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Evernote has taken hundreds of millions in funding over the course of five years. How they going to justify that investment with some portion of their 11 milli
by alec 14y ago
Evernote has taken hundreds of millions in funding over the course of five years. How they going to justify that investment with some portion of their 11 million users paying $45/year? Are they going to sell? If they sell, will the service survive?
- taligent 14y agoIt is a pretty high proportion though (>1M) and the user base is incredibly loyal. Combine with the lock in effect, lack of decent competition and opportunities into enterprise market and you have recipes for a bright future. And there is no evidence of them selling. It is just FUD.
- Evbn 14y agoSo Google Keep, a freenium product with Takeout, is evil, but Evernote, a paid product with lock in, is good? Oooookaaaaay.
- monkeyspaw 14y agoWow, I thought you were kidding, but it looks like they've taken about $250 million in funding. What have they spent it on? I have a mental disconnect between companies like Evernote and 37 signals. Why did Evernote need all that money?