Bending Spoons May Benefit From Orphaned Venture-Backed Software Assets

Market commentary highlights a disconnect between venture valuations for high-growth software companies and the prices Bending Spoons may pay to acquire them. The company is described as sometimes being the only serious bidder, allowing it to set the price; one example cited was a software business with $100 million in revenue valued in the billions, contrasted with the possibility of acquisitions at roughly three times revenue.

The analysis argues that venture capital’s consensus- and FOMO-driven cycles leave many funded companies orphaned when founders and investors move on to pursue the next hot category. It says Bending Spoons’ strategy is built around acquiring such under-owned assets, while stressing that it remains uncertain whether this thesis will succeed.

If the strategy works, more buyers could enter the market and push acquisition prices higher. The commentary also predicts that Bending Spoons may acquire highly valued AI companies at ordinary software-acquisition multiples, while distinguishing AI’s transformative technology from the hype cycles surrounding investment.