LeWeb11: Phil Libin, CEO Evernote
by Alex. Average Reading Time: almost 2 minutes.
Live post from LeWeb 2011: Phil Libin, CEO, Evernote and Loic Le Meur, Founder, LeWeb
Orange announces that all their customers will receive a premium subscription to Evernote as part of their service, starting in Spring 2012.
Phil talks about building Evernote as a “100 year” company. They were just named as Inc. Magazine company of the year (“How It Got Great, Fast”). Loic asks for a show of hands and it looks like 90% of attendees are using the service.
Phil says that their company is built on trust. If they want people to trust Evernote with their most personal notes, then Evernote must also act transparently.
Evernote has 20 million users (the company was launched in 2008). The growth has been organic, there has been no advertising. The question is, how do they behave?
After the first month, there is a big drop off. But once you use Evernote after one month, you don’t leave. And then, after two years or about 27 month, people start to come back — because Evernote contains their memories.
In the first month, only one half of one percent pay for Evernote. But the longer people use Evernote, the more people pay. After 3 years of use, about 20% of people are paid subscribers. There are about 750,000 premium users, paying $5 a month or $45 a year. The company became profitable about 6 months ago, then raised about $50 million from Sequoia.
Two new and separate applications were launched yesterday: Evernote Food and Evernote Hello. On mobile, they want really simple and evident apps, rather than adding more buttons to an existing app.
Evernote Food is a simple way to capture food experiences in Evernote. You take pictures of food and share them through Facebook, Twitter, email, or you just save them privately to your own space. The app automatically captures the restaurant.
Evernote Hello is a way to capture the people you are meeting, so you can have a way to remember them later.
Phil says that “Evernote is built for me.” The apps are meant to work together, so you can capture a picture of dinner, the people you were with, and notes from the conversation.
The goal is to reimagine productivity software, which is operating like it was 30 years ago. It’s time to refresh productivity to the new era of mobile phones, social networks, etc.


Pingback: In Paris for LeWeb11 | alex de carvalho