“Now, more recently, we have raised more equity roughly two hundred million dollars over the past 10 months.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Luca Ferrari
PredictionNot checkable as stated
Ferrari predicts AI will eliminate far more jobs than it creates
“But I will say, maybe, no, I don't, it doesn't qualify as advice, but the opinion I hear most often that I think is really poorly informed and poorly thought out is that Artificial intelligence will create more jobs than it will eliminate. I believe, and again…”
Luca FerrariMar 15, 2024▶ 58:47Luca Ferrari: Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation |E1127 · 20VC with Harry Stebbings
Disclosure
Bending Spoons hires almost entirely for talent and motivation, disregarding experience
“In our case, we chose to focus on talent and motivation almost entirely disregarding experience.”
Luca FerrariMar 15, 2024▶ 41:22Luca Ferrari: Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation |E1127 · 20VC with Harry Stebbings
AssertionContradicted
Bending Spoons pays identical salaries regardless of an employee's geographic location
“Currently we have the same salaries regardless of where you are.”
Luca FerrariMar 15, 2024▶ 46:15Luca Ferrari: Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation |E1127 · 20VC with Harry Stebbings
AssertionSupported
No shareholders in Bending Spoons have liquidation preferences
“All our share owners, myself, our institutional investors, our colleagues who got equity through their working at the company, nobody has any liquidation preferences, so we're all on equal terms economically.”
Luca FerrariMar 15, 2024▶ 54:04Luca Ferrari: Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation |E1127 · 20VC with Harry Stebbings
Disclosure
Bending Spoons acquires companies post-product-market fit to optimize them
“We let others seek market fit, and then we, if they will sell it to us, we will acquire their company and try to make it even better than they have made it up to that point.”
Luca FerrariMar 15, 2024▶ 0:08Luca Ferrari: Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation |E1127 · 20VC with Harry Stebbings
Opinion
Ferrari believes Apple Arcade has not been a great success
“I think Arcade is not a great success either.”
Luca FerrariMar 15, 2024▶ 19:26Luca Ferrari: Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation |E1127 · 20VC with Harry Stebbings
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