4 months:
Bending Spoons acquires Vimeo for $1.38B https://news.ycombinator.com/item?id=45197302
Bending Spoons acquires Vimeo for $1.38B https://news.ycombinator.com/item?id=45197302
> Everybody 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
And this is just modern private equity. The whole point is to avoid all those pesky regulations going public brings.
- Group searches consistently return irrelevant results across multiple cities. As a test, I tried searching for soccer groups in Dallas, Texas, and one of the results was for a backgammon group. Users will also often have a hard time finding events I host on Meetup. - An organizer being charged $357.98 per year to host a group on Meetup.com. - The pages for my Meetup events are full of clutter and duplicate data, while relevant information such as RSVPs is hidden. - My Meetup.com home page is full of pointless distractions, including a banner asking me to become an organizer when I already organize events. - When editing an event, Meetup shows an option to generate a description by using generative AI. Generative AI is a scam and I try to avoid it.
That being said, you are right that they are becoming more expensive and ship features faster. I describe Bending Spoons as Italian private equity.