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Twitter Warren Buffett’s Berkshire Hathaway loves buying private companies – at a discount to publicly traded share price.
This same playbook is used Silicon Valley VC firms, Wall Street’s elite investors, and sovereign wealth funds.
I’ve personally been investing in Pre-IPOs with some big wins. And I’d like to invite you to join me in the next deal.
Simply go here to get your invitation.
Berkshire Hathaway (NYSE: BRK.B) bought additional shares of a stock that went public just three months ago.
Bending Spoons (Nasdaq: BSP) announced a new $330 million investment from Berkshire this morning. It’s a private placement of 10 million shares at $33 each, which lifts Berkshire’s stake to about 4%.
This is Berkshire’s second investment in the Italian company. It also invested $600 million when Bending Spoons listed on Nasdaq in July. That brings its total commitment to roughly $930 million.
Berkshire also got a good price. The $33 placement price was below Tuesday’s close near $38. Bending Spoons stock was up 35% on Wednesday morning.
Bending Spoons owns Evernote, Vimeo, WeTransfer, AOL, Eventbrite and Airtable. It also just agreed to buy Miro.
The business model is simple.
Bending Spoons buys established digital businesses that have stopped growing. It rebuilds the technology on a shared platform, uses AI heavily, cuts costs and reworks pricing. Then it holds the business forever. It has made more than 50 acquisitions since 2013 and has never sold a significant one.
That should sound familiar. CEO Luca Ferrari calls Berkshire “a longstanding inspiration.” Cash from each acquired business funds the next deal.
The results are hard to ignore.
· Revenue grew from $387 million in 2023 to $1.31 billion in 2025
· Q2 2026 revenue hit $704 million, up 126% from a year ago
Nearly all of that growth came from acquisitions. Organic growth was about 3%. Ferrari has said he optimizes for earnings per share, not organic growth. EPS grew 167%.
What stands out to me is how lean the company runs. R&D plus sales and marketing add up to under 20% of revenue. Many software companies spend several times that. About 60 people run Vimeo. Adjusted operating margins are around 50%.
So why is Berkshire interested in a Milan-based tech company?
It’s probably because Bending Spoons operates like a private equity firm with a value investing philosophy.
The company buys private companies on the cheap. Bending Spoons paid roughly 2.3x annual recurring revenue for Miro and 2.7x for Airtable. Miro was valued at $17.5 billion in 2022. Bending Spoons agreed to pay about $1.36 billion.
Its own stock trades at roughly 11x its current revenue run rate. Every business it buys at 2x to 3x revenue creates more value for its shareholders.
This is where the Berkshire money matters. Co-founder Francesco Patarnello says the deal pipeline “remains strong,” and the new capital adds flexibility to pursue additional acquisitions. The company is currently tracking more than 1,000 potential targets.
Bending Spoons has been on my watchlist. I’ll continue to look for an ideal time to enter a position in this stock.
I want to share a big story with you…
Recently, I visited NYC for 2 days of meetings with a new cybersecurity company. They’re working on a new breakthrough that could protect the world from quantum hacks.
The company is now raising a final private financing. This is happening just a couple months before the Nasdaq IPO. And the deal is open to everyone – without restrictions.
I’m personally investing in the deal. And I thought you might be interested.
Just click here to check it out.
Ian Wyatt
Editor, Daily Profit
P.S. My meeting included an interview from the floor of the New York Stock Exchange. And I’d like to share it with you.