Bending Spoons acquires companies post-product-market fit to optimize them
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 0:08
Luca Ferrari is the co-founder and CEO of Bending Spoons, an acquisition-led software company whose portfolio includes Evernote and Meetup.
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“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.”
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More from Luca Ferrari
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…”
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.”
Bending Spoons pays identical salaries regardless of an employee's geographic location
“Currently we have the same salaries regardless of where you are.”
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.”