Bending Spoons Will Buy Airtable After Steep Fall From $11.7 Billion Peak

Bending Spoons Will Buy Airtable After Steep Fall From $11.7 Billion Peak CAN YOU IMAGINE MAKING $50 MILLION AND IT BEING CONSIDERED A SUBOPTIMAL OUTCOME? THAT IS THE REALITY FOR THE AIRTABLE FOUNDERS TODAY AIRTABLE HAS BEEN BOUGHT BY BENDING SPOONS THE ITALIAN COMPANY FOR $2.25BN Meet Omni, your Airtable AI sidekick. BUT AIRTABLE HAS $965M OF CASH Create an app to manage the campaigns for launching a new product Omni helps builders do what they do best. SO THE REAL VALUE Build powerful apps, solve real problems, IS $1.285BN and embed AI across mission critical workflows. TO BE PRECISE Airtable + Bending Spoons THAT IS A WHOPPING 80%+ DISCOUNT TO THEIR LAST ROUND PRICE OF $11BN SO WHO ARE THE WINNERS AND WHO ARE THE LOSERS FROM THIS TRANSACTION? AS I SAID THEY RAISED $1.4BN WHICH IS THE CORE LESSON THEY JUST RAISED WAY TOO MUCH MONEY BUT WITH THIS OUTCOME THE SERIES C THE SERIES D THE SERIES E AND F INVESTORS WILL ALL MAKE 1X THEIR MONEY SO THAT MEANS THRIVE COATUE GREENOAKS THRIVE CAPITAL COATUE GREENOAKS CAPITAL PARTNERS ALL MAKE THEIR MONEY BACK GETTING INTO THE GREEN WE HAVE CRV THEY LED THE SERIES B AND THEY WILL MAKE A 6X ON THE MONEY THEY INVESTED AT THE SERIES B BUT CRV ALSO LED THE SERIES A AND THEY WILL MAKE A 21X Airtable's Funding Rounds 2015-2021 Feb 2015 Seed - $3M Jun 2015 Series A - $7.6M Mar 2018 Series B - $52M Nov 2018 Series C - $1.1B valuation, $100M raised Sep 2020 Series D - $2.5B valuation, $185M raised Mar 2021 Series E - $5.77B valuation, $270M raised Dec 2021 Series F - $11.6B valuation, $735M raised AND SO IT'S A PRETTY GOOD PAYDAY FOR CRV BETWEEN THOSE TWO ROUNDS BETWEEN THOSE TWO ROUNDS WE HAVE THOSE THAT MAKE EVEN MORE MONEY RAY TON SING AT CAFFEINATED CAPITAL NOW RAY WITH THIS EXIT WILL MAKE A 36X ON HIS INVESTED CAPITAL IT'S A PRETTY GREAT RETURN BUT AGAIN VALUED AT $11BN AND SO THAT WAS EXPECTED TO BE A LOT MORE freestyle.vc Serial Founders. Seasoned Investors. Imagine your dream investor -> FINALLY ON THE INVESTOR THE BIGGEST WINNERS FREESTYLE A SEED FUND IN SILICON VALLEY AND THEY WILL DO 55X THEIR SEED CHECK AND FUN FACT HOWIE THE FOUNDER OF AIRTABLE WAS AN INTERN AT FREESTYLE THEY GOT THE DEAL ALL OF THESE SOUND AMAZING BUT THIS WAS EXPECTED TO BE AN $11BN+ COMPANY AND SO MANY INVESTORS HELD IT 200X - 300X POSITIONS AND IN REALITY IT'S ENDED UP AT BEST BEING A 55X SO A HARSH REALITY FROM WHERE IT WAS IN PEOPLE'S MINDS THE MOST IMPORTANT THE FOUNDERS THEMSELVES HOW MUCH MONEY ARE WALKING AWAY WITH? WELL IT LOOKS LIKE $50M THERE'S THREE FOUNDERS $150M PACKAGE FOR THEM TO BE TAKING AWAY IT'S PRETTY GOOD ON PAPER WITH TAX IT'S 30 AFTER TEN YEARS PLUS HONESTLY IT'S THAT THEY THOUGHT BUT THEY DID TAKE OUT SECONDARY AND IT'S ESTIMATED TO HAVE BEEN A PRETTY GOOD AMOUNT I WOULD BET THAT THEY TOOK OUT MORE IN SECONDARY ALONG THE WAY IN THIS EXIT THE REAL WINNER THOUGH I THINK IS BENDING SPOONS AND LUCA FERRARI WHAT A FANTASTIC DEAL THEY GET A $480M Airtable Bending Spoons ANNUAL RECURRING REVENUE BUSINESS AND THEY PAY JUST 2.7X ARR FOR THAT BUSINESS LUCA FERRARI INCREDIBLE WORK MY FRIEND