4 ms·
The problem is if you raise 300M for a note taking app you need to come up with some plausible way for your company to be worth 3B. There is such thing as raisi
by gomox 8y ago
The problem is if you raise 300M for a note taking app you need to come up with some plausible way for your company to be worth 3B. There is such thing as raising too much.
- bonestamp2 8y agoI think they also shot themselves in the foot many years ago when they had a lot of heat... they were too expensive. If they were cheaper and converted more passionate users into paying customers back then, those people wouldn't have looked for alternatives, of which there are many.
- rmason 8y agoEvernote did one thing extremely well. I remember being in the Valley a few years back and saw this huge Evernote building from the freeway. I was stunned, this entire building for my simple note taking app! What happened in a quest for growth is they bloated the product. It was no longer a simple elegant note taking app anymore. Evernote from the outside appears rudderless. The founders gone and it's clear that the MBA's running the place not only don't have a passion for the product - I'm willing to bet they don't regularly use it. I'm still convinced with the right leader it can be salvaged because so far there hasn't been a compelling product to seize its market.
- prepend 8y agoIt will be salvaged when a single person buys it and runs it steady state for like $1/user/year or something.
- bonestamp2 8y agoI think it could even tolerate more than $1/year. I shell out money for anything I find useful, and I like evernote, but $4/month is insane for what it is -- considering all of the alternatives. I'd easily pay $1/month though, maybe $2/month if it really became important to me.