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  • Hacker News
  • Bending Spoons is on a buying spree!

    Miro acquired my startup back in '21[0], so this is bittersweet as our users will be (eventually) affected by this. Founders and employees at Miro definitely deserve to cash out for their hard work and it's unclear (ie. not publicly known) if they will since this is a 10x down round.

    Also weird that they had to sell - they were one of the most established (visual) collaboration platforms out there. I'd be keen on learning about the inside story if it ever gets public.

    BS is known for aggressive management of companies they acquire, optimizing for cash flow and revenue, firing most/all of the original team, etc. Their acquisitions before Miro include Airtable, Eventbrite, AOL, Vimeo, Meetup, Evernote ... for at least a few of those, my direct experience with the product afterwards or in chats with their users, the platforms does get enshittified.

    Hope that's not a deal here.

    [0] https://blog.senko.net/the-story-of-a-web-whiteboard

    by senko
  • Didn't know Uri Geller was an investor now.
    by _joel
  • 2xARR is extremely low, I'd like to know why they sold. After being valued at 17B selling for close to ~2B is interesting.
    by leugim
  • Overheard: "The Italian exit"
    by tnolet
  • Can they just buy Atlassian.
    by deadbunny
  • If you’re using it, you should plan to migrate off ASAP. I’ve been a long time user of Harvest, and after Bending Spoons acquired it, they increased our pricing by 800%.
    by cameldrv
  • They bought Airtable last month for a similarly distressed valuation.

    The SaaSpocalypse has hit the post-Covid highfliers, and Bending Spoons is the grim reaper.

    I don't suppose there is any big synergy hopes here. They're just identifying companies with relatively sticky enterprise accounts and will milk those.

    by pavlov
  • I have some friends there. Morale in the company was very very low. There were multiple rounds of lay-offs and management went AI crazy. They were desperate to live up to their extreme valuation from 2022. "We have to be the future of work" etc. Now the exit was 10x lower than their max valuation.

    Great whiteboarding tool though.

    by jtwaleson

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