Saastr · 11 September 2026 · Operating Insight

One Thing Miro + Airtable Show: Getting Cash Flow Positive Isn’t Magical

Jason Lemkin, GP @ SaaStr

Bending Spoons' acquisitions of Miro and Airtable—both cash-flush, profitable B2B companies—sold at modest multiples (2.3–2.7x ARR) despite strong balance sheets, showing that cash at the finish line buys runway and downside protection, not valuation premium.

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Topics: Venture Capital & Startups · Enterprise Software

Published by Saastr · their site ↗

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