150+ years is a long time. All of the current staff of the company will likely be dead by then. The U.S. itself may dissolve in that period of time. There will likely be destructive events: nuclear war, civil unrest, robot rebellions, and other things we can't imagine now.
From what I've read they seem to be doing everything right, and they appear to have a competent CEO.
I wonder where their servers are located--perhaps they use Amazon Glacier behind the scenes?
@[677484539:2048:Dan Lyke] @[544700762:2048:Judd Weiss] @[1049580196:2048:Alton Sun]
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"Years before Meakem became rich and famous in the information technology world for founding FreeMarkets — an online auction site for business services he started in 1995 and sold in 2004 for $493 million — the concept for his latest project was born during that road trip.
The venture is Forever.com , which Meakem says is the world's first permanent online media storage and sharing service.
While most people store their memories in haphazard fashion — a box of video tapes in the closet, Mom's old recipes in a rarely opened desk drawer, old photo albums stashed in the attic — Forever is a one-stop online service where users can organize their video recordings, photo albums, documents and audio files. Just put everything in a box, ship it to Forever's Downtown offices, and workers scan in the content.
...
The difference between Forever and social media or other online storage sites is security and privacy, Meakem said. Many sites mine your personal data to sell to advertisers. With Forever, Meakem said, clients' information is not for sale and the site is triple backed-up and highly encrypted.
Plus, he said, no other site offers the “Forever Guarantee,” which pledges that accounts will be maintained 100 years after the client dies.
“Your descendants will be able to go back and find your memories,” he said. “We've thought this all out in ways that no one else has.”
...
The Forever Guarantee Fund — established with an initial $1 million investment from Forever, plus ongoing contributions from new transactions — is separate from Forever, he said.
“Every month we drop more money in,” Meakem said. “We think we're overfunded, which is good for the customer.”
The money is invested in diversified stocks and bonds and is designed to earn 8 percent a year, Meakem said. Four percent of the fund profits is spent on the site services, including security and migration issues.
If Forever does fail and the accounts can no longer be maintained, the terms of service state that the fund will be used to return content to clients.
Forever memberships start at a $349 one-time payment for 10 gigabytes of storage (or, about 2,500 photos) and run to $999 for 100 gigabytes. Monthly payment plans are $5 to $15. Specialty items, such as photo albums, calendars or personalized mugs, are extra.
http://triblive.com/business/headlines/8865861-74/forever-meakem-photos
From what I've read they seem to be doing everything right, and they appear to have a competent CEO.
I wonder where their servers are located--perhaps they use Amazon Glacier behind the scenes?
@[677484539:2048:Dan Lyke] @[544700762:2048:Judd Weiss] @[1049580196:2048:Alton Sun]
-----
"Years before Meakem became rich and famous in the information technology world for founding FreeMarkets — an online auction site for business services he started in 1995 and sold in 2004 for $493 million — the concept for his latest project was born during that road trip.
The venture is Forever.com , which Meakem says is the world's first permanent online media storage and sharing service.
While most people store their memories in haphazard fashion — a box of video tapes in the closet, Mom's old recipes in a rarely opened desk drawer, old photo albums stashed in the attic — Forever is a one-stop online service where users can organize their video recordings, photo albums, documents and audio files. Just put everything in a box, ship it to Forever's Downtown offices, and workers scan in the content.
...
The difference between Forever and social media or other online storage sites is security and privacy, Meakem said. Many sites mine your personal data to sell to advertisers. With Forever, Meakem said, clients' information is not for sale and the site is triple backed-up and highly encrypted.
Plus, he said, no other site offers the “Forever Guarantee,” which pledges that accounts will be maintained 100 years after the client dies.
“Your descendants will be able to go back and find your memories,” he said. “We've thought this all out in ways that no one else has.”
...
The Forever Guarantee Fund — established with an initial $1 million investment from Forever, plus ongoing contributions from new transactions — is separate from Forever, he said.
“Every month we drop more money in,” Meakem said. “We think we're overfunded, which is good for the customer.”
The money is invested in diversified stocks and bonds and is designed to earn 8 percent a year, Meakem said. Four percent of the fund profits is spent on the site services, including security and migration issues.
If Forever does fail and the accounts can no longer be maintained, the terms of service state that the fund will be used to return content to clients.
Forever memberships start at a $349 one-time payment for 10 gigabytes of storage (or, about 2,500 photos) and run to $999 for 100 gigabytes. Monthly payment plans are $5 to $15. Specialty items, such as photo albums, calendars or personalized mugs, are extra.
http://triblive.com/business/headlines/8865861-74/forever-meakem-photos