Oh no, this is undoubtedly going to be terrible for the companies that built their OTT platforms on Vimeo. E.g. Dropout.tv.
ThrowawayTestr · 10m ago
Oh sweet, does this mean my worthless VEMO is worth something now?
FinnLobsien · 4h ago
Bending Spoons has recently been buying aging SaaS companies that have established PMF and customers and decent brands (Evernote, Komoot, WeTransfer, Meetup).
I guess it's mostly a private equity play—usually after being acquired by BS, prices go up, paywalls go everywhere, companies get "more efficient" (aka layoffs) and the product stops evolving.
I wish there was a better outcome for beloved brands with good products that won't experience any more hypergrowth.
dude250711 · 3h ago
I will transfer my remaining domains from Gandi this month.
In case anyone else needed a reminder.
alwahi · 31m ago
oh the monsters that killed evernote
42lux · 1h ago
That's a way higher evaluation than I thought after their pivot. I remember in 2012 when I had hope they would succeed as a YouTube competitor. Their staff videos were insanely funny. Sad to see I end like this.
I guess it's mostly a private equity play—usually after being acquired by BS, prices go up, paywalls go everywhere, companies get "more efficient" (aka layoffs) and the product stops evolving.
I wish there was a better outcome for beloved brands with good products that won't experience any more hypergrowth.
In case anyone else needed a reminder.