VentureBeat - Latest Comments in Semantic search engine Evri cuts staff by 25 percent

Re: Semantic search engine Evri cuts staff by 25 percent

Bill — Sun, 22 Mar 2009 15:21:20 -0000

Paul Allen treats these start-ups as play things. Since Paul got hit really hard in the market he is putting the squeeze on many of his start-ups.

As for their contracts, we don't know the details. Is there a set revenue amount or is this based on performance of some kind. Are these deals just "trials" for a set amount of time before the publishers are willing to pay. In a tough economy publishers are not looking to spend money unless they know it generates additional revenue.

This company is particular ran pretty fat. They acquired another start-up right off the bat. They spent a lot of money on fancy chairs, desks, plasma TVs, 3 flat screen monitors per engineer, game consoles, etc. The CEO used to run around town bragging about how much of Paul's money he has to spend and all the toys they have in the office. They also have been on a hiring spree; adding a number of senior execs.

Looks like Paul finally put a stop to it. Surprising to see a company continue to toss money around in such an irresponsible manner these days.

Re: Semantic search engine Evri cuts staff by 25 percent

gebrl — Sat, 21 Mar 2009 21:48:16 -0000

It's insane that these guys are cutting staff right when they are trying to grow and just got contracts. Doesn't Paul Allen have enough money to fund his own ventures?

Re: Semantic search engine Evri cuts staff by 25 percent

giberl — Sat, 21 Mar 2009 15:51:05 -0000

"Top 10 Lists: Top 5 Non-Google Search Engines"

http://top10listblog.blogsp...

I think the list of search engines make lots of sense.

Re: Semantic search engine Evri cuts staff by 25 percent

tct — Fri, 20 Mar 2009 18:51:33 -0000

this really isnt accurate werent they hypertext then restarted?