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Sounds like the buyer got a terrific deal. There seemed to be rapid growth and interest. Getting any revenue is hard - growing from 700/month to 7000/month can
by throwaway13337 7y ago
Sounds like the buyer got a terrific deal.
There seemed to be rapid growth and interest. Getting any revenue is hard - growing from 700/month to 7000/month can be mostly momentum. Just sitting on it would make more.
Maybe there is more to the story but if not, please hold out with your next project. You'll get low ballers.
I had someone offer me 30k for an app I spent a month building. I would have taken it but he wanted to do a payment plan and I said no way. The project has since grown without much help from me to ~2.5k/month and will likely continue for years. It already made more than the offer.
The ability to sell it is still there at any time and for more money just from the momentum of growth. Once you sell, though, you stop collecting revenue and having the potential of growing it even bigger.
If someone wants it at first, it's likely worth more than they're offering. They know it and you should, too.
- hanniabu 7y agoAt the same time a bird in the hand is worth more than 2 in the bush.
- TAForObvReasons 7y agoNot sure why this is downvoted, "growing from 700/month to 7000/month can be mostly momentum" is trivializing what is more likely a very difficult scaling process, and there is a huge opportunity cost to continue to operating the business as opposed to cashing out and trying the next thing.
- socceroos 7y agoExcept in this analogy the two birds in the bush give you a continuous stream of their eggs.
- flarg 7y agoKilling the golden goose
- rlonn 7y agounless they're both male birds. Perhaps also bad-tempered, shrieking a lot and prone to peck you on the head or take a dump on your shoes. It's amazing how analogies never fail to clarify and raise discussions to new heights!
- hhjinks 7y agoYes, but those two asshole male birds might be celebrities, attracting tonnes of thirsty female, egg-laying birds to your bush. Didn't think of that, did you?
- hanniabu 7y agoYou're hoping it does. There are no guarantees about the future.
- jasonkester 7y agoSaaS maps better to Golden Goose analogies.
- jjeaff 7y agoThat's what a present value calculation is for.
- travbrack 7y agoAre you willing to share the app name?
- robjan 7y agoIn the screenshots, it seems like most of the traffic came from sites like HN and PH so the traffic may not have been sustained in the future.
- jonasft 7y agoi mean in a western country the dude himself is at least worth at minimum a $100.000/yr salary
- kamban 7y agoThis is interesting, I am building a few SaaS products, one has gotten around 4 paid customers. I was thinking to sell it, but maybe I should try to bring in more momentum.