Is that financed by all the other companies they extract from?
They are heavily debt financed I believe, almost $5 billion worth last I checked.
So they really are like the Private Equity of the software world.
Bending Spoons buying Miro for $1.355B
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Re: Bending Spoons buying Miro for $1.355B
#22BS is slowly but steadily growing their userbase. Knowhing how did it go for their other purchases, of which I was using many (Komoot, Eventbrite, Meetup), not a single one has avoided constant nags of prompting for upgrades and dark patterns, so this will most likely end up in a similar way.
As many share, I used Miro and found it quite nice.
Re: Bending Spoons buying Miro for $1.355B
#23Here I was thinking they were talking about the video player
Re: Bending Spoons buying Miro for $1.355B
#24is the $100K ARR quote a typo?
Why would it be a typo? Miro was doing $600M ARR, some of their customers were paying them $100k+ a year. That is totally normal. It would be weird if they did not have such customers.
Re: Bending Spoons buying Miro for $1.355B
#25is the $100K ARR quote a typo?
NO, this is referring to more than 750 customers with (large) $100K ARR, not Miro's ARR in total.
Re: Bending Spoons buying Miro for $1.355B
#26Earlier quoted context omitted.
They are heavily debt financed I believe, almost $5 billion worth last I checked.
So they really are like the Private Equity of the software world.
Yes but focussing more on long-term ownership, as opposed to the usual turn-around and flip or asset stripping methodology.
Re: Bending Spoons buying Miro for $1.355B
#27Tried Miro once. Wasn’t a whiteboard replacement. Wasn’t design software. Wasn’t a PM tool. Even when the Miro power users would bust it out in meetings, it was always so painful to watch. I don’t know what the point of Miro really was. There was a time Figma was doing something similar (FigJam), so maybe there was a trend for a sec. No idea why or how it’s worth over a billion dollars. Anyone reading this going “Noo…
Yeah, me. I've used it every day for years. With a hybrid/remote team it is a fantastic alternative to a physical whiteboard. Whole team uses it. I don't care for or use any of the AI features. I hope the price doesn't go up dramatically.
The price will go up dramatically, that is part of how Bending Spoons works.
Re: Bending Spoons buying Miro for $1.355B
#28Didn't know Uri Geller was an investor now.
Re: Bending Spoons buying Miro for $1.355B
#29Isn't Bending Spoons the one who acquired Vimeo then fired all but a skeleton staff?
Re: Bending Spoons buying Miro for $1.355B
#302xARR is extremely low, I'd like to know why they sold. After being valued at 17B selling for close to ~2B is interesting.