alt Hacker NewsThey did the same thing with Komoot and other apps. I don't understand where the money comes from and how they are planning to keep this portfolio growing.
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tetris11 • yesterday at 4:56 PM
It's a vampire economy. No one has any new ideas
danelski • yesterday at 5:05 PM
(For Komoot) Did they, though? I am aware of the layoffs, but after that they slightly redesigned the app, collected the poll for next year's requested features, the lifetime maps option is still there to buy etc. If not for HN, I wouldn't have noticed any change in the direction that it's going in.
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It seems to all be debt financed, i.e. just a private equity model slightly specialized for tech. The "innovation" is that Bending Spoons has an in-house engineering team it seems they try to keep constant yet scale out to all the acquisitions. I hadn't looked into them much before, but https://www.colinkeeley.com/blog/bending-spoons-operating-ma... is an interesting report -- though not focused on the finance side.