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Hey Rob - Financially speaking (and knowing what you know now) would you do it again? Will you be going through the trash to find your next treasure? Congrat

• rwalling 11y ago
  >>Financially speaking (and knowing what you know now) would you do it again? Absolutely, no questions asked. Several reasons: 1. Acquiring an app with product/market fit puts you ~18 months ahead of starting from scratch. Like most founders, I'm not a very patient person. I'm now working on GetDrip.com, and it took us a long time to hit p/m fit. The slog to get there is the worst part of launching a product, IMO. 2. Financially, this was a game changer for me. During the course of my tenure with HitTail, revenue + the sale prices funded multiple angel investments, the budget for building and launching Drip, and many other things I would not have been able to afford previously. 3. The acquisition and revamp were also game changing for me in terms of what I was able to learn, the content I was able to produce from it (multiple MicroConf talks). Both are important to me. Even without the sale, the learnings and financial rewards were still a major success for me. >>Will you be going through the trash to find your next treasure? I've already started my next one, GetDrip.com. I built it from scratch with a co-founder, and I can't count the times I've said "I'm never going to build from scratch again!" I try not to say "never," but if I could choose build or buy I would buy. Every. Single. Time.
  • dennisgorelik 11y ago
    How do you know that the business you are buying already has product/market fit?