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Private Equity for Apps: Evernote’s Owner Has Big Plans - Bloomberg

As an acquirer, Bending Spoons has a type: distressed businesses with a steady cash flow that sell subscription software. Then it brings in twentysomething coders and data scientists in Italy who add features and sometimes push the limits of what subscribers will pay. To set these apps on a new path, the company often fires the employees it inherited.

#pullquote #quizlab #evernote - bloomberg.com

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