Concept, a popular note-taking and wiki-creation app, revamped their individual rates strategies today removing much of the user limitations from the totally free tier, bringing it on par with the performance offered by the $5 monthly paid plan of yore.
The business’s previous complimentary tier had a relatively low usage limit (1,000 “blocks,” which are Idea’s content systems) that eventually kept users from doing anything too robust without paying up. By entirely removing the limit on the quantity of text and information you have the ability to log, Concept is making sure that most paid users can get whatever they need from a totally free account.
They’re not completely abandoning premium-tier individual accounts; in reality, all existing paid clients are being transitioned to “Personal Pro” accounts at the exact same price they were paying previously. The new plan, to name a few features, permits file publishes larger than 5MB, limitless visitor partners and, most remarkably, upcoming access to a long-awaited Idea API that the business states is “coming soon, for real.” In September, Idea revealed they were making the app totally free for instructors and trainees; now the company is presenting access to the Individual Pro plan to these users too.
Users that were tying several accounts to a single free account to manage some small shared database will be immediately transitioned to a free trial of the company’s teams item. Once they hit the 1,000 block limit, they’ll need to update to the teams product or determine a way to make the guest collaboration workflow on the totally free individual tier fulfill their requirements.
Last month, Idea shared they had closed a new round of funding at a staggering $2 billion valuation. It definitely seems they have actually determined their future profits will rely on expanding their teams item rather than generating income from specific users rather as strongly. Like numerous office tools business, Idea has relied rather on bottom-up scaling, so it’s most likely they saw the chance of getting their platform in more users’ personal workflows and transitioning some of them to their groups items as a worthwhile long-lasting bet.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.