Phil Libin, the Evernote co-founder who recently turned over the CEO reins, in in final talks to join venture capital firm General Catalyst as a general partner, Fortune has learned.
Libin helped create the digital note-keeping service back in 2007, and led its growth to more than 150 million users and a valuation north of $1 billion. Earlier this year, however, Libin said that Evernote was seeking a “professional CEO… who is going to be better than me at it.”
Neither Libin nor General Catalyst has yet returned requests for comment.
Update: General Catalyst partner Hemant Tenaja confirms the news: “Phil first and foremost shares the same cultural values as us. Phil has built a product that’s been used by over 150 million people, and I think he’ll be a great partner to entrepreneurs that are starting next-generation application businesses.”
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