He’s confident that his investors all love the product, and says he chose his investors similarly to how he chose his earlier investors like Sequoia Capital and DoCoMo: they all focus on the product. Of course, the company is now turning back to product, which Libin says is the glue that holds everyone’s interest in keeping their shares together. AGC Equity Partners, which is branch of mobile-oriented m8 Capital, led the round. Sometimes it feels like the public markets are thinking minutes ahead … I think that’s a problem.”Įvernote currently has 45 million users and is starting to focus more on mobile. “It’s not a pleasant experience right now to be a pubic company,” said Libin, “There’s kind of an incompatibility between the public markets now and tech. The 399 price is for the tablet alone, and doesnt include the Marker stylus (49) or the Folio (69) case, though the company is currently bundling those two accessories with the reMarkable 2. But now is not the right time for Evernote, according to Libin, who says the market is too short-term focused for tech companies. The company also officially signaled its plans to hold an initial public offering, but said that this offering was structured to make that eventuality further away, rather than closer. No one came to me saying we want to sell,” said Libin.
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