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Great whiteboarding tool though.
BS 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.
Tried 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…
Incredible reponsiveness, UI/UX, and embeddable rich media functionality. Was like Hypercard mixed with whiteboarding and an incredibly traversable canvas.
Isn't Bending Spoons the one who acquired Vimeo then fired all but a skeleton staff?
I have some friends there. Morale in the company was very very low. There were multiple rounds of lay-offs and management went AI crazy. They were desperate to live up to their extreme valuation from 2022. "We have to be the future of work" etc. Now the exit was 10x lower than their max valuation. Great whiteboarding tool though.
Earlier 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.
2xARR is extremely low, I'd like to know why they sold. After being valued at 17B selling for close to ~2B is interesting.
The SaaSpocalypse has hit the post-Covid highfliers, and Bending Spoons is the grim reaper.
I don't suppose there is any big synergy hopes here. They're just identifying companies with relatively sticky enterprise accounts and will milk those.
Tried 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…
I have some friends there. Morale in the company was very very low. There were multiple rounds of lay-offs and management went AI crazy. They were desperate to live up to their extreme valuation from 2022. "We have to be the future of work" etc. Now the exit was 10x lower than their max valuation. Great whiteboarding tool though.
People should try Kinopio.