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Apple’s OS X, which had been released just a year previously in March 2001, accounted for little more than 2% of the market.
It wasn’t until 2002 that Pachikov began working on what would later become Evernote.
Pachikov worked on the prototype of Evernote (which was initially known as EverNote) for two years, and released a beta version of the tool for Windows in 2004.
Evernote may have won its big bet on mobile in 2006, but it missed the boat on cloud-based collaboration, which profoundly reshaped the personal and professional productivity spaces.
However, in 2006, mobile was far from the dominant platform it is today.
On the morning in October 2008 when the two parties were due to meet to sign the papers, the investor canceled the meeting and pulled the offer of funding.
Since launching in private beta in 2008, Evernote’s growth had been gradual, steady, and entirely organic.
The company’s fortunes went from bad to worse in 2014.
Since 2015, according to CB Insights, a research firm, more than 40 unicorn companies have had “down rounds” or “down exits” — that is, investments or sales at reduced valuations.
In February 2017, O’Neill confirmed that after several difficult years, Evernote was cash-flow positive.
© 2021 Evernote Corporation.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| 1998 | $350.0B | 139,995 | 5,385 | |
| Adobe | 1982 | $21.5B | 11,847 | 1,484 |
| Microsoft | 1975 | $245.1B | 182,268 | 3,099 |
| Juniper Networks | 1996 | $5.1B | 9,400 | - |
| VMware | 1998 | $13.4B | 31,000 | 2 |
| Zendesk | 2007 | $1.3B | 5,921 | 76 |
| Red Hat | 1993 | $3.4B | 13,400 | 288 |
| Sophos | 1996 | $65.2M | 3,600 | 7 |
| Fortinet | 2000 | $6.0B | 9,700 | 330 |
| Cloudflare | 2009 | $1.7B | 2,432 | 373 |
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