Bending Spoons acquires growing, flat, or declining assets, not just distressed
Luca Ferrari · Luca Ferrari: Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation |E1127 · 20VC with Harry Stebbings · Mar 15, 2024 · at 15:55
Luca Ferrari, co-founder and CEO of Bending Spoons, refutes characterizations of their playbook as solely acquiring distressed assets following their purchase of Evernote.
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“By the way, we don't acquire I don't necessarily acquire distressed assets. I know that people, some people have characterized it that way after Evernote, because Evernote, some people thought would qualify as such, but we have acquired a lot of products that were on the way up, some that were flat, some that were on the way down. We really don't have an opinion in that regard. It just, we just need the price to be right and the opportunity to improve the product to be significant enough.”
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