Intuit Not Out to Change Mint Says Founder(mint.com)
mint.com
Intuit Not Out to Change Mint Says Founder
http://www.mint.com/blog/updates/intuit-not-out-to-change-mint-says-founder/
12 comments
P.S. I just realized another thing: Intuit might have got the shit kicked out of it by Mint (to borrow a phrase from the 37signals post), but it's safe to assume that most people at Intuit who competed directly against Mint still think they were right and Mint was wrong. About everything. Or at least 90% of everything. Mint got lucky, got better press because of its upstart cool factor, whatever. And the Intuit guys are determined to prove they were right by forcing Mint to do things the "right" way.
Yup, I observed first-hand exactly the process you describe. It seems to be inexorable. I even came here to comment "That's what they all say." :)
Just because they're not planning to change it doesn't mean they won't.
My experience in a small startup acquired by a large multinational is that all the unintended things -- the processes, procedures, standards, overhead -- add up to massive unintended change.
Example: we had an integration process between salesforce.com and our core product underway when we got bought. Sales guys would be able to hit a button and orders would flow directly into our product for execution -- eliminating overhead, reducing errors, and improving yield by allowing better forecasting and delivery.
The large multinational conducted a review, and told us that in order to avoid running afoul of corporate standards, we'd have to migrate our sales tracking to SAP, and integrate with SAP instead. The project was put on hold. The hold grew longer when it turned out that currency issues in the large multinational's SAP implementation would prevent us from billing certain foreign customers in their local currency. Then we realized our budget wouldn't permit us to use this radically more expensive product, and there wasn't a magic SAP budget out there for us to tap into. A year later, we were still using salesforce.com, without a connection to our core product.
I'm all in favor of acquisitions, and this will probably be a great thing for mint -- contrary to (say) the rant from 37signals today. But don't expect that it's not going to change things.
My experience in a small startup acquired by a large multinational is that all the unintended things -- the processes, procedures, standards, overhead -- add up to massive unintended change.
Example: we had an integration process between salesforce.com and our core product underway when we got bought. Sales guys would be able to hit a button and orders would flow directly into our product for execution -- eliminating overhead, reducing errors, and improving yield by allowing better forecasting and delivery.
The large multinational conducted a review, and told us that in order to avoid running afoul of corporate standards, we'd have to migrate our sales tracking to SAP, and integrate with SAP instead. The project was put on hold. The hold grew longer when it turned out that currency issues in the large multinational's SAP implementation would prevent us from billing certain foreign customers in their local currency. Then we realized our budget wouldn't permit us to use this radically more expensive product, and there wasn't a magic SAP budget out there for us to tap into. A year later, we were still using salesforce.com, without a connection to our core product.
I'm all in favor of acquisitions, and this will probably be a great thing for mint -- contrary to (say) the rant from 37signals today. But don't expect that it's not going to change things.
From the article:
Following the close of the acquisition, Aaron Patzer and the Mint team will remain in charge of Mint.com to continue both its principles and its fast pace of progress.
We’re not planning to change Mint.com and make it like Quicken. Quite the opposite. Aaron and team will also run Quicken and Quicken.com to ensure this doesn’t happen. Plus they will benefit from this larger pool of resources. I want Mint thinking to infuse Quicken.
While the post comes across as genuine, I wonder if by spreading the Mint.com team thinner, across all the Intuit products, they will really be able to "...continue both its principles and its fast pace of progress."
Following the close of the acquisition, Aaron Patzer and the Mint team will remain in charge of Mint.com to continue both its principles and its fast pace of progress.
We’re not planning to change Mint.com and make it like Quicken. Quite the opposite. Aaron and team will also run Quicken and Quicken.com to ensure this doesn’t happen. Plus they will benefit from this larger pool of resources. I want Mint thinking to infuse Quicken.
While the post comes across as genuine, I wonder if by spreading the Mint.com team thinner, across all the Intuit products, they will really be able to "...continue both its principles and its fast pace of progress."
I thought that was weird as well, who want's to run two competing projects? Quicken Online and Mint are basically direct competitors. Which one do you spend your time on? When you have a new feature do you put it in both?
Best case scenario for the new Quicken Online:
.htaccess:
Redirect 301 / http://www.mint.com/Or once all of mint's goodness is infused into Quicken, Mint gets killed.
I agree. It's not possible to run it without being constrained by it.
This is too bad. I was really hoping that Mint would be able to handle some things in a slightly sane way now that Intuit was involved. For example: I get paid $X per month, direct deposit to my savings account. I then transfer $Y to checking, and $Z to investment accounts (NOTE: not buying investments yet, just staging it). According to Mint I now have an income of $X+$Y+$Z for the month, and have spent $Y+$Z. When I by investments that amount also gets added to both income and expense totals.
It seems to me that doubly entry bookkeeping was invented at least 1000 years ago, and handles the whole funds transfer thing just fine without misreporting income. I certainly wish the Mint team could do so as well.
It seems to me that doubly entry bookkeeping was invented at least 1000 years ago, and handles the whole funds transfer thing just fine without misreporting income. I certainly wish the Mint team could do so as well.
In which Scott Cook demonstrates he still doesn't have a clue.
I'd have to concur with many of the comments on the blog post. I didn't switch to Mint.com because it was free, or it was the latest shiny product. I may be young, but I'm not stupid, nor was Mint.com a fad decision. I switched because Quicken was big ball of a program, with poor support on my platform, a horrendous upgrade path, and notoriously poor customer service.
I didn't flee Quicken because I was rebelling. I left because I made an informed consumer decision.
I'd have to concur with many of the comments on the blog post. I didn't switch to Mint.com because it was free, or it was the latest shiny product. I may be young, but I'm not stupid, nor was Mint.com a fad decision. I switched because Quicken was big ball of a program, with poor support on my platform, a horrendous upgrade path, and notoriously poor customer service.
I didn't flee Quicken because I was rebelling. I left because I made an informed consumer decision.
Isn't this exactly what a lot of people wanted to hear?
Disruptive technology is exactly that: disruptive.
We are so used to thinking, "New is good, older must be bad," that we forget that we can evolve to the "best of both worlds". Some changes take a little time. Give this baby its 9 months to be born.
Disruptive technology is exactly that: disruptive.
We are so used to thinking, "New is good, older must be bad," that we forget that we can evolve to the "best of both worlds". Some changes take a little time. Give this baby its 9 months to be born.
Leaving us to ask, "Hey guys, what difference will we be allowed to retain? Can you name anything that we'll be allowed to do differently from you? If we have to do everything just like you, and you freely admitted that you could never do what we do, why don't you just get it over with and shut us down?"