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Is Bending Spoons the PE for startups?
by vira28 22d ago
Is Bending Spoons the PE for startups?
- Ekaros 22d agoYes. Buying companies at their actual value and then optimising the and extracting value they can. Considering lot of these startups and how they have acted I don't even consider them anyway evil.
- fakedang 22d agoMore like the vulture PE for startups. It's a solid business model though - get another team to take the risk and develop the app and user base, then when times are tough, buy them out, wring them dry and suck out all the value. In the meantime, don't do any extra feature development on the apps, just run them on maintenance mode with a lean dev team and zero support.