Welcome to another week. Bending Spoons, arguably the coolest company in Silicon Valley, has struck again. It has agreed to acquire our favourite form builder and spreadsheet platform, Airtable, for $1.285 billion.
This is more money than Bending Spoons offered for Eventbrite. The difference is that one was a struggling, loss-making business with a couple of impressive quarters, while the other, Airtable, had $480 million in annual recurring revenue as of June.
Since Bending Spoons went public on July 1, it hasn’t performed badly: the shares are up 9.75%, including an impressive 26.5% since the Airtable deal was announced. If you’re actively investing in US equities, I’m curious: would you buy shares in Bending Spoons? What fundamentals would convince you to do so?
Feel free to write back. Let’s dive in.
Originally published by TechCabal.