Evernote just squeezed more money out of investors!

October 23, 2010

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.


Raise more money, it’s never enough

January 19, 2010

I enjoy reading about dubious startups raising more and more money on TechCrunch every day. How about a startup to burn through $6M to develop a customer support forum software? Basically, it’s the same thing you can achieve with free and open sourced phpBB or dozens of other forum packages like that. Noone will pay you for this guys.

Or how about burning $34M to develop software that lets you “monitor your brand on Facebook and Twitter” and “engage with consumers around conversations regarding a brand”? You really can’t make this stuff up…


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