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I'm imagining that $50 raised from 10 million people ($500m raised) would allow for an outright recap of the entire company, including bringing in new managemen
by fairity 4y ago
I'm imagining that $50 raised from 10 million people ($500m raised) would allow for an outright recap of the entire company, including bringing in new management that serves the users' best interests.
I agree it isn't ideal, but as a user, it's far better than allowing Evernote to get sold to someone whose goal is to raise prices and squeeze profits. Many Evernote users like me are in a situation where the switchover cost is several orders of magnitude larger than $50. So, the dynamics might look more like 1% of the user base investing $5000 each.
- kjs3 4y ago$500 million is something on the order of the annual opex budget of my entire division of ~800 people. Are you seriously proposing that an app like Evernote requires that kind of a nestegg to deliver on users best interest in addition to a subscription model? Better than "maybe we should charge $1 more a month" or similar? Color me dubious.
- fairity 4y agoHuh? You're misunderstanding my point. It's not that a crowdsourced financing is required to achieve some outcome. I'm simply pointing out that it would have been a better option for all stakeholders than what just happened.