๐ Evernote lays off most employees, keeping only a minimal operating team
Haebom
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In the early 2010s, Evernote was quite popular for a time, but it struggled to convert free users to paid ones and became a prime example of a SaaS service that lost trust in its process.
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Of course, all the founders made successful exits and are living happily ever after.
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After changing hands several times, the company is now owned and operated by the final acquirer, Bending Spoons.
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Because it doesnโt cost much to provide an app for saving and editing text files in the cloud, the biggest mistake is trying to charge for low-value features.
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In fact, when Evernote implemented paid subscriptions, alternatives like Dropbox Note, Google Keep, and OneNote gained even more attention.
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This actually became a great boost for services like Notion that offer much more than just basic document creation.
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Evernoteโs strengths used to be simplicity, reliability, convenience, and speed, but VCs now say it has lost its main value proposition.
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Recently, open-source SaaS options have been increasing, and other products are also struggling to stand out.
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DEVONthink, Obsidian, Notion, and others are now included in the same conversation as Evernote.
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Anyway, Evernote plans to raise its subscription prices and says it will use the extra revenue to develop new features โ hahaha
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I post articles related to IT ๐ป, economy ๐ฐ, and humanities ๐ญ.
If you are curious about my thoughts, perspectives or interests, please subscribe.
haebom@kakao.com
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์ฃผ๋ฅต
sad..
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ํผ์นด๋ถ
RIP ๐ชฆ
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