Full statement behind title is interesting. I actually agree with the founders - it's easier to make good money acquiring a proven business and improving its financials, than it is starting something and trying to prove to customers it'll work.
You need have the capital from the get go though.
> The numbers seem to agree. According to its SEC filing, “in part helped by progress in AI, revenue per full-time equivalent Spooner increased from $1.12 million in 2023 to $2.57 million in 2025, and was $0.97 million in Q1 2026.”
Is there a typo somewhere?
the last number is for the quarter whereas the rest are annual. if they maintain revenue it will be 3.88m/spooner
That said, everything this company touches turns to crap.
So they buy up aging dinosaurs well beyond their life expectancy and do what exactly? Wring it for every dollar they can? Is there any real innovation going on at Bending Spoons and its subsideries? They sound like slumlords: buy a house that's solid but needs some TLC, renovate using the cheapest, builder grade materials they can find, and then rent it out for way more than what it's worth.