Miro sells for $1.36B with $600M/m ARR as Adam Jacob maps startup's five endings
SumitGup · x · 2026-09-11
Reacting to Bending Spoons buying Miro, Adam Jacob discusses the gap between private and exit valuations: Miro has $600M/month ARR yet sold at a $1.36B enterprise value ($1.79B total with cash). He lays out the five endings for venture-backed companies — public markets, strategic acquisition, revenue acquisition, long-term zombie, or shutting down — and argues Miro's lifetime coincided with a broken IPO window, pushing companies toward cash-rich private markets with looser profitability demands.
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