nico wettenborn

Bending Spoons acquires stagnant venture-backed software companies at ~3x revenue, applies AI-driven efficiency to generate 60-70% EBITDA margins, creating exceptional free cash flow yields; Nico predicts more buyers will emerge if thesis plays out.

Aura's hardware+subscription model taps into the massive sleep health market, validated by Calm's sleep stories driving growth; the ring form factor creates sticky subscription revenue unlike discretionary wellness apps.

RevenueCat powers 60% of new app subscriptions, revealing immense increase in app launches that raises competition and makes venture-scale outcomes harder despite more niches served.

Popcorn builds core telco infrastructure with eSIM and AI call screening, representing deeper technology differentiation than typical consumer apps.

Inversion Space develops hypersonic reentry vehicles for global delivery, secured NASA contract and Anduril Golden Dome partnership, representing defense/space logistics innovation.