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FWIW, their CEO seems quite set on long-term growth instead of a quick sell, as evidenced by https://news.ycombinator.com/item?id=39336308 https://news.ycombina

FWIW, their CEO seems quite set on long-term growth instead of a quick sell, as evidenced by https://news.ycombinator.com/item?id=39336308 https://news.ycombinator.com/item?id=39336308

duxup 2y ago
That may be the CEOs intent, but if they have share holders and someone shows up with money it isn’t entirely the CEOs call. They have a responsibility to produce returns and if an offer is better than what they can do without selling their obligation is pretty clear. I’ve known some folks who I believe really wanted to grow a company but when faced with an offer to buy it they didn’t feel they could survive a legal challenge arguing that they should sell.
- cqqxo4zV46cp 2y ago
  It’s 2024. By this point we all know how this ride goes. So if a founder states that they’re targeting sustainable long-term growth, and that intent isn’t reflected in how they’ve taken on investments, they’re flat-out lying. There’s simply no excuse to be that utterly naive. The Obsidian mob seem very switched on, and their public headcount isn’t remotely indicative of VC-funded hyper-growth. It looks like they’re doing everything right.
  - duxup 2y ago
    My point being that even if the CEO intends long term growth, it may not matter. People’s perception regarding the CEO is telling the truth or not is largely irrelevant at that point. If the offer is big enough their hands are often tied due to their obligation to the rest of the owners.
- rubymamis 2y ago
  They are bootstrapped and committed not to take VC money[1]. [1] https://stephango.com/vcware https://stephango.com/vcware
- pseudo_meta 2y ago
  Obsidian does not have any shareholders. It's a team of 6 people, and the sole owners are the two original founders.
criddell 2y ago
The Evernote CEO used to talk about how he was building a 100 year company.
- pqs 2y ago
  As a matter of fact, Evernote still works and is improving fast.
  - criddell 2y ago
    For me Evernote peaked around 2014-2015. The native clients were fast and small and integrated well with the host platform. I haven't used it since around 2020, so I'm glad to hear they are actually working on it. I subscribed on the Plus plan for 8 years at $35 / year. Now the personal plan is $130 / year. I used it maybe once a week so for me that would be $2 every time I launch it. It just isn't worth it.
  - euroderf 2y ago
    Recent evolution? Do tell
    - pqs 2y ago
      Well, I suggest you check the Evernote product lead's X account. https://x.com/fedesimio https://x.com/fedesimio You'll see that they are working on many improvements, some of them are already in the app.

FWIW, their CEO seems quite set on long-term growth instead of a quick sell, as evidenced by https://news.ycombinator.com/item?id=39336308 https://news.ycombinator.com/item?id=39336308

duxup 2y ago

That may be the CEOs intent, but if they have share holders and someone shows up with money it isn’t entirely the CEOs call. They have a responsibility to produce returns and if an offer is better than what they can do without selling their obligation is pretty clear. I’ve known some folks who I believe really wanted to grow a company but when faced with an offer to buy it they didn’t feel they could survive a legal challenge arguing that they should sell.

cqqxo4zV46cp 2y ago
It’s 2024. By this point we all know how this ride goes. So if a founder states that they’re targeting sustainable long-term growth, and that intent isn’t reflected in how they’ve taken on investments, they’re flat-out lying. There’s simply no excuse to be that utterly naive. The Obsidian mob seem very switched on, and their public headcount isn’t remotely indicative of VC-funded hyper-growth. It looks like they’re doing everything right.
- duxup 2y ago
  My point being that even if the CEO intends long term growth, it may not matter. People’s perception regarding the CEO is telling the truth or not is largely irrelevant at that point. If the offer is big enough their hands are often tied due to their obligation to the rest of the owners.
rubymamis 2y ago
They are bootstrapped and committed not to take VC money[1]. [1] https://stephango.com/vcware https://stephango.com/vcware
pseudo_meta 2y ago
Obsidian does not have any shareholders. It's a team of 6 people, and the sole owners are the two original founders.

criddell 2y ago

The Evernote CEO used to talk about how he was building a 100 year company.

pqs 2y ago
As a matter of fact, Evernote still works and is improving fast.
- criddell 2y ago
  For me Evernote peaked around 2014-2015. The native clients were fast and small and integrated well with the host platform. I haven't used it since around 2020, so I'm glad to hear they are actually working on it. I subscribed on the Plus plan for 8 years at $35 / year. Now the personal plan is $130 / year. I used it maybe once a week so for me that would be $2 every time I launch it. It just isn't worth it.
- euroderf 2y ago
  Recent evolution? Do tell
  - pqs 2y ago
    Well, I suggest you check the Evernote product lead's X account. https://x.com/fedesimio https://x.com/fedesimio You'll see that they are working on many improvements, some of them are already in the app.