• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees

Can Evernote’s software make you smarter?

By
JP Mangalindan
JP Mangalindan
Down Arrow Button Icon
By
JP Mangalindan
JP Mangalindan
Down Arrow Button Icon
October 12, 2011, 5:00 AM ET

CEO Phil Libin has turned note-taking software Evernote into a growing business by building a tool that nontechies love to use.



FORTUNE — Phil Libin’s company Evernote is in the business of making memories.

Libin, CEO of the Mountain View-based app developer since 2007, took a haphazard mix of “memory augmentation” software developed by Russian American scientist Stepan Pachikov and channeled it into a polished note-taking app that lets users type documents, take photos, save web stories, and record voice memos. All the data are stored on the company’s servers, so customers can access their digital Post-its on most desktop and mobile devices.

Born in St. Petersburg, Libin immigrated to the Bronx with his parents — his father was a classical violinist, his mother a classical pianist — when he was eight. He taught himself English viewing What’s Happening reruns and reading Thor comics. When he was 14, he was fired from his first job with Carvel Ice Cream. (“You twirl the cone so the ice cream just twirls around the edge,” he confesses. “I lacked the dexterity to work the machine and do that.”)

Libin worked as a software engineer after college, though within five years, he would change gears and try his luck as a startup co-founder: first with the Java services group Engine 5 and later with CoreStreet, a security software organization that would grow too big for his liking. (Both would eventually be acquired for a collective $50 million.)


The Smartest People in Tech

When that happened, Libin left CoreStreet seeking the next big challenge — he found it in Evernote. Pachikov wanted a smart, gritty executive to transform his futuristic, but not very commercial vision into a thriving company; Libin shared his fellow Russian’s passion for the concept of memory-enhancing technology.

“Everyone was doing Facebook or Facebook for dogs,” recalls Libin, “and this was part of our pitch: Evernote is antisocial.” Libin knows a little bit about antisocial behavior, by the way: he lost a year of his life playing World of Warcraft. In his home, there’s a shelf lined with Dungeons & Dragons books. And he owns a life-size robot that supervises Evernote’s 110 employees when he’s out on business — it even accepted a Founders Institute entrepreneurial award in San Francisco while Libin was attending a conference in Spain.

Libin’s counterintuitive approach with Evernote is working. With 15 million users, Evernote is growing fast, adding 1.2 million more a month. Priests use it for prepping sermons. Chefs plan their menus with it. Schools integrate it into their curriculums.

[cnnmoney-video vid=/video/technology/2011/10/11/an_evernote_ceo.cnnmoney/]

In Japan, a collective culture that prizes its past, Evernote is somewhat of a phenomenon. While Libin was shopping in a Tokyo bookstore, he stumbled across a poster of himself with a speech bubble plugging several works. There are more than 30 books now on the company, several of which sold out, and Libin has been asked to pen one of his own.

Indeed, it has become an app that is especially beloved among nontechies. Susan Orlean, a book author and staff writer for The New Yorker, uses Evernote in all parts of her life, from saving articles for work to storing her son’s art. Now she’s a proselyte. “I sound like the woman at the dinner party who first introduced it to me and was so obnoxious,” she jokes.


13 startup stars on the verge of an IPO

The longer people use Evernote, the more likely they’ll pony up: 20% of longtime, active users convert to the premium plan with more storage and sharing options. Revenue is expected to climb from just $16 million this year to $150 million in 2013, and a recent $50 million funding round led by Sequoia Capital will fuel the company’s plans to quadruple the staff to 400, filling offices as far-flung as Singapore. Its first acquisition, the Mac drawing app Skitch, was announced last August at Evernote’s first conference. There’s also talk of going public, which could happen in 2013, if as Libin says, the conditions are right.

“It’s a rare beast of a company,” explains PayPal co-founder Max Levchin, also an Evernote board member. He thinks the startup has what it takes to go the distance because it deals with data people want preserved. Take a photo of a restaurant menu, and it might seem frivolous now but become more important down the line. If you drummed up a particularly clever idea, tuck it away in Evernote, and you’ll be reminded of it later on.

In fact, Levchin imagines a future where Evernote becomes “the heart of bequeathal,” where users pass on their accounts to descendants when the time comes. Fantastical? Maybe. But not a bad idea.

That’s why Libin believes Evernote is what he calls a “100-year company.” Because as anyone will tell you, memories only get more valuable with time.

A shorter version of this story appeared in the October 17, 2011 issue of Fortune.


About the Author
By JP Mangalindan
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

gf
SuccessEntrepreneurship
Meet the 32-year-old who is America’s only full-time spelling bee coach — he charges up to $180 per hour
By Ben Nuckols and The Associated PressMay 23, 2026
19 minutes ago
o
PoliticsOregon
Oregon Democrats wrote a gas tax, watched it get destroyed and now Jeff Merkley has a fight
By Claire Rush and The Associated PressMay 23, 2026
29 minutes ago
t
North AmericaMedia
‘Hello, Goodbye’: Paul McCartney closed the lights on a Late Show that CBS couldn’t cancel quietly
By Mark Kennedy and The Associated PressMay 23, 2026
38 minutes ago
w
Environmentclimate change
The asphalt industry has a heat problem — and cities are running out of patience
By Aya Diab, Alexa St. John and The Associated PressMay 23, 2026
1 hour ago
d
HealthHospitals
Meet the hospital dogs ‘making a real difference’ by getting sick kids to smile
By Laura Ungar and The Associated PressMay 23, 2026
1 hour ago
t
PoliticsCongress
Rebellious Republicans find voice in Trump apostate Thom Tillis: ‘stupid on stilts’ and a ‘payout for punks’
By Lisa Mascaro, Joey Cappelletti and The Associated PressMay 23, 2026
1 hour ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
2 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
1 day ago
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
AI
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
1 day ago
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
1 day ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
4 days ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.