“Here we sit, a year after we were supposed to die,” says Chris O’Neill, chief executive of Evernote, which has cut back on staff. Credit Jason Henry for The New York Times SAN FRANCISCO — Evernote, a Silicon Valley start-up that makes a note-taking app, was supposed to be dead by now.

After a stratospheric rise over the last few years, during which investors poured about $270 million into the company and valued it at $1 billion, Evernote hit hard times last year. Naysayers said the company had overexpanded, was spending too much money and would be destroyed by competitors. The start-up soon became in Silicon Valley. Twelve months later, Evernote has cut back on staff, eliminated employee perks like, simplified its product line — and stabilized. The number of customers who pay for its file storage and sharing product is on track to grow as much as 40 percent this year, and the company is hiring again. “Here we sit, a year after we were supposed to die,” said Chris O’Neill, 43, chief executive of the start-up, which is based in Redwood City, Calif. “It was hard for employees to readjust expectations.

They had only known a world where another fund-raise was just around the corner.”. Last year, many tech executives, venture capitalists and entrepreneurs were convinced that a multiyear boom that had propelled young companies to great heights could no longer sustain itself. Fluke Scopemeter Software here.

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Some said it would end apocalyptically. Michael Moritz, an influential start-up investor at Sequoia Capital, declared many of the companies “.” Bill Gurley, a venture capitalist at the Silicon Valley firm Benchmark, proclaimed that the start-ups would “,” others intoned. The worst fallout may yet come, but many of the start-ups have hung on. Across Silicon Valley, engineers are still commanding annual salaries that average $136,000, according to Hired, a recruiting firm. Demand is brisk for $4 buttered toast, and office space rents remain near record highs. The biggest start-ups, like Uber and Airbnb, continue to land billions of dollars in funding.

And investors are shoveling money into venture capital funds, which raised so much cash in the first half of this year that it rivaled the amount raised in all of 2015. For all of the hand-wringing, “there just hasn’t been much of a downturn,” said Paul Buchheit, a managing partner at Y Combinator, a prominent start-up incubator that nurtured companies including Dropbox and Airbnb. “I don’t even see many companies going out of business.” Photo. Sean Behr of the parking service Zirx at its offices in San Francisco. Drivers Trendnet Rtl 8139d Lan Driver Download here. Credit Jason Henry for The New York Times That is not to say there has been no adjustment. Some smaller start-ups, like the live-streaming app Blab and the on-demand private chef company Kitchit, have collapsed into Silicon Valley’s dead pool.