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$BSP

Bending Spoons
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Bending Spoons develops mobile applications and software solutions.

sentiment mix
bull 77%bear 0%neu 23%

signal summary

latest high-conviction thesis
Bending Spoons IPO: serial acquirer compounding via debt, 90% AI-written code, $4M revenue per employee▾

Public primarily to improve debt access (80% of acquisition capital from debt). Acquires distressed tech assets (AOL, Eventbrite, Vimeo), rebuilds with talent/tech. 90% code written by AI using self-hosted models + orchestrator. Revenue per employee grew from $1M to $4M in two years. Sees pipeline of zombie unicorn acquisitions.

luca ferrariT1TBPN2026-07-01
confidence 88 / 100impact High
key themes
  • AI Infrastructure53%
  • AI Economics & Business Models53%
  • SaaS Business Models33%
  • Venture Capital33%
  • Space Economy33%

bull thesis · 17

87 / 100
  • •Hoium sees Bending Spoons as Constellation-style software roll-up at discounted valuations
  • •Bending Spoons building software roll-up from discounted VC orphans
  • •Bending Spoons roll-up model: acquiring legacy SaaS at 2-5x revenue via net dollar retention arbitrage

bear thesis · 0

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  • — none —

mentions · 22

new
Asymmetric Investing by Travis HoiumIs Bending Spoons the Next Big Tech Conglomerate?2 mentions · 2▲ 0▼ 0○ · 4 days ago
0:002:005:007:0010:00
TBPNAll Eyes on Warsh, Space Weapons, DreamMogged, Tomasz Tunguz Joins2 mentions · 2▲ 0▼ 0○ · 9 days ago
0:0023:0047:001:11:001:35:00
Sourcery with Molly O'SheaBending Spoons Founders on Buying Airtable, AOL, Vimeo & Eventbrite1 mentions · 1▲ 0▼ 0○ · 11 days ago
0:006:0012:0018:0025:00
TBPNPacing the Frontier, Perfect Little Angels, Nico Wittenborn IRL, Home Depot with Acquired1 mentions · 1▲ 0▼ 0○ · 11 days ago
0:0017:0035:0052:001:10:00
TBPNYC Demo Day, Spoon = Bent (Again), Boring Company Raises, Apple Duo 2 Predictions1 mentions · 0▲ 0▼ 1○ · 15 days ago
0:005:0010:0015:0020:00
TBPNNvidia’s $500B Compute Deal, Paramount Threatens CA Exit, Musk’s Shortcut to $1T Payday | Diet TBPN2 mentions · 1▲ 0▼ 1○ · last month
0:008:0017:0026:0035:00
TBPNHalf a Trilly, AI Text Watermarks, Paramount Threatens to Bounce, Leo Defends Chilean Frogs2 mentions · 0▲ 0▼ 2○ · 2 months ago
0:0038:001:17:001:56:002:35:00
All-In PodcastGoogle’s AI Brain Drain, SpaceX's Huge Quarter, Airtable’s 90% Collapse, US Data Fuels China AI1 mentions · 1▲ 0▼ 0○ · 2 months ago
0:0016:0032:0048:001:05:00
The InformationWhy SpaceX-Tesla Merger Makes Sense, Airtable’s $1.3B Sale, Claude Code Alternatives1 mentions · 1▲ 0▼ 0○ · 2 months ago
0:002:005:007:0010:00
TBPNBending Spoons Buys Airtable, OpenAI Hits Back at Apple, Spider-Man Ads in BMWs | Diet TBPN3 mentions · 3▲ 0▼ 0○ · 2 months ago
0:005:0010:0015:0020:00
TBPNSpoon = Bent, Apple vs OpenAI, Snap Rips, Ads in BMW, The Most Feared (John B. Quinn) Live2 mentions · 2▲ 0▼ 0○ · 2 months ago
0:006:0012:0018:0025:00
All-In PodcastCan the AI Industry Regulate Itself? Stripe Wants PayPal, China Catches Up, NY Bans Datacenters1 mentions · 1▲ 0▼ 0○ · 2 months ago
0:0010:0020:0030:0040:00
TBPNMetaCloud, Bending Spoons IPO with Founder Luca Ferrari, Fabel Freed, TML Cooking1 mentions · 1▲ 0▼ 0○ · 3 months ago
0:0030:001:00:001:30:002:00:00
20VCSpaceX Launches Largest Ever IPO | OpenAI Files to Go Public | Uber Cuts 23% of HR1 mentions · 0▲ 0▼ 1○ · 4 months ago
0:0017:0035:0052:001:10:00
Invest Like The BestThe Playbook on Buying and Running Companies Forever1 mentions · 1▲ 0▼ 0○ · 11 months ago
0:002:005:007:0010:00