Bending Spoons' Luca Ferrari: profitable 5% beats cash-burning 15%

Key points

Key takeaways from a Sourcery clip with Bending Spoons co-founder & CEO Luca Ferrari (September 2026):

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Growth quality over quantity. Luca says Bending Spoons would rather grow 5% profitably than grow 15% by burning cash, because the number alone does not tell you whether value is being created.

"Not really." Asked whether he cares whether a given business grows 15% or 5%, his answer is blunt: not really — the growth rate per se is not what he optimises for.

Why the 15% path fails. If that 15% is achieved by burning a lot of cash for very little profit many years into the future, he would not want it.

Profit funds the machine. He'd rather take the five, and have all that extra cash deployed toward acquisitions that are accretive — tying profitable growth directly to Bending Spoons' buy-and-hold model.

Capital allocation as the real test. The clip frames growth as a means to an end: the cash flow of owned businesses is what funds the next accretive deal, rather than growth being pursued for its own sake.

Read more: Sourcery — Bending Spoons CEO Luca Ferrari: Why 5% Profitable Growth Beats 15% Cash-Burning Growth