Bending Spoons acquires Vimeo for $1.38B
investors.vimeo.com
Bending Spoons acquires Vimeo for $1.38B
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Re: Bending Spoons acquires Vimeo for $1.38B
#2Bending Spoons has recently been buying aging SaaS companies that have established PMF and customers and decent brands (Evernote, Komoot, WeTransfer, Meetup).
I guess it's mostly a private equity play—usually after being acquired by BS, prices go up, paywalls go everywhere, companies get "more efficient" (aka layoffs) and the product stops evolving.
I wish there was a better outcome for beloved brands with good products that won't experience any more hypergrowth.
Re: Bending Spoons acquires Vimeo for $1.38B
#3Oh no, this is undoubtedly going to be terrible for the companies that built their OTT platforms on Vimeo. E.g. Dropout.tv.
Re: Bending Spoons acquires Vimeo for $1.38B
#4Bending Spoons has recently been buying aging SaaS companies that have established PMF and customers and decent brands (Evernote, Komoot, WeTransfer, Meetup). I guess it's mostly a private equity play—usually after being acquired by BS, prices go up, paywalls go everywhere, companies get "more efficient" (aka layoffs) and the product stops evolving. I wish there was a better outcome for beloved brands with good produ…
I will transfer my remaining domains from Gandi this month.
In case anyone else needed a reminder.
Re: Bending Spoons acquires Vimeo for $1.38B
#5That's a way higher evaluation than I thought after their pivot. I remember in 2012 when I had hope they would succeed as a YouTube competitor. Their staff videos were insanely funny. Sad to see I end like this.
Re: Bending Spoons acquires Vimeo for $1.38B
#6oh the monsters that killed evernote
Re: Bending Spoons acquires Vimeo for $1.38B
#7Oh sweet, does this mean my worthless VEMO is worth something now?
Re: Bending Spoons acquires Vimeo for $1.38B
#8"In September 2022, Bending Spoons acquired FiLMiC[13] and converted its video-recording app FiLMiC Pro to a subscription revenue model.[14] In December 2023, the original FiLMiC team were laid off, and development of FiLMiC Pro was continued in-house by Bending Spoons.[15]
In November 2022, Bending Spoons agreed to acquire Evernote.[16] The acquisition was concluded in January 2023.[17] In July 2023, Evernote laid off all of its existing staff."
Oh great.
Re: Bending Spoons acquires Vimeo for $1.38B
#9Everybody loves to hate BendingSpoon, but there is a lesson here. They consistently rewrite the code of their acquisitions with a tiny team, fire everybody and are able to maintain and improve the product. They basically skip everything but engineers, and they are kept at a minimum. Feedback from users is the products they take over 1) become more expensive, 2) they ship features waaaay faster.
It looks like next generation private equity, and my guess is more houses will start copying them.
Re: Bending Spoons acquires Vimeo for $1.38B
#10Oh no, this is undoubtedly going to be terrible for the companies that built their OTT platforms on Vimeo. E.g. Dropout.tv.
Could you help me understand what Vimeo helps with that's specifically helpful with OTT?