"Despite reaching 150 million registered users this year, Evernote has been slow to develop the revenue side of its business and is grappling with departures and cost-cutting, according to interviews that Business Insider conducted with more than a half dozen current and former employees of the company."
How did that happen?
"But another former employee notes that the seemingly scattershot approach was not as random as it appeared. “Everything was done with intent,”"
The layoffs and appearance of releasing lots of products could also be explained by an upcoming IPO. VCs want the founders to diversify from a one shot pony and get lots of different revenue streams. I've seen this happen before.
Doesn't mean Evernote is a failure, won't IPO and succeed. Does hint at bad business decisions being made in converting users from free to money paying.
How did that happen?
"But another former employee notes that the seemingly scattershot approach was not as random as it appeared. “Everything was done with intent,”"
The layoffs and appearance of releasing lots of products could also be explained by an upcoming IPO. VCs want the founders to diversify from a one shot pony and get lots of different revenue streams. I've seen this happen before.
Doesn't mean Evernote is a failure, won't IPO and succeed. Does hint at bad business decisions being made in converting users from free to money paying.