Luca Ferrari
Luca Ferrari is the co-founder and CEO of Bending Spoons, a Milan-based technology company that acquires and operates digital businesses such as Evernote, Meetup, Vimeo, and AOL. He co-founded the company in 2013 with three fellow founders after studying engineering in Denmark and working at McKinsey & Company. Bending Spoons is known for its hands-on approach of acquiring digital products with untapped potential and rebuilding their technology, design, and operations. The company serves roughly 150 million monthly active users and has acquired a string of well-known digital brands.
“We have built over the past decade an operating system of over 50 proprietary technologies to take care of almost everything you need to run a digital business... we buy these companies and then it's almost like we install them on this shared operating system.”
Source→“I've never seen a transaction where the highest price didn't win”
Source→“Bending Spoons went public in July, with CEO Luca Ferrari telling me that 'predictability' is the main characteristic he looks for in an acquisition target.”
“He bought Evernote and he just goes in and he diagnoses these businesses. He's like, where are you overspending? Where are you underspending? What are you doing wrong with the product? And what are you doing wrong with marketing? And he just fixes it. And he's just a killer. And he's taken all of these, what were called web 2.0 businesses, and he's revitalized them, rolled them up and printing cash out of them.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.