3 ms·
Bending Spoons has recently been buying aging SaaS companies that have established PMF and customers and decent brands (Evernote, Komoot, WeTransfer, Meetup).
by FinnLobsien 1y ago
Bending Spoons has recently been buying aging SaaS companies that have established PMF and customers and decent brands (Evernote, Komoot, WeTransfer, Meetup).
I guess it's mostly a private equity play—usually after being acquired by BS, prices go up, paywalls go everywhere, companies get "more efficient" (aka layoffs) and the product stops evolving.
I wish there was a better outcome for beloved brands with good products that won't experience any more hypergrowth.
- dude250711 1y agoI will transfer my remaining domains from Gandi this month. In case anyone else needed a reminder.
- porridgeraisin 1y agoWait why. I'm out of the loop.
- dude250711 1y agoThe founders decided "it had been a wild ride but all journeys come to an end" so the prices and upselling now keep increasing so that the private equity that bought them can see fast short-term gains (the only thing they care about). https://news.ycombinator.com/item?id=35080777 https://news.ycombinator.com/item?id=35080777 https://www.crunchbase.com/acquisition/montefiore-investment-acquires-gandi-net--6d5453d1 https://www.crunchbase.com/acquisition/montefiore-investment... https://news.gandi.net/en/2019/02/futureofgandi-the-adventure-continues/ https://news.gandi.net/en/2019/02/futureofgandi-the-adventur...
- porridgeraisin 1y agoThanks, transferring out now.
- GoToRO 1y agoFor Meetup at least the product did evolved after it got aquired.
- johnnyanmac 1y agoFrom my perspective, it "evolved" to force you to have an account, to aggressively kick off organizers who can't pay for the rising prices of posting, and the search algorithm got worse. I could barely find meetups I knew existed with a direct query.