Saturday, December 01, 2012

Evernote Raises $85 Million in Primary and Secondary Financing | Evernote Blogcast

Only patient investors need apply; I expect Google will eventually make an offer Evernote's management and investors can't refuse
"As we’ve talked about in the past, there is no exit strategy at Evernote. Our goal is to build a permanently meaningful and enduring company; a hundred year startup. In order to accomplish this, we have to separate liquidity from exit. This latest round is another step on this journey. By giving early shareholders the opportunity to sell some of their holdings, we reduce the pressure to exit while at the same time forging relationships with important new long-term investors who can help shepherd the company to, through, and beyond an eventual IPO."
Evernote Raises $85 Million in Primary and Secondary Financing | Evernote Blogcast
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