Re:RIP, Harvest
by biglyburrito on Sunday November 08, 2026 @11:47PM
(#50421173)
"private equity needs to think twice before gouging folks these days"
And yet, they never do.
Maybe PE needs some serious ball and chains added to it by the law to prevent playing robber baron with no consequences.
How is that supposed to work when they are often the same people writing the laws?
Re:RIP, Harvest
by CamperBob2 on Monday November 09, 2026 @02:09AM
(#50422091)
As the article points out, the market is in the process of fixing the problem. No violence required.
Re:RIP, Harvest
by sausagefeet on Monday November 09, 2026 @05:08AM
(#50423534)
This law seems really hard to write, doesn't it? And what's Bending Spoons done that should actually be wrong? I could imagine such a law helping them. As a small company, companies Bending Spoons is making opportunity for me to build competing products at a price people actually like (in my case, it's actually IBM, but similar disregard for customers). So please, Bending Spoons, buy more companies so we can get some churn on these companies. As long as we can avoid regulatory capture.
Re:RIP, Harvest
by raverbashing on Monday November 09, 2026 @05:33AM
(#50423730)
What people don't realize is that if the business sold in the first place it's because the original owners weren't being able to make it profit as it should
Economies of scale are a big deal, hence why the comparison between the Stripe fee and Harvey fee is meaningless
(of course you're free to go to the competition or Vibe your own, but then you start noticing the actual cost of the service vs value added)
Business sometimes sell
because the people who own them
just want to move on. It’s not always that they are failing.
I'm guessing the calculation they made was the increase in price times a lower number of customers is the same or higher and requires fewer support "resources" (humans).
Bending Spoon is not owned by a PE, but they act like so. They somehow managed to borrow huge amounts of money from banks and investors on their own and use that money to buy other companies like a PE would do. Did not know Harvest, but Komoot, Vimeo and more, all of them ruined.
The "SaaS is dead" narrative is a bit overblown, but private equity needs to think twice before gouging folks these days.