hello everyone and welcome back to another video it's francesco here for keep productive
today we're going to just overview some interesting news that came out over the weekend
notion is apparently valued at 10 billion dollars i wanted to overview some of the facts and
information around that share some of my thoughts about this tool so as many of you guys know like
i am an ex notion user uh more for personal use uh however um i've been following the company for
a fair amount of time like since 2017 maybe um it was when i did my first review and naturally just
been keeping on um interested in the application and actually was very very lucky um 2019 i went
to see the team and did a short documentary about them if you haven't seen our link in description
now it's so weird seeing this because when i last like went to see them there was only like 13 or
14 people in the room um and now they're like a team of apparently 160 people so let's overview
what this update um really gives in a bit more detail so as i said it's been valued at 10
billion and this is because there's been a funding round of 275 million uh which was provided by cotu
they all have strange names and in participation with base 10 partners and shrine capital nyc
now essentially that um based on all of that information that puts their valuation at
10 billion they previously were valued at 2 billion when they received a 50 million 50
million dollar check um in in not in the post in uh when they did their last funding round
now apparently according to the article that is here the forbes article they actually outlined
that they haven't touched much of the cash of the 50 million dollars which is pretty good
and that was a statement by akshay now actually quite interesting in this article they dig a
little bit deeper in terms of some of the different things that have happened across
a year so obviously one of the big things that happened is the automate um acquisition
and that is now introduced a new offered office in hyper bad and notion um naturally in this
article they hint towards the fact that there may be more cash available for acquisitions
in the future now according to the article they state that they're almost 200 employees and i'm
assuming they're embedding the automate io employees but in the tweet that ivan
has posted here he said we're a small team of 160 which i don't think is a small team
with three people which is crazy but apparently in the article they also state that they have 20
million users of notion which is a huge amount um if you compare it to other applications in space
now actually what i really didn't know from this article um was the fact that notion actually went
popular went viral on tick-tock i knew that it was going to be popular with the sort of mainstream
market like um sort of young age gen z because it's got that adaptability and that customization
that they like and they they want to see in a productivity application but i didn't know how big
it went and i sort of did a bit of digging around the tick tock thing and apparently this is where
it's put a lot of strain on the system uh back in january i think and they had a lot of issues
with um the service going out and in because of the amount of users coming into the service so i
actually didn't know that um probably because i've been keeping my head down about using it i guess
but it is really interesting to see how notion has evolved and apparently um
during the pandemic they've actually increased the size of the application by
five times which shows the amount of growth they had during 2020 and the first half of 2021.
now i can naturally imagine notion continuing to develop and improve and it's really great
to see the company evolve from a small sort of beginnings to growing and growing and actually
i think ivan who mentioned in the article that he's actually been working on this for a decade so
for him it's been a long time but over the last two years notion just exploded in
use so again i find this all very strange because i was very lucky to go and see the team
and they were a very very small team then and i can imagine going to see them now i wouldn't be
able to keep track of well i wouldn't be able to keep track of like the 16 people versus 160 it
is absolutely crazy and even ivan must be pretty busy now uh and the team akshay um and uh you know
it's incredible how they've grown so that's a little overview of some of the interesting
facts that have come out from this article um i'll link the article in the link in description it's
a really well put together article and i hope uh you enjoy it as much as i did anyway folks please
do make sure to subscribe and like this video if you enjoyed it share your comments about where you
think notion is going but it's been a pleasure having you thank you very much folks cheerio
you