Ivan Burazin Highlights Evernote's Lean Revenue Growth Post-Acquisition
Ivan Burazin notes that Evernote, owned by Bending Spoons, reportedly reached about $150M in revenue with 20 people, compared with roughly $100M and 350 employees before the takeover. He contrasts this with older SaaS firms that have similar revenue but thousands of staff.
Original post · 1 min read
They are doing very well post-acquisition (reportedly at $150M with 20 people). Prior to the takeover, they were doing $100M with nearly 350 employees.
The current numbers are pretty apt for a product like that.
Then there are some of these older SaaS companies doing similar revenue with 5,000-7,000 people.
Imagine them cutting down to 30 engineers and a lean ops team. They would be printing money in a way that would seem illegal.


