By Brett Laffel
The 100-Year Company: An Evening with Evernote, Morgenthaler Ventures, and Sequoia Capital
Evernote isn’t like most of the Internet startups in the age of Facebook, Instagram, and Spotify. Yes, its technology helps customers collect photos, audio files, Web clips, and other digital media and store them in the cloud, but it’s not about sharing this stuff with friends. Yes, its entire business is based on the $45 annual fee it charges for premium membership, but the vast majority of its customers pay nothing. And yes, it has raised a boatload of venture capital ($95 million at last count), but it’s not in a hurry to get acquired or go public.
Evernote CEO Phil Libin has instead described Evernote as a “100-year company” that’s built to stick around at least as long as its customers’ digital memories. But in a valley where the latest tech fads rule and venture funds often last a decade or less, how do you even begin to think about making your startup last into the 22nd century?
At this special evening event, you’ll meet Libin himself, who has presided over Evernote’s explosive growth from 3 million users in mid-2010 to more than 16 million today. Sharing the stage will be Sequoia Capital’s Roelof Botha and Morgenthaler Ventures’ Gary Little, two of the key venture partners who have helped propel Evernote to success. Xconomy San Francisco editor Wade Roush will quiz the trio about Evernote’s unconventional fundraising strategy, its freemium business model, its ambitious effort to build a cross-device technology platform that will attract thousands of third-party developers, and, of course, Libin’s plans for ensuring Evernote’s longevity. As always, there will be plenty of time for your questions.
Phil Libin, CEO, Evernote
Gary Little, Partner, Morgenthaler Ventures
Roelof Botha, Partner, Sequoia Capital
Registration & Networking: 5:30 – 6:15 pm
Program: 6:15 – 7:30 pm
Networking reception: 7:30 – 8:30 pm
Here’s a link to register: http://xconomyxchange3.eventbrite.com/
Questions? Contact Brett Laffel at Brett.Laffel@microsoft.com or @BrettLaffel on Twitter
I look forward to seeing you there!