alt Hacker NewsWhat I've always found unusual (but not necessarily bad) about BS is ... how come a company that came out of nowhere starts buying tech companies here and there? Billion dollar deals? In cash?
It can't be just a few "enthusiastic" random guys (as they portray), you need a lot of capital to pull that off.
IMO they're someone's family office with an obfuscated name.
Edit: and my comment suddenly goes to the bottom despite having several upvotes ... definitely not sus.
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Someone has actual financial plan. I know a unknown thing for VC and startups. If they do and can calculate reasonable rat of return on acquisition it makes sense for lot of investors. Especially when they start to have proven record.
Having paying customers, stopping giving things away for free and then cutting costs like wages and moon shots projects. A software starts to be tech again. That is marginal unit costs really do work.
Hundreds of millions in revenue and three acquisitions in 2024 — what’s behind Bending Spoons’ success? | Sifted https://sifted.eu/articles/bending-spoons-italy-startup-ipo
They're a Milan, Italy company so don't get a lot of visibility in the US.
Money laundering?
The founder recently went on invest like the best and explained it top to bottom, they started as a broke agency and grew from there quite fast. I forget the details but I would imagine they are financed quite heavily by LP's
https://colossus.com/episode/luca-ferrari-building-bending-s...