Keep pulling the thread on Luca Ferrari.
In 2024, Bending Spoons will receive approximately 800,000 unique job applications and hire 250 people, a hiring ratio of about 1 in 3,200.
Bending Spoons' per-share revenue and EBITDA have grown at a compound annual rate of approximately 75% over the past four years.
Bending Spoons projects its revenue will be approximately $1.3 billion for the current year (2024).
Following its acquisition by Bending Spoons, Evernote's user retention is at an all-time high, despite an average price increase of approximately 60%.
Bending Spoons has never been outbid on a company for which it has made an offer.
Luca Ferrari estimates it would take seven to eight years to replicate Bending Spoons' current platform and capabilities, even when starting with full knowledge of the strategy and a billion dollars in funding.
Bending Spoons utilizes proprietary AI to predict the future performance of job candidates based on their CVs, cover letters, and test results.
Luca Ferrari believes AI will widen the operational performance gap between Bending Spoons and most other companies, as Bending Spoons will be at the cutting edge of leveraging the technology.
Bending Spoons' business model is a hybrid, described as 25% private equity and 75% tech company.
Unlike a typical private equity firm, Bending Spoons acquires companies to own and operate them permanently, rather than selling them after three to seven years.
Bending Spoons' post-acquisition strategy involves deep, radical interventions, including changing management teams, rewriting software, re-architecting cloud infrastructure, and rebuilding entire organizations.
Bending Spoons is modeled after Berkshire Hathaway with the ambition of becoming a defining company of its generation.