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Hundreds of millions in revenue and three acquisitions in 2024 — what’s behind Bending Spoons’ success? | Sifted https://sifted.eu/articles/bending-spoons-italy
by jcynix 9mo ago
Hundreds of millions in revenue and three acquisitions in 2024 — what’s behind Bending Spoons’ success? | Sifted https://sifted.eu/articles/bending-spoons-italy-startup-ipo https://sifted.eu/articles/bending-spoons-italy-startup-ipo
So private equity is behind it.
- torben-friis 9mo agoYeah, but AFAIK that means people buying companies, leaving them with a skeleton crew and milking the remaining users as long as possible. How does that fit with expensive hiring sprees? If anything I’d expect them to be continuously shedding absorbed employees.
- jcynix 9mo agoI guess that companies which get bought might be a bit "overstaffed" from the startup phase or because planned further development. If one removes this staff, you need less people to minimally maintain a running app. But itcs just a guess, you'll loose knowhow too, when drastically reducing your staff.
- a_victorp 9mo agoThey hire at higher pay because they want people that can/are willing to do the job of multiple people
- johnnyanmac 9mo agoAnd often at places cheaper than US talent, so that above average pay in the EU comes out to below average pay overall.
- rcxdude 9mo agoBeing a part of that skeleton crew likely involves different skills to building the product in the first place.