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Stop thinking of it in terms of selling a business but focus on growing the revenue or selling the product. In other words make something people want, 25 times
by soheil 5y ago
Stop thinking of it in terms of selling a business but focus on growing the revenue or selling the product. In other words make something people want, 25 times more. The obsession about acquisition price before you even have a product shows you're more interested in making money for yourself than helping others solve a problem. If you sufficiently help others solve their problems you'll likely to be rewarded accordingly.
So if you plan to build a product and charge $10/mo you'll need to have 30,000 active users to sell the company for $10m using a common 33-month revenue multiple. So once you have 30k customers add 720k more to get to $250m.