3 ms·
My SaaS has similar revenue and I've thought about selling to fund other projects. In the past year 3 large companies cold emailed me about selling - one of the
by Jack000 8y ago
My SaaS has similar revenue and I've thought about selling to fund other projects. In the past year 3 large companies cold emailed me about selling - one of them twice from different departments, but after a bunch of emails back and forth none of them went through with it (I've been asking for 5-10x yearly revenue)
I'm not sure if I'm asking for too much or if they're on a fishing expedition, but for now I'm content just running things myself and growing revenue.
- hdpq 8y agoWish you could have had both departments bidding against each other
- philsnow 8y ago5-10x is on the high side for multipliers that I've heard of. 3x is fairly common.
- Jack000 8y agomy thinking is basically: I'm not trying to sell, they're trying to buy - I don't need a quick cash infusion so not selling is my default, but if they want to convince me to sell they should be willing to pay a premium on top of market rate.
- philsnow 8y agoI don't disagree. You're not likely to get a 300% premium over market rates, and you're okay with that. Sounds like everybody wins :)