Bending Spoons entered definitive agreement to acquire Airtable for $1.28B
businesswire.comWhen they had this AI induced relaunch „What do you want to build“ they lost the plot.
I guess their product-market fit was always a bit shallow / broad. Airtable is powerful, and you can do so much with it, but it’s never better than the use case specific alternatives. Opaque pricing and feature gating create a lot of friction as well. Also, these „it can do anything, but you have to set it up yourself“ kinds of apps, always have it hard with true bottom up adoption.
For those curious, peak valuation was Dec 2021: $11.7B
yikes. did not realize their trajectory has been so downwards since 2021
And they had raise $1.4B across 7 funding rounds.
Some more discussion: https://news.ycombinator.com/item?id=49166182
Another soon-to-be-abandonware dead company, after being acquired by BS.
Yep, all Airtable staff should immediately start sending out their CVs. BS has a process: buy, butcher, enshittify, kill, repeat.
It is more like buy, relentlessly milk to exhaustion, butcher when the victim goes dry, repeat.