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We recently sold our bootstrapped SaaS to SureSwift Capital as well. It took us less than two years from founding to exit. I write about it at https://theboots
by arvidkahl 7y ago
We recently sold our bootstrapped SaaS to SureSwift Capital as well.
It took us less than two years from founding to exit. I write about it at https://thebootstrappedfounder.com/from-founding-to-exit-in-two-years-the-feedbackpanda-story/ https://thebootstrappedfounder.com/from-founding-to-exit-in-... . Danielle, my Co-founder, and I did an interview at https://www.sureswiftcapital.com/blog/bootstrapped-saas-founders-sell-business/ https://www.sureswiftcapital.com/blog/bootstrapped-saas-foun... as well. Both articles give some insight into the process of selling the company and how we got it to that point.
Our experience was very positive. We had structured our business to be as sellable as possible, even when we didn't intend to sell it. Having documentation and automation in place at every corner made the due diligence and transition phases a joy.
I see a lot of people in the comments here asking for valuation and structural information. In researching the process before we sold, I had the same questions, and never really found reliable answers. It seems that every transaction is inherently unique. All numbers we throw around, MRR, EBITDA, multipliers, they are thrown out of the window once you look at the actual business, it's internal workings and dependencies.
My suggestion for fellow SaaS bootstrappers who want to sell their business: make sure you can hand it over easily, make sure you are not required (to remain part of the operations), make sure your infrastructure is either easily migrated or well-documented.
You will want to negotiate, as value is in the eye of the beholder.
I am currently writing at length about this whole process. I'll release it on the blog before the end of the month.
- newusertoday 7y agocan you share the range at which your business was acquired?
- arvidkahl 7y agoI can’t. But it was substantial. Like for Tyler, it was life-changing for us. In many ways.
- giarc 7y agoI'll add a simple tip to other builders, use a password manager. When I sold my startup, remembering all the passwords and getting them changed took longer than I would have liked. Additionally, we also lost access to a service because we used "Google login" with name@company.com and in the hand over the new owners deleted name@company.com in G suite. We couldn't access the account since the email no longer existed.