Bending Spoons buying Miro for $1.355B

Bending Spoons is on a buying spree!

Miro acquired my startup back in '21[0], so this is bittersweet as our users will be (eventually) affected by this. Founders and employees at Miro definitely deserve to cash out for their hard work and it's unclear (ie. not publicly known) if they will since this is a 10x down round.

Also weird that they had to sell - they were one of the most established (visual) collaboration platforms out there. I'd be keen on learning about the inside story if it ever gets public.

BS is known for aggressive management of companies they acquire, optimizing for cash flow and revenue, firing most/all of the original team, etc. Their acquisitions before Miro include Airtable, Eventbrite, AOL, Vimeo, Meetup, Evernote ... for at least a few of those, my direct experience with the product afterwards or in chats with their users, the platforms does get enshittified.

Hope that's not a deal here.

[0] https://blog.senko.net/the-story-of-a-web-whiteboard

There are a whole lot of people out there who use Miro for all of their documentation, planning, troubleshooting, etc, in multiple roles. It's a primary tool for many people, like a word processor/sheets/slides on steroids. And the moat they have makes it nearly impossible to take your data elsewhere. It is very entrenched.

Never underestimate what other people find useful that you do not.

Overheard: "The Italian exit"

is the $100K ARR quote a typo?

>by force

Seems like you answered your own question. Obviously there are customers and a revenue stream (I don’t even know what micro is).