How Bending Spoons Built a $20 Billion Compounder | Luca Ferrari

Can relentless optimization create as much value as breakthrough invention? Bending Spoons CEO Luca Ferrari argues that radical innovation can produce extraordinary outcomes, but systematic improvement can be more dependable, especially when paired with a model designed to compound over decades. Speaking with a16z General Partner Anish Acharya at Wave by Vento, Luca explains how Bending Spoons acquires technology companies, integrates them onto a shared platform, improves their economics, and reinvests the resulting cash into new acquisitions. They discuss the tradeoffs between growth and profitability, how to use debt without putting the company at risk, and...