Pullquote: @hc

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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

What I learned in year four of Platformer

The main thing, aside from the dubious hypergrowth of our mailing list, was new paid monthly subscribers. On Substack last year, we saw substantially more readers willing to pay us $10 to try out Platformer for a month. This is likely for a mix of editorial reasons and platform dynamics. On the editorial side, we broke more news last year than we have so far in 2024. That means that last year we were getting in front of more readers, and more of those readers were happy to pay us for our scoops.

#quizlab #churn - platformer.news

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