3 ms·
If your board of directors wanted you to sell the company to another company to trigger a liquidity event, there is a very real possibility that the product wou
by linuxdude314 7y ago
If your board of directors wanted you to sell the company to another company to trigger a liquidity event, there is a very real possibility that the product would be shut down after the merger completes.
This is a common SaaS M&A strategy we see play out often, and it is not necessarily the CEO's or founders' choice or desire.
There may be cultural differences at play here, but you may wish to tone it down on the absolutism. There's an expression I hear/use frequently.
The idea is under promise and over deliver.
This is a much easier/healthier way to set yourself up and create a positive image for you and your business.
Framing it differently, your company absolutely might fail, BUT if it did, your users data would be safe. This shows a lot of foresight and should alleviate most of the concerns prospective customers may have.
It is better because you're not providing absolute guarantees for scenarios that are outside your locus of control. At some point you will likely have a lawyer who you should run marketing material by before you release it.
- charly1811 7y agoHey! Thanks for checking my app out. All of things you listed above happens a lot you see SaaS companies being sold out all the time I am aware of that. Micro CRM is my very first bootstrapped product and I understand your concerns. My goal with this project and everything else I have in mind is not to sellout eventually but to create solutions for people that need them and make a living that way. At the end of day creating a SaaS, or even you, the user deciding to use my app is a gamble. if you believe this product is the right fit for you I would be delighted to have you as a customer. If not I will gladly take any feedback you will have