Evernote, one of the most popular note-taking apps available, is in a bit of a financial hole right now. Evernote confirmed to TechCrunch this week that it has lost a number of its senior-level executives including its CTO Anirban Kundu, CFO Vincent Toolan, CPO Erik Wrobel as well as its head of Human Resources, Michelle Wagner. And this is all in addition to the usual array of engineers and designers leaving the company, which is pretty common for tech companies. But losing this many senior-level executives means that there's definitely some trouble for Evernote. And it has decided to discount its Premium Subscription ahead of its next round of fundraising.
This represents the second major shift in its executive team in the past two years, which is definitely not common for a company in any industry. It lost its founding CTO in 2016, along with a few other executives. But this time around, Evernote has lost many more executives. And it definitely couldn't have come at a worse time for Evernote, as it is currently in the middle of a fundraising round. Evernote would not comment on its fundraising right now, but many are expecting it to be a lower amount than the previous round of funding that valued Evernote at around $1.2 billion a few years ago.
Evernote is a very popular service for those that do take a lot of notes. And that's because it does plenty of things really well. It's great for note-taking but also organizing those notes. For example, if you are a college student and taking many classes, you can create a notebook for each class in your Evernote account and keep notes separate from class to class. It also allows you to record lectures and include them in the notebook. Evernote is very useful, and the premium subscription allows you to get even more out of the service.