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chase packard

T3 · host / generalist

Founding partner of Marathon Management Partners, an investment firm analyzing public and private market opportunities in software and technology.

1 call·1 name·100% bull·last heard 2 months ago·The Information
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$BSPBending Spoons

Bending Spoons gets great deal buying Airtable at 4.7x revenue multiple

Bending Spoons acquired Airtable at a compelling 4.7x revenue multiple (2.7x equity net of cash) for a business with 500k customers, 80% Fortune 500 penetration, and 20% ARR growth, making it a textbook roll-up win.

The Information2026-08episode →

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  • $BSP

recurring themes

  • SaaS Business Models1
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$BSP
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Bending Spoons
HIGHchase packard·The Information·2 months ago·Why SpaceX-Tesla Merger Makes Sense, Airtable’s $1.3B Sale, Claude Code Alternatives
Bending Spoons gets great deal buying Airtable at 4.7x revenue multiple
Bending Spoons acquired Airtable at a compelling 4.7x revenue multiple (2.7x equity net of cash) for a business with 500k customers, 80% Fortune 500 penetration, and 20% ARR growth, making it a textbook roll-up win.
"Bending spoons got a great deal. It's you know 1.285 85 billion net of cash for a company with 500,000 customers and 80 80% of the Fortune 500 using their product, 480 million in…"
4:56
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SaaS Business Modelsheadwind
AI-native disruption triggers SaaS consolidation wave at depressed multiples
Legacy SaaS companies face a two-track fate: those that raised ahead of fundamentals get rolled up by PE/strategics at 2-5x revenue, while those with AI-commoditized products face deletion; the February 2026 'SaaS apocalypse' wiped $300B in market cap as customers cut seats in favor of AI agents.