277 karma · joined March 1, 2009
They also said their API will stay up:
http://blog.echonest.com/post/78749300941/the-echo-nest-join...
It's incredibly sad and a big loss for the technology world, but let's not forget to direct our thoughts to his wife and son that he leaves behind.
The hosting bill back then was ~$100/month since it all ran on a single box so, no, that wasn't a factor. It was a question of opportunity and not costs.
It's not any less expensive today because those numbers I gave are current numbers.
* Basic social sharing of products, fancy bookmarklet, following other people and then we quickly moved into some high-end realtime recommendation technology.
* At first, it was just friends and family spreading the word. Our first big jump came after our bizdev guy joined and he did a deal with Mary-Kate and Ashley Olsen to feature us on their homepage and for them to create accounts and share products they were interested in with their fans. We did a bunch of other celebrity stuff. Then, we really grew right after the Facebook platform launched. SEO was also a major factor.
* B2B connections were largely a waste of time.
* 90% affiliate, 10% advertising.
* Funding: I didn't pursue it at first, but smarter people than I saw the bigger opportunity that I hadn't tuned into yet and made introductions.
Yes, we had reached 7 figure revenues many years ago, long before the acquisition.
Sure, fashion search/bookmarking is a commodity - that's why those sites don't succeed.
I think discovery services are more nuanced than this and it's easier to understand the value they bring both to users and retailers, so we positioned ourselves as a "personal shopping engine." The goal was to shift users away from the Google search box towards a service geared towards shopping. I'm sure you can see value in that.
Hot company du jour is Pinterest... probably headed towards 3B pvs/month and recently closed a round of funding at $200-250M. Keep an eye on them if you think it's all still a commodity. It just depends on what lens you look through. Part of the challenge is putting aside one's cynicism and trying to positive about what your company _can_ be or _could_ be if people take it seriously.
http://www.whirlycott.com/phil/2005/10/17/stylefeeder-step-1...
LMK if that's not what you are looking for.
From January, 2005 through May, 2006, I worked on StyleFeeder on the side - while I had a pretty demanding day job, mind you - as I built up the basic business... until I had invested so much time and effort into it that I was maxed out and needed to find a way to work on it full time with the help of others.
I don't see any plausible way that I could have made it into anything significant while at the same time working a day job. I think some people can do it with some businesses, but I think it would have been impossible in my case.
But the bootstrapping phase, yes, I think you can do that while working a day job. That's very common.
More details here:
http://www.whirlycott.com/phil/2011/08/05/stylefeeder-histor...
Another example: you want to abstract a chunk of code into a new method. Easy, select the code, refactor it out and provide a method name. 2 seconds.
You want to reorder the way the arguments appear in the method? 1 second.
You want to know if a variable is in use anywhere? 1 second.
This stuff is painful without an IDE. I don't know what you do in life, but I find this functionality indispensable.
Whether that translates into anything big still remains to be seen.