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Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal

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Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal

#94
post #57

I was sad when Airtable bought Airplane.dev because that was a dirty move they pulled. Now let’s see if that’s how they get treated.

Airplane was an awesome product, but I think that was basically just an aquihire. I don't think Airplane had built a sustainable business.

Yeah they folded it in 30 days. It was most definitely a hiring poach thing. We ended up with Windmill.dev

Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal

#95
post #94

Earlier quoted context omitted.

Airplane was an awesome product, but I think that was basically just an aquihire. I don't think Airplane had built a sustainable business.

Yeah they folded it in 30 days. It was most definitely a hiring poach thing. We ended up with Windmill.dev

Windmill looks to have an excellent community around it.

Anyone been bit by it?

Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal

#96

I have a lot of personal stuff in Airtable. It's really nice software but the company has struggled. Omni, their AI agent was terrible, and yet the founders have doubled down on agents with Hyperagents (nee Superagents). I'm sure Notion DBs ate their lunch, but Coda had the best document database integration I've seen, but they got bought by Superhuman. This entire market space is going to be messy for a while.

Coda got acquired by Grammarly who then installed Shishir Mehrotra (Coda CEO) as CEO of Grammarly. They then acquired Superhuman Mail and renamed the whole thing Superhuman. They also acquired Rows to bring a formal spreadsheet into the mix to add to their Coda tables and productivity suite. (Well played.)

I was very surprised to see Airtable sold for reportedly less than what they raised and had assumed AI tailwinds (easy database GUI) would benefit them well. Presumably, this was insufficient to overcome enterprise revenue headwinds and a chilly SaaS financing market.

I do wonder how this might have played differently had their product and API been better engineered as a database for developers through faster read/write and data scale... unnecessary in PLG-focused pre-AI world, but an interesting avenue for agentic growth nonetheless.

Tough break for the Airtable team. It was a great product and I have recommended it often to small business owners over the years.

Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal

#97
post #96

I have a lot of personal stuff in Airtable. It's really nice software but the company has struggled. Omni, their AI agent was terrible, and yet the founders have doubled down on agents with Hyperagents (nee Superagents). I'm sure Notion DBs ate their lunch, but Coda had the best document database integration I've seen, but they got bought by Superhuman. This entire market space is going to be messy for a while.

Coda got acquired by Grammarly who then installed Shishir Mehrotra (Coda CEO) as CEO of Grammarly. They then acquired Superhuman Mail and renamed the whole thing Superhuman. They also acquired Rows to bring a formal spreadsheet into the mix to add to their Coda tables and productivity suite. (Well played.) I was very surprised to see Airtable sold for reportedly less than what they raised and had assumed AI tailwinds…

Correction: It looks like they sold for more than raised: https://x.com/haridigresses/status/2084825945609802079?s=20

Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal

#98
Bummer. Airtable's a killer product and I've been using and evangelizing it for nearly 10 years at this point. Built whole side projects around it (and its API), plus organized a ton of personal information. I've made some custom integrations too which have just kept working without maintenance for years. I've got fairly regular backups of all my data, but still. Hurts my heart a little.

Best case scenario it keeps working without totally jacking up the prices. But also starting to think about long-term alternatives. BaseRow seems reasonable, as does spinning all of my many bases into a single big Django monolith (something I've had in the back of my head for while anyway). But it's been nice not having to micro manage this service. Pretty good mobile app, too. Enjoyed it while it lasted, I guess!

Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal

#99
post #98

Bummer. Airtable's a killer product and I've been using and evangelizing it for nearly 10 years at this point. Built whole side projects around it (and its API), plus organized a ton of personal information. I've made some custom integrations too which have just kept working without maintenance for years. I've got fairly regular backups of all my data, but still. Hurts my heart a little. Best case scenario it keeps w…

Why not simply rebuild what you need with Claude? Airtable seems to me as a prototyping product. Once you know what you want, formulate it as product objectives and ask Claude how it could be implemented from scratch. Dont even give it any ideas about Django. Just ask it what technologies are sensible for what you need, read and verify its answers, lock in a stack, plan your features and implement them.

You will be surprised how many things you could not fix in Airtable or where awkward workarounds can be solved much more elegantly if you (or Claude) consider them straight in the design phase. Just make sure to start with your objectives and _maaaybe_ desired workflows to avoid biasing Claude too much and that you end up rebuilding Airtable.

Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal

#100
post #69
post #8

I had some thoughts but for context. Basically, widely reported Airtable's 2026 reported ARR was close to $500M. they sold at a ~3x multiple assuming it went flat/down~~. They had raised $1.4B (total latest around 770M) in funding I am not sure for what?? and had ~1B in cash (according to some online sources)?? Now I have no idea what this is even about, maybe all investors wanted out?

I strongly suspect a big chunk of their revenue was enterprise where it was probably used as a CRUD app / Access replacement with proper controls. That's low hanging fruit for Claude and friends, so their renewals/ARR must have started dropping off and they sold while the selling was good.

I suspect most enterprises aren’t Claude-ing up in house replacements for tools like this, for the same reason most enterprises are using cloud providers rather than managing their own data centers. A big part of what they’re paying for is to make it “Somebody Else’s Problem” for something they don’t consider a core competetency.
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