Bending Spoons & Curious: Reviving 'Venture Zombies'

Buy, Fix, and Hold: Bending Spoons and Curious are revolutionizing the tech industry by acquiring older, venture-backed software companies, revitalizing them, and holding onto them indefinitely. This hold forever strategy is gaining traction as new AI startups make older software companies less relevant. Bending Spoons recently acquired AOL and raised $270 million, quadrupling their valuation to $11 billion. Curious, led by CEO Andrew Dumont, has raised $16 million to buy stalled software companies at a low price and turn them around for strong cash flow.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.