Evernote plans to hire as many as 150 new employees this year after raising $70 million in new venture capital earlier this month. The company was valued by investors including Meritech Capital and CBC Capital at $1 billion, putting it in the rarefied company of privately-held tech companies like Pinterest and Dropbox that have entered the billion dollar club.
Founded in 2006, Evernote makes computer and smartphone software that lets users organize and save content from the Web. "Our goal is to help you remember everything," said Vice President of Products Phil Constantinou. The company, which has 150 employees, has more than 25 million users across desktop and mobile, Constantinou said.
Constantinou plans to hire at least 70 new employees for the product group. Open positions will include user experience and user interface designers, front-end and back-end engineers, data analysts with a machine learning background, and iOS and Android developers. Evernote will also be hiring for its marketing group and business development.
Employee perks include house cleaning, unlimited vacation time, free lunch, and public transit subsidies. The company is considering buying its own shuttle buses to ferry employees to and from work as many other Silicon Valley companies do.
Cash and equity compensation is competitive, Constantinou said. He declined to discuss the company's total revenue but said that the company generates revenue of over $1.5 million a month from credit card payments on the company's premium products, and additional revenue from partnerships where the company's application is bundled with that of other software makers.
The company's chief executive, Phil Libin, has said that the company aims to go public by the end of 2013. However, an IPO isn't something that employees spend much time thinking about, said Constantinou. Employees have already been able to cash in shares on secondary markets, he said, and they'll continue to have such opportunities before an IPO.
The company's culture is design-centric, Constantinou said. The company determines the user experience it wants to create, then figures out how to accomplish it technically. "Designers play an instrumental role and engineers seek out the designers because they know their work isn't going to be valued if it doesn't look beautiful," he said.
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