Evernote, which is up for a Crunchie award, rang in the New Year with an extra $4.5 million of cash from Russian investment firm Troika Dialog. A mid-December report had put the investment at $5 million, but the company did not actually close its B round until December 31. He is still trying to raise another $3.5 million tranche, but believes the current funding will hold the company through 2010. CEO Phil Libin says:
The rumors that circulated in the beginning of December were very premature—we still had unresolved issues and the closing was far from guaranteed.
Evernote turns photos and Web clippings into searchable notes, so you never forget anything. (At least, that’s the idea). It has gained 630,000 registered users since its public launch last year, with more than half of those on the iPhone. Libin’s New Year’s resolutions are:
I want to end 2009 with two million users, high-value partners and a tested revenue model. The real goal is profitability in 2010. I think that there are going to be fewer shiny objects on the Internet a year from now than there were a year ago, but the general thrust of innovation won’t slow down for long.
Expect him to spend that money on apps that support more kinds of mobile phones, different language versions, and creating more premium services that he can charge for. Here is his Elevator Pitch:
I like “cloud” concept/implementation behind it, but I still can’t get used to it in everyday life. I mean, it’s ok for Web/Notes Clipping stuff, but it’s not really competing with software like Microsoft OneNote (which I consider state of the art in the category). And it’s not about features but about the idea behind it, you can’t really do brainstorm work with Evernote, which is what (I guess) people trying to do with it.
Evernote has a very good branding, and that’s already a huge success (if you consider all other startups with crappy names), I hope they invest that money in developing the product itself instead of supporting other mobile phones (which can be done later).
Just my 2 cents,
Dias
Nice way to start the new year.
What do you mean? Agree, Disagree, Dontcare or did you just quote the wrong message?
I couldnt agree more, the crappy names are overdone these days.
2009 will obliterate the Domain Weak like never before. no business model and a weak domain? get out of town. Your domain will forever say more about you and your business than ever before. accellerating premium domain valuations. there logo is questionable. a logo of a brain might be a better choice.
DiaryLocator.com – note yourself
I like the multi-platform abilities but for more commercial applications it can get tasking keeping it all organized and secure.
Evernote is really cool. We use it a lot. Congrats on closing the funding round.
@peterurban
I use Evernote on my Mac, I used MS Notes ( cost $) . I miss group sharing from Notes clipping, I like the OCR on pictures – I use very much on my iPhone. I miss a Symbian Version
for mobile.
, *****
Take Picture -> OCR search -> Visual Notes
They should change their elephant logo so that it’s trunk is pointing upwards. An elephant with its trunk pointing down is supposed to be bad luck, not that I am superstitious.
I hope they will be successful in having 2 million users by the end of this year. Evernote is cool!
Congrats to Evernote {seesmic_video:{”url_thumbnail”:{”value”:”http://t.seesmic.com/thumbnail/gpI3sOn4SV_th1.jpg”}”title”:{”value”:”Congrats to Evernote ”}”videoUri”:{”value”:”http://www.seesmic.com/video/LNvuoLCyVS”}}}
“You get virtually unlimited storage” Erm, no, you get 500mb a month.
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hm,maybe…
Congratulations EverNote – I use them and am impressed with the speed of their app and convenience of the concept. Well done and I hope they are around for a long time.
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Big fan of Evernote – why? Reliable and fast sync between desktop client, web and iphone, good tagging and search, fast upload of mobile photos as records, receipts etc. Highly recommended for personal knowledge management.
Plastic Surgery that shows the perfect breasts.
Is there really such a thing as perfection? Porn, is it a business or just an institution?
I think you answered this in your article. Thanks!