Reading up on Airtable
5 deep · digging since jan 17
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Takes
A brutal postmortem from an early Airtable employee You don’t often get this level of honesty from insiders Many said it’s still a good outcome but they didn’t invest 8 years of their lives and dreams of something bigger
@KenWattana
Wow. Airtable, founded in 2012 and once valued at $11.7B, is getting acquired by Bending Spoons, founded 2013, at 2.7x ARR. A once hot startup; now an unfortunate victim of the SaaS bust. It raised $1.4B only to be sold for $1.285B EV ($2.25B equity value), just clearing its preference stack. That implies common and early holders split the remaining ~$850M, a ~10x haircut from peak.
@deedydas