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How does one get acquired
I have a semi successful startup that generates around $650k yearly in profit, I have lost ALL interest in running this business (think Tony Hsieh running Link exchange) I have been running it for 3 years. I have contacted (via email) most websites in similar industries for an acquistion, without much success.
Do you think I should contact a bank or contact VCs to see if they can find us someone that can sell this company for us?
- Zelex 15y agoContact a investment banker. Where are you located?
- staunch 15y agoJust an idea: you could possibly find a VC interested in letting you cash out some money and hire a new CEO. An investment banker is worth a shot, but for something this (relatively) small it might not be too attractive for the best firms.
- canwest 15y agoin toronto
- andrewstuart 15y agoWhat sort of business is it?
- lostbit 15y agoHave you tried? https://flippa.com/ https://flippa.com/ http://www.dealasite.com/ http://www.dealasite.com/ http://www.websitebroker.com/ http://www.websitebroker.com/ http://sitepointmarket.com/ http://sitepointmarket.com/ At least Flippa was mentioned here some times. I don't know how theses sites deal with as 650k/year site, but you are trying many options, I guess... There is also the old discussion about a site value: http://news.ycombinator.com/item?id=355627 http://news.ycombinator.com/item?id=355627 PS. You could have added "Ask HN:" in your title. That would probably attract more people to answer you.