1. Italian company Bending Spoons has recently quadrupled its valuation to $11 billion, following the acquisition of AOL and a $270 million fundraise.
2. The company is using an unconventional approach by acquiring struggling tech brands like Evernote, Meetup, and Vimeo, aiming to make them profitable through cost-cutting and price increases without plans for resale.
3. Andrew Dumont, founder of Curious, a firm that acquires and revitalizes "venture zombies," believes this strategy will become more common in the future as AI-native startups make older VC-backed software businesses less relevant.