Airtable peaked at $11.7 billion in 2021. It just sold to Bending Spoons for $1.28 billion in cash — an 89% drop. But t…
From @atlasberry008 on Instagram — 368.5K followers · See full profile →
Airtable peaked at $11.7 billion in 2021. It just sold to Bending Spoons for $1.28 billion in cash — an 89% drop. But this isn’t a failing company. Airtable was doing $480 million in recurring revenue, growing over 20% a year, with 500,000 organizations and 80% of the Fortune 100 as customers. It’s a real business that raised at a number the market never grew into. And now there’s a comp. 2.7 times revenue, with hundreds of companies sitting in the exact same position. My bet: American…
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