Why ‘hold forever’ investors are snapping up venture capital ‘zombies’
An investor explains the “buy, fix, and hold” model employed by Bending Spoons and similar companies that buy distressed startups.
An investor explains the “buy, fix, and hold” model employed by Bending Spoons and similar companies that buy distressed startups.
Bending Spoons remains largely unknown, even as its portfolio of products has served more than a billion people.
Wednesday’s news marks a new chapter for AOL, which was once one of the most recognized brands on the internet, known for its email service and “You’ve Got Mail” notification.
The announcement comes as Bending Spoons was interested in a potential takeover of Vimeo as far back as March 2024.