5 ms·

Have you sold any of your businesses before? If so, how did you seek out businesses to buy yours?

20years 10y ago
I haven't but am considering selling one of the products next year. I plan to go through a Broker. I had a soft offer in the $3 mil range from a big company for that real estate product I mentioned. They reached out to me. I pretty much blew it off because it was in a growth phase and I felt I could grow it more. 6 months later, the real estate market crashed and that product lost 50% of its revenue within a year. In hindsight, I wish I took that offer a little more serious.
- thepredestrian 10y ago
  Unrelated point, but I would do anything (even put school on hold) just to be able to work with a mentor like you. Being a solo founder for niche Saas products is exactly what I aspire to be, and learning from someone who's been there and done that would be a terrific experience
  - jackgolding 10y ago
    these guys do an internship you might be interested in https://empireflippers.com/ https://empireflippers.com/ (caveat: I don't know anything about them)
  - 20years 10y ago
    I will reach out to you at the beginning of the new year. Honestly though if you are interested, I would put you mostly on advertising related stuff. Coding is the easy part, advertising and acquiring users is the hard part. Learning how to advertise a product and acquire users for less than what you are spend is one of the most important pieces of running a SaaS.
    - thepredestrian 10y ago
      Oh wow, that'd be super amazing, and I look forward to that. I wholeheartedly agree that advertising and acquiring users are the most important pieces, and also one of the hardest. Finding a niche and the market to go after (who do I approach? what do I say? what sort of problems can I solve that hasnt already been done? etc) has been a stumbling block, not to mention the fact that I'm far from technically fluent to spin up a basic prototype to demo. As such I kinda put that aspiration on hold and decided to hone my craft in CS / programming in general, so that at least I have a solid, technical base to built off on. Anyhow, I really appreciate your response and am excited to hearing back from you.

I haven't but am considering selling one of the products next year. I plan to go through a Broker. I had a soft offer in the $3 mil range from a big company for that real estate product I mentioned. They reached out to me. I pretty much blew it off because it was in a growth phase and I felt I could grow it more. 6 months later, the real estate market crashed and that product lost 50% of its revenue within a year. In hindsight, I wish I took that offer a little more serious.

thepredestrian 10y ago
Unrelated point, but I would do anything (even put school on hold) just to be able to work with a mentor like you. Being a solo founder for niche Saas products is exactly what I aspire to be, and learning from someone who's been there and done that would be a terrific experience
- jackgolding 10y ago
  these guys do an internship you might be interested in https://empireflippers.com/ https://empireflippers.com/ (caveat: I don't know anything about them)
- 20years 10y ago
  I will reach out to you at the beginning of the new year. Honestly though if you are interested, I would put you mostly on advertising related stuff. Coding is the easy part, advertising and acquiring users is the hard part. Learning how to advertise a product and acquire users for less than what you are spend is one of the most important pieces of running a SaaS.
  - thepredestrian 10y ago
    Oh wow, that'd be super amazing, and I look forward to that. I wholeheartedly agree that advertising and acquiring users are the most important pieces, and also one of the hardest. Finding a niche and the market to go after (who do I approach? what do I say? what sort of problems can I solve that hasnt already been done? etc) has been a stumbling block, not to mention the fact that I'm far from technically fluent to spin up a basic prototype to demo. As such I kinda put that aspiration on hold and decided to hone my craft in CS / programming in general, so that at least I have a solid, technical base to built off on. Anyhow, I really appreciate your response and am excited to hearing back from you.