Everest, The Peter Thiel-Backed App For Attaining Your Goals, Shuts Down
Everest, a Peter Thiel-backed cellular startup that launched an app final yr that will help you “obtain your goals,” is shutting down. The corporate had raised $2.2 million over three rounds, in line with knowledge from CrunchBase, however failed to draw sufficient customers to be able to justify the expense of operating the service and maintaining the workforce employed, admits an e-mail despatched out to Everest customers this week.
The e-mail warned that anybody wishing to again up their content material from the service wanted to go to the web site promptly, because the servers have been quickly going offline.
As we speak, the Everest web site solely hosts a web page the place customers can login and obtain their content material.
The corporate competed with different aim-monitoring apps, together with Carry, the app incubated by Twitter co-founders’ Apparent Corp, which, by the way, debuted its enterprise mannequin this week, the place it has expanded into private teaching. Carry stories that it has grown to the “single digit tens of millions” when it comes to its consumer base.
Raise, nevertheless, was totally different from Everest, because it falls into extra of the duty-administration area – Carry’s customers obtain group or private help as they attempt to shed weight, train, keep diets, study productiveness ideas, and extra.
Everest, then again, was extra about customers breaking down their very own objectives into smaller steps, sharing pictures associated to that, and connecting with others on its community. Final yr, its then 23-yr previous founder Francis Pedraza described the app as serving to individuals work out their life objectives and easy methods to accomplish them. Individuals, he stated, have been spending “extra time targeted on self-actualization, and Everest would be the platform.”
Or not, because it turned out.
The app might have suffered from usability points at launch. Although nicely-designed in look, it initially was suffering from bugs and crashes, and a few of its key options, like viewing objectives or establishing recurring duties and alerts, have been complicated and troublesome to make use of, TechCrunch beforehand famous. As well as, merely cataloging the steps concerned in any objective could possibly be tedious.
Pedraza in 2012 had scored a gathering with Peter Thiel, who seeded the startup with $300,000 based mostly on Everest’s early designs and its idea of constructing a social community outlined not by who you understand, like Fb, however what you need to do. Since then, the corporate introduced in a further $1.7 million in angel funding in 2013, and was continuing to boost extra later that yr. An SEC submitting exhibits that the startup had raised $200,000 of $5 million fundraise which included the $2 million in convertible notes Everest had beforehand introduced in, the founder advised VentureBeat on the time.
Requests for remark from Everest have to date gone unanswered, however we’ll replace if we hear again.
The complete e mail despatched to customers is under:
It’s with a tragic coronary heart that we should inform you all that Everest will probably be shutting down quickly. In the long run, we have been unable to get sufficient individuals utilizing Everest to justify the numerous prices of operating the service and protecting a group employed.
***Please go to Everest.com as quickly as potential in the event you’d like to save lots of your moments to your pc; the servers will probably be taken offline quickly.***
If you should reset your password to save lots of your Everest moments, you are able to do so from inside the iOS app.
Sincerely, The Everest Staff
“Please be careful for each other, and love and forgive everyone. It’s an excellent life, take pleasure in it.” — Jim Henson