Katkar’s hire is a sign Notion may even go public in the near future. “It's almost not worth thinking about the hypotheticals because there's just so much that is left to be done, that we could do ourselves,” Kothari said. Kothari said he doesn’t feel Notion has to “entertain any discussions” about being acquired there’s more room for Notion to grow, he said, both in the consumer and enterprise spaces. Notion also retained its valuation after employees sold shares to investors in a tender offer. Unlike other startups that have pared down during the downturn, Notion has gone on the offensive with acquisitions of calendar app Cron and workflow app Flowdash, as well as launching a global ad campaign. And in a move signaling a new chapter of maturity, Notion has hired its first chief financial officer: Rama Katkar, Instacart’s former VP of finance.įigma, which Kothari called a “sister company” to Notion, decided to join Adobe for $20 billion instead of beating them. But Notion COO Akshay Kothari says the company is still aiming to build the next Microsoft, not be the next Microsoft.
Enterprise platforms are bulking up and it could spell trouble for the productivity startups trying to unseat them. Since then the landscape for productivity startups trying to make it on their own has completely changed, especially for those pandemic darlings that flourished in the all-remote world.Īs recession looms, companies looking to cut costs are less likely to spend money on tools outside of their Microsoft or Google workplace bundles. It’s been a year since Notion’s triumphant $275 million funding round and $10 billion valuation.
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