Reply to topic  [ 6 posts ] 
Why the world's best photo startup is going out of business 
Author Message
What's a life?
User avatar

Joined: Thu Apr 23, 2009 7:56 pm
Posts: 12030
Reply with quote
http://www.theverge.com/2013/11/5/5039216/everpix-life-and-death-inside-the-worlds-best-photo-startup

Interesting on a variety of levels, not simply from a dot com venture going pop.

_________________
www.alexsmall.co.uk

Charlie Brooker wrote:
Windows works for me. But I'd never recommend it to anybody else, ever.


Mon Jan 13, 2014 9:49 am
Profile
What's a life?
User avatar

Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
Reply with quote
Quote:
Subscription revenue $254,060.57
Total Personnel Costs $1,411,513.53


Might be the best photo service, obviously not the best businessmen.


Mon Jan 13, 2014 10:48 am
Profile
Legend
User avatar

Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
Reply with quote
jonbwfc wrote:
Quote:
Subscription revenue $254,060.57
Total Personnel Costs $1,411,513.53


Might be the best photo service, obviously not the best businessmen.

Yes but most internet start ups have that cost to sales ratio to start with. They need customers before they can get the revenue. It is how badly they managed the transition to monetizing their user base that makes the difference.

_________________
Do concentrate, 007...

"You are gifted. Mine is bordering on seven seconds."

https://www.dropbox.com/referrals/NTg5MzczNTk

http://astore.amazon.co.uk/wwwx404couk-21


Mon Jan 13, 2014 4:01 pm
Profile
Moderator
User avatar

Joined: Thu Apr 23, 2009 6:11 pm
Posts: 12143
Location: Belfast
Reply with quote
ProfessorF wrote:
Interesting on a variety of levels, not simply from a dot com venture going pop.
I had never actually heard of this company before this article.

Mark

_________________
okenobi wrote:
All I know so far is that Mark, Jimmy Olsen and Peter Parker use Nikon and everybody else seems to use Canon.
ShockWaffle wrote:
Well you obviously. You're a one man vortex of despair.


Mon Jan 13, 2014 10:55 pm
Profile WWW
Spends far too much time on here
User avatar

Joined: Thu Apr 23, 2009 6:44 pm
Posts: 4141
Location: Exeter
Reply with quote
It makes for interesting reading, and does a very good job of illustrating a point that people like Jason Fried and David Heinemeier Hansson of 37 Signals have made, which is that trying to start a company with venture capital etc. always sets you off on the wrong foot. If you bootstrap the company instead, it sets you off on the mindset of needing to make money, which was something these guys seemed to have sorely lacked.

_________________
"The woman is a riddle inside a mystery wrapped in an enigma I've had sex with."


Tue Jan 14, 2014 9:17 am
Profile WWW
What's a life?
User avatar

Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
Reply with quote
jonlumb wrote:
If you bootstrap the company instead, it sets you off on the mindset of needing to make money, which was something these guys seemed to have sorely lacked.


Yeah, their plan definitely seemed to be along the lines of

1. make a cool thing
2.
3. profit


Tue Jan 14, 2014 10:26 am
Profile
Display posts from previous:  Sort by  
Reply to topic   [ 6 posts ] 

Who is online

Users browsing this forum: No registered users and 12 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group
Designed by ST Software.