The Playbook on Buying and Running Companies Forever

2025-11-04 · 6 company · 5 thematic

sentiment

5 bull0 bear1 neu

speakers

luca ferrari

Luca Ferrari is the CEO and co-founder of Bending Spoons, a Milan-based technology company that acquires and operates digital businesses forever. He previously co-founded Evertale (failed startup), worked at McKinsey to fund his co-founders, and has built Bending Spoons into a $1.3B revenue compounder with a unique buy-and-hold-forever model.

quote

“We acquire companies as a key engine of growth. 100% acquisitions, no minorities. And then unlike a private equity which would typically look to to sell them 3 5 7 years down the line, we buy off our balance sheet to own and operate foreve…”

—luca ferrari

now playing · $BSP

$BSP···bullish· high· posluca ferrari

Bending Spoons compounds at 75% annually to $1.3B revenue via buy-and-hold-forever model

Bending Spoons acquires digital technology companies to own and operate forever, combining private equity discipline with deep operational expertise. The model enables fluid R&D a…

$EVERNOTEbullish· high· posluca ferrari

Evernote transformed: 250 product improvements, 3-5x faster innovation, 60% price hike with record retention

Bending Spoons acquired Evernote at a 50% premium to other bidders, then completely rebuilt the codebase and cloud infrastructure, achieving 10-100x faster sync speeds. Despite 60…

$MEETUPbullish· medium· posluca ferrari

Meetup pricing overhaul: free tier for organizers plus sophisticated segmentation drives LTV maximization

Bending Spoons introduced a free tier for Meetup organizers while increasing prices for advanced use cases, demonstrating sophisticated pricing segmentation that maximizes user LT…

$AOLbullish· medium· posluca ferrari

AOL is the 5th most used email inbox in the Western world with tens of millions of loyal users

AOL, acquired by Bending Spoons, is a misunderstood asset: a high-quality email and web portal business with tens of millions of active, loyal users. Despite legacy perceptions, i…

$REMINIbullish· low· posluca ferrari

Remini AI photo app acquired pre-ChatGPT, now benefits from generative AI wave

Remini, an AI photo enhancement app acquired by Bending Spoons before the ChatGPT era, has benefited tremendously from the generative AI tailwind, illustrating how early AI-native…

$GRINDRneutral· lowluca ferrari

Bending Spoons lost Grindr bid in 2019 due to capital constraints, taught concentration risk lesson

Bending Spoons pursued Grindr when CFIUS forced its sale by Chinese owners, but lost after a 9-month effort because they capped out on available capital. The experience taught the…