact, at some point, users started to get anxious that Trello was free and actually WANTED to throw money at the company. I suppose part of that was the perception that if you're paying for it, it will be more likely to survive and won't go awa…

That's ridiculous, every businesses wants to grow and make more money. In their ideal world I'm sure Trello's management would have preferred to buy Atlassian than the other way around. The article does a reasonable job with 20/20 hindsight at musing on how they might have achieved that.

Re: Why Trello Failed to Build a $1B Business

#64
"Let me tell you how you to build a $1B business. I've never done it, but take my word that I know how to do it better than someone who sold a half a billion dollar business."

Like really, if your advice is useful, why hasn't the author built a $1B business? It seems like they missed the point that Trello became giant for what is essentially networked sticky-notes, were they even trying to become a $1B Business?

Next week: Why Trello Failed To Be the First Company On The Moon (spoiler alert, they weren't trying to do that).

Re: Why Trello Failed to Build a $1B Business

#65
post #21

Earlier quoted context omitted.

> SMBs are fine with actual post-its! I've tried many things (including Trello) and even bought a dedicated laser printer and wrote a small shell routine so I could print 3x5 cards to keep on my physical desk. By force of habit and ease of use nothing so far has topped post it notes (other than printed 3x5s or hand written 3x5's) for keeping track of things that I need to keep on top of.

Have you tried http://www.hyperplan.com ? It is a rather different take on post-it note planning and desktop-based.

Took a look. But honestly I think the biggest issue I have is that I have literally hundreds of things that I need to do and nowhere near enough time to do most of them. So making lists and moving etc. just doesn't work for me. Hence the most important things are on my mind and those things get the special 'desktop' (physical) treatment. I kind of suspect that I am not alone here. Might be because I handle a wide array of tasks which are hard to prioritize by a scheduling system which just allows you to organize that isn't the issue the way I work.

Re: Why Trello Failed to Build a $1B Business

#66
post #17

$450M... for a todo list. #perspective

That's the point. The marginal value for each person isn't that large even when you account for the collaboration features. But when you build a product that can be everyone's todo list incredibly cheaply the value starts to accumulate.

I mean Heinz sells bottled tomato paste. If pressed, it's probably isn't worth that much to each individual, but they're successful because it's cheap, available everywhere, of sufficient quality, and consistent.

Re: Why Trello Failed to Build a $1B Business

#67
post #63

As far as I recall (and I've been a Trello user nearly since it was released), it wasn't necessarily Fog Creek's intention to build a huge monetized business out of Trello. In fact, at some point, users started to get anxious that Trello was free and actually WANTED to throw money at the company. I suppose part of that was the perception that if you're paying for it, it will be more likely to survive and won't go awa…

That's ridiculous, every businesses wants to grow and make more money. In their ideal world I'm sure Trello's management would have preferred to buy Atlassian than the other way around. The article does a reasonable job with 20/20 hindsight at musing on how they might have achieved that.

"every business"? I'm thinking of Craigslist, they don't seem that interested in making more money.

Re: Why Trello Failed to Build a $1B Business

#68

I mean, I get what the guy is saying, but look at the text vs subtext here: text is "here is advice to take a burgeoning company to the stratosphere" But honestly, how many people in that position are going to read this blog post? 3? 10? If this was his true intention, he would have packaged this as some kind of super premium offering that only well-connected VCs could read or something. subtext: "I'm really smart ab…

It feels like Trello was a HUUGE SUCCESS. Todo lists are notoriously hard, and target a very thin demographic; people who are trying to plan and track progress, i.e. middle managers or OCD contributors. Reaching $N million instead of $2.4N million, where N > 200 doesn't really feel like an obvious shortfall.

I agree with you, and others in this thread have lauded Trello's success. But the author of the page is angling for another interpretation, and I'm trying to figure out what he hopes to get out of it.

Re: Why Trello Failed to Build a $1B Business

#69

As far as I recall (and I've been a Trello user nearly since it was released), it wasn't necessarily Fog Creek's intention to build a huge monetized business out of Trello. In fact, at some point, users started to get anxious that Trello was free and actually WANTED to throw money at the company. I suppose part of that was the perception that if you're paying for it, it will be more likely to survive and won't go awa…

I don't buy that narrative since Trello received $ 10M in funding [1] and you must convince investors to put that sum of money.

[1] https://www.crunchbase.com/organization/trello#/entity

Re: Why Trello Failed to Build a $1B Business

#70
post #61

Not a billion dollar business yet != failed to build a billion dollar business. How do you keep scaling the revenue? Get bigger customers. Where do you get those big deep-pockets customers? The enterprise. How do you sell to big enterprise? With a big enterprise salesforce. Ok. With that, you can either build your own enterprise sales machine (which takes years), or you can sell out to someone who already has one. Li…

There are plenty of companies who have scaled their revenue beyond this point without an enterprise salesforce - Trello's acquirer is one of them

Its not a hard rule that to reach beyond $x you need to become an enterprise

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