Mentioned On
Episode Mentions
This Week in Startups · Aug 5, 2026
Airtable's 80% off value crash: VCs explain why it's still a win | E2321
“Canadian public compounder cited as a 30-year precedent for the SaaS roll-up model Bending Spoons is executing.”
Airtable acquisition by Bending Spoons at 80% valuation discountSaaS valuation compression and zombie decacorn problemVenture capital secondary market strategies and DPI vs TVPI
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TBPN · Aug 5, 2026
Bending Spoons Buys Airtable, OpenAI Hits Back at Apple Over Lawsuit, Spider-Man Ads in BMWs | Diet TBPN
“Referenced as the archetype for Bending Spoons' strategy of acquiring and efficiently operating mature software businesses.”
Airtable acquisition by Bending Spoons at 2.7x ARRSaaS valuation compression and the 'SaaS apocalypse' narrativeLiquidation preferences and employee equity education
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Founders · Jul 10, 2026
#424 Peter Thiel on How to Build a Creative Monopoly
“Mark Leonard's company; founder discovered earned secret that vertical market software companies are undervalued by venture capital”
Creative Monopoly StrategyFirst-Principles Business ThinkingFounder-Led Company Dynamics
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Excess Returns · May 6, 2026
The Last Moat | Chris Mayer and Ian Cassel on the Stock Picking Edge AI Can’t Replicate
“Chris's example of vertical market software company resilient to AI disruption; owns transit systems and similar mission-critical software”
Vertical Market Software vs Horizontal Software ResilienceManagement Team Relationships and In-Person Due DiligenceMicrocap Stock Survival Rates and Scaling Challenges
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