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Bending Spoons buying Miro for $1.355B

investors.bendingspoons.com

71–79 of 79 posts

Re: Bending Spoons buying Miro for $1.355B

#71

Earlier quoted context omitted.

That’s not Power User, that’s Lazy User: just like how Agile tries to offload the work of managing ticket statuses onto developers, their demand offloaded the work of recording post-it note outcomes onto attendees.

Funny thing, this person is also our SAFe scrum master. So double the laziness in one package.

I often saw the same pattern in engineers who hated Agile and Jira, but then would spend weeks coding automation to avoid one-time drudgery that would have taken a tenth of the time to complete. So I am being careful not to judge “Lazy”, because that’s a normal tendency for any lifeform with energetic constraints, as itself inherently wrong — but it absolutely can be optimized to personal excess at group cost, as I would judge this refusal to use in-person paper tools to be.

Re: Bending Spoons buying Miro for $1.355B

#72

Earlier quoted context omitted.

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.

Yes, I just cancelled my Evernote subscription of 12 years because of the outrageous price increase

Re: Bending Spoons buying Miro for $1.355B

#75

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.

What’s great about it? I shudder every time some product manager sends out a miro link. People should try Kinopio.

it was excellent at whiteboarding remotely.

Re: Bending Spoons buying Miro for $1.355B

#76
post #11

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 pl…

Do they even have the moat to pull the same sort of playbook with Miro? We used to use it for remote retros and whiteboarding, we ended up not renewing because we were already paying for Lucid and there was little added value. I'm curious to know if it was ever as embedded as, say, Jira is, in some companies.

bs would not have acquired them if they did

Re: Bending Spoons buying Miro for $1.355B

#77
post #36

Earlier quoted context omitted.

So they really are like the Private Equity of the software world.

More like following the Computer Associates model, a tale as old as time. Find a mature platform with a captive user population with a fat, lazy management team, buy them out, slash headcount, and open the taps. Someone in the thread mentioned Atlassian, that is a perfect target for this kind of strategy.

ca got out-ca'ed when broadcom (avago) bought them
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