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> The first $10,000 is cash upfront with no strings attached. > The remaining $20,000 is contingent on Tweet Photo making that much (or more) in revenue within

> The first $10,000 is cash upfront with no strings attached. > The remaining $20,000 is contingent on Tweet Photo making that much (or more) in revenue within 24 months of the acquisition. So it's sold for $10k, and a max €20k revenueshare on a service that currently does 1620/year

outime 6y ago
Yeah, it's a big difference. I hope it's just for views and not that the author sees it that way. Money that's not in your hands isn't yours and may never be yours.
marckohlbrugge 6y ago
That's correct, but it's important to point out the acquirer has an existing app with a user base in the millions it will use to cross-promote Tweet Photo. Based on some initial tests and analysis of Tweet Photo's current funnel, that $20,000 goal seems more than plausible. But you're right in that it's definitely not certain and this type of deal has some inherent risk.
- jbverschoor 6y ago
  It's still a good experience to sell something, and go through the process. Congrats!
  - giarc 6y ago
    I agree, I sold a small Saas and it was a lot of work getting everything in place. It heavily affected my future work and the way I set up the business. Even small things like using a password manager is super helpful when trying to hand over a business.
- OJFord 6y ago
  Have you done something like that before? Did you spend a chunk of your $10k on solicitor/lawyer to arrange it? Not necessarily saying you should have done, just think personally I'd be shy of anything more complicated than 'here give me cash and take this, kthxbye'.
  - pc86 6y ago
    > just think personally I'd be shy of anything more complicated than 'here give me cash and take this You won't find any acquisition more than maybe $5k that is "Here's the cash, thanks and bye."
    - unishark 6y ago
      Eh I think many companies will go an order of magnitude higher than that before they start viewing it as "real money".
  - silexia 6y ago
    I built and sold my side project for 60% more... Write up here... https://joelx.com/how-i-built-sold-my-dropshipping-biz-for-16100/11527/ https://joelx.com/how-i-built-sold-my-dropshipping-biz-for-1...

outime 6y ago

Yeah, it's a big difference. I hope it's just for views and not that the author sees it that way. Money that's not in your hands isn't yours and may never be yours.

marckohlbrugge 6y ago

That's correct, but it's important to point out the acquirer has an existing app with a user base in the millions it will use to cross-promote Tweet Photo. Based on some initial tests and analysis of Tweet Photo's current funnel, that $20,000 goal seems more than plausible. But you're right in that it's definitely not certain and this type of deal has some inherent risk.

jbverschoor 6y ago
It's still a good experience to sell something, and go through the process. Congrats!
- giarc 6y ago
  I agree, I sold a small Saas and it was a lot of work getting everything in place. It heavily affected my future work and the way I set up the business. Even small things like using a password manager is super helpful when trying to hand over a business.
OJFord 6y ago
Have you done something like that before? Did you spend a chunk of your $10k on solicitor/lawyer to arrange it? Not necessarily saying you should have done, just think personally I'd be shy of anything more complicated than 'here give me cash and take this, kthxbye'.
- pc86 6y ago
  > just think personally I'd be shy of anything more complicated than 'here give me cash and take this You won't find any acquisition more than maybe $5k that is "Here's the cash, thanks and bye."
  - unishark 6y ago
    Eh I think many companies will go an order of magnitude higher than that before they start viewing it as "real money".
- silexia 6y ago
  I built and sold my side project for 60% more... Write up here... https://joelx.com/how-i-built-sold-my-dropshipping-biz-for-16100/11527/ https://joelx.com/how-i-built-sold-my-dropshipping-biz-for-1...