Evernote just squeezed more money out of investors!

Evernote just raised another $20m. That’s on top of $9m left from previous round and a claim that it’s a profitable and sustainable business. Makes you wonder why they need all this money. My guess is that’s a preparing for M&A kind of things. Now, some users have comments about this news:

  • Do you now have enough to update the Palm/HP webOS application?
  • one thing I would ask would be that you streamline and improve the performance of the various clients out there.
  • I want to be excited about this but I have seen funding come and go and so many desires of the users go ignored.

 

We’ll see what the users get out of this new round of funding. I, personally, find the idea of creating a global platform for human memory out of a note-taking software to be a bit, er, misleading. The real global platforms for human memory are Google and Facebook. It’s not the ability to store information, it’s the ability to find information, based on relevancy or your social context.

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2 Responses to Evernote just squeezed more money out of investors!

  1. […] themselves a platform. You know, it’s not cool to be an app these days. You have to be a global platform for human memory or at least simply a platform, so that some VCs will give you […]

  2. […] however, this is roughly the number of paying users Evernote has now! And it took them 3 years and $29M of funding. We are going to match them in 2 years and with no external funding at […]

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