Ferrari regrets not raising capital earlier to pursue more aggressive growth
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 35:46
Luca Ferrari is co-founder and CEO of Bending Spoons. He discusses how excessive caution and fear of disappointing investors caused Bending Spoons to delay raising capital and accelerating its growth strategy.
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“I feel I am too concerned, scared even of disappointing others, colleagues, investors, and as such, I believe we have waited a little bit too long to raise capital. We've waited a little bit too long to push on the You know, on the accelerator to implement our strategy at the fastest speed we were capable of. I feel our level of caution has been, generally speaking, excessive. And I think had we been more aggressive, we would have made more mistakes. But overall, I believe we would have created more value for our share owners, our colleagues.”
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