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Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

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Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

#31
post #26

Earlier quoted context omitted.

At least in the Bay, Luma and Partiful are much bigger than Meetup now.

Interesting. Luma is getting traction in London. Not so much outside.

It's about the user bases - Luma and Partiful are almost entirely professionals in careers like Tech, Finance, or Entertainment (especially LA), and the events almost always vet before accepting people.

This helps ensure a better noise to signal ratio that Meetup simply couldn't provide.

Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

#33
post #29
post #14

IMO, they buy companies, lay off en masse and sell the now sunsetted products. Reminiscent of "Chainsaw" Al Dunlap, but he gutted and then flipped whole companies. I think of them as the bakery outlet store that sells only stale goods.

They also have a very intense workplace culture, I had a manager who was part of Evernote while their site was being laid off by Bending Spoons, and he heard some wild stories, they pay above average for a European tech company (but with geo-fenced brackets), crunch a ton and then crash out at a big new year's party were they fly all their teams to some resort, among other things.

Wow sounds very family friendly!

Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

#34
post #24

Earlier quoted context omitted.

I see a lot of people using https://luma.com/ . I'm sure it's not as big as Meetup but it does have a decent community of users, and you can set up pretty much anything with their free plan.

Luma doesn't do discoverability well unfortunately. Also very tech centric.

I think it depends where you are. SF is all tech stuff but https://luma.com/chicago for example is mostly non-tech.

Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

#35
post #14

IMO, they buy companies, lay off en masse and sell the now sunsetted products. Reminiscent of "Chainsaw" Al Dunlap, but he gutted and then flipped whole companies. I think of them as the bakery outlet store that sells only stale goods.

I guess somebody out there has gotta make the croutons

Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

#36

20VC had an interview with them: https://www.thetwentyminutevc.com/luca-ferrari I came in thinking they would be like PE and just put products on life support sucking all the recurring they can. But it seems they care and improve the products. I think that has merrit.

So first they fire all the staff and then they "care and improve the products"? Who? Who does that? They fired the staff, so who improves the product?

Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

#37
post #3

Per Wikipedia, Bending Spoons owns: AOL, Brightcove, Eventbrite, Evernote, Harvest, Issuu, Komoot, Meetup, MileIQ, Remini, StreamYard, Tractive, Vimeo, and WeTransfer. https://en.wikipedia.org/wiki/Bending_Spoons

You missed filmic. Wow. So these people are the reason why Filmic went overnight from one of my favorite iOS apps to something for the trash heap. my knee jerk reaction is to throw shade at the ppl operating the company but, upon second thought, there's an obvious pattern of them relieving the company from people who knew less how to run (and sustain) it. I haven't used evernote in almost a decade but it actually see…

They're basically the retirement home for once-good apps and services who still serve a dwindling core audience but are not longer growing or even a real contender in their field.

Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

#38
post #14

IMO, they buy companies, lay off en masse and sell the now sunsetted products. Reminiscent of "Chainsaw" Al Dunlap, but he gutted and then flipped whole companies. I think of them as the bakery outlet store that sells only stale goods.

This guy dubbed it “get Komooted”, as they pulled the same trick for used-to-be-great cycling app Komoot: https://bikepacking.com/plog/when-we-get-komooted/

The app quality almost immediately went down the drain after the acquisition by Bending Spoons.

Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

#39

20VC had an interview with them: https://www.thetwentyminutevc.com/luca-ferrari I came in thinking they would be like PE and just put products on life support sucking all the recurring they can. But it seems they care and improve the products. I think that has merrit.

So first they fire all the staff and then they "care and improve the products"? Who? Who does that? They fired the staff, so who improves the product?

They fire everybody and then they bring in way cheaper European developers.

Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO

#40
post #26

Earlier quoted context omitted.

Interesting. Luma is getting traction in London. Not so much outside.

It's about the user bases - Luma and Partiful are almost entirely professionals in careers like Tech, Finance, or Entertainment (especially LA), and the events almost always vet before accepting people. This helps ensure a better noise to signal ratio that Meetup simply couldn't provide.

Interesting point, but I personally didn't find Meetup had a noise issue. You could filter for the right stuff, pretty easily. Also I don't see how Luma/Partiful will avoid this problem eventually.
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