Evernote. Vimeo. AOL. 📉 Everyone thought these apps were done. One company bought them anyway and built a business worth almost $20 billion. The playbook: 1️⃣ Buy apps that stopped growing, at a huge discount 2️⃣ Cut the team, raise the price 3️⃣ Use the cash (plus a lot of debt) to buy the next one Miro was valued at $17.5B. They’re getting it for $1.36B. 🤯 The catch? It only works if there’s always another app to buy. Which app you use is next? 👇
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Evernote. Vimeo. AOL. 📉 Everyone thought these apps were done. One company bought them anyway and built a business worth almost $20 billion. The playbook: 1️⃣ Buy apps that stopped growing, at a huge discount 2️⃣ Cut the team, raise the price 3️⃣ Use the cash (plus a lot of debt) to buy the next one Miro was valued at $17.5B. They’re getting it for $1.36B. 🤯 The catch? It only works if there’s always another app to buy. Which app you use is next? 👇
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