Evernote driving $1 million a month in sales

Bambi Francisco Roizen · April 15, 2011 · Short URL: https://vator.tv/n/18f1

Interview with Phil Libin, Evernote CEO and founder, and Gary Little, partner at Morgenthaler

In the old days, I used to organize my address book. But when search in email came along (years ago), I didn't bother since I could easily just search for someone's name in my inbox, and find their information. Now, I'm doing the same thing with more than just addresses.

The other day, I became one of the 26,000 people who sign up to Evernote daily. I took a photo of a menu at Hog Island Oyster Bar in San Francisco. I sent it to Evernote. I didn't even have to tag it. Because Evernote can read the menu in the photo, I can type in "oyster" and Evernote will serve up this photo. Now that's convenient. It's no wonder that in under three years, Evernote, which turns three years old this June 24, has attracted 8.2 million registered users, of which 300,000 are paying subscribers.

While Evernote is building out its sales team to drive more organizations to pay for its service, it's already driving $1 million in revenue a month. 

On a recent sunny day at La Mar in San Francisco, I caught up with Phil Libin, CEO and founder of Evernote, a popular online organizer, and Gary Little, partner at Morgenthaler, the first US Investor in Evernote.

We talked about a smattering of topics, from what's happening at Evernote, to who's using the service, to the evolution of organizing stuff online, to how startups are being built today, to the biggest disruption in the VC industry. 

Enjoy the interview.

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Bambi Francisco Roizen

Founder and CEO of Vator, a media and research firm for entrepreneurs and investors; Managing Director of Vator Health Fund; Co-Founder of Invent Health; Author and award-winning journalist.

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Our goal at Evernote is to give everyone the ability to easily capture any moment, idea, inspiration, or experience whenever they want using whichever device or platform they find most convenient, and then to make all of that information easy to find.

And we’ve done just that. From creating text and ink notes, to snapshots of whiteboards and wine labels, to clips of webpages, Evernote users can capture anything from their real and digital lives and find it all anytime.

Evernote is an independent, privately held company headquartered in Mountain View, California. Major investors include Sequoia CapitalMorgenthaler VenturesTroika Dialog, and DOCOMO Capital.



Phil Libin

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