Luca Ferrari On Raising $500 Million To Make Apps That Serve 500 Million Users
Dec 18, 2022
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CEO and co-founder of Bending Spoons, Luca Ferrari, talks about raising $500 million for his technology platform. Topics include his background in engineering, studying abroad, perseverance in entrepreneurship, and advice for launching a company.
Having a grand vision and focusing on building a platform rather than specific products is key to creating a truly remarkable company.
Resilience, determination, and collaborative teamwork are essential in overcoming setbacks and achieving success in entrepreneurship.
Deep dives
Building a Company with a Vision
The guest, Luca Ferrari, shares his journey as an entrepreneur and co-founder of Bending Spoons. He highlights the importance of having a grand vision for building a truly remarkable company. Bending Spoons aims to be an institution of inspiration, creating high-value products and generating incredible job opportunities. They focus on building a platform rather than specific products, specializing in artificial intelligence. Luca also emphasizes the role of tenacity and working with a team during challenging moments.
From Failure to Success
Luca discusses the setback he faced with his previous venture, Evertales, and the resilience that drove him to start again with Bending Spoons. He shares the emotional experience of failing and the transition to a new project. Luca's determination, along with the loyalty and camaraderie among the co-founders, helped them overcome obstacles and maintain confidence. The journey to success with Bending Spoons has been incremental, focusing on continuous improvement and achieving small wins over time.
Scaling Challenges and AI Expertise
Luca explains the recent scaling challenges Bending Spoons faced when one of their apps, Don AI, experienced rapid growth. To support the AI-intensive user demands, they had to scale their GPU infrastructure from 1,000 to 50,000 within two days. This involved close collaboration with Google Cloud and intensive work to ensure seamless operations. Luca also shares Bending Spoons' long-term vision, aiming to create transformational products that change the world and foster personal and professional development within their company.
Luca Ferrari is the CEO and co-founder of Bending Spoons—a technology platform that specializes in giving birth to and scaling digital products and AI startups. He has raised $500 million between secondary sales and debt. The venture has attracted funding from top-tier investors like Intesa Sanpaolo, Banco BPM, Keisuke Honda, and Maximum Effort.
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