4 ms·

I haven't listed a startup there yet but I love to browse it to look for deals or see whats in the market. You read stories about major acquisitions in the bil

I haven't listed a startup there yet but I love to browse it to look for deals or see whats in the market. You read stories about major acquisitions in the billions and get the idea of just how good software businesses are, but seeing the tech stacks and fincicals of smaller companies has been eye opening. One thing I've wondered about is how close to asking price they tend to sell for. Maybe there is a filter for recent sales I don't know about. As an aside I too can imagine losing trust after the situation the original poster described and not feeling comfortable using the site after (totally understandable).

cpncrunch 5y ago
In my own case, my business makes a great profit with minimal effort, so I'm in no hurry to sell. I was really just testing the waters. But I think I'll just carry on as I've been doing.
- f0e4c2f7 5y ago
  Completely understandable and I mostly just added that to make it clear that I wasn't disagreeing your reasoning. I think I would have done the same thing in your shoes.
- giantg2 5y ago
  Yeah, I was surprised that there were some apps on there with $25k revenue and $20k profit. Nice margins. I wish I could make $1k per year.
  - cpncrunch 5y ago
    It really depends on the app. I made about $35k last month with about $100 hosting expenses and maybe $500 paypal fees (which I've managed to reduce to a bare minimum by using TransferWise as much as possible). But it's taken over 20 years to get to that point (and my recurring revenue is a fair amount less than that...I had a large one-off source of revenue this month). Having said that I've tried various other ventures over the years, but haven't managed to get anything else to make any traction at all. So I realise I'm actually very lucky (in addition to being persistent and building a product that works well). The best advice I can give is to listen to what customers want.
    - giantg2 5y ago
      Yep. I ended up just leaving my apps as free because they don't make anything really. They are useful, but kind of niche, so the user base is small. I have an idea for another app, but I'd have to teach myself some new skills and find the time to build it. It would probably be a $250k-500k idea tops, but that's also niche. Not to mention it would require some physical hardware too. [Angrily shakes fist at sky] damn real job getting in the way of everything... $35k in a month is a lot. Even if you make that normally over the course of a year, that's awesome.

cpncrunch 5y ago

In my own case, my business makes a great profit with minimal effort, so I'm in no hurry to sell. I was really just testing the waters. But I think I'll just carry on as I've been doing.

f0e4c2f7 5y ago
Completely understandable and I mostly just added that to make it clear that I wasn't disagreeing your reasoning. I think I would have done the same thing in your shoes.
giantg2 5y ago
Yeah, I was surprised that there were some apps on there with $25k revenue and $20k profit. Nice margins. I wish I could make $1k per year.
- cpncrunch 5y ago
  It really depends on the app. I made about $35k last month with about $100 hosting expenses and maybe $500 paypal fees (which I've managed to reduce to a bare minimum by using TransferWise as much as possible). But it's taken over 20 years to get to that point (and my recurring revenue is a fair amount less than that...I had a large one-off source of revenue this month). Having said that I've tried various other ventures over the years, but haven't managed to get anything else to make any traction at all. So I realise I'm actually very lucky (in addition to being persistent and building a product that works well). The best advice I can give is to listen to what customers want.
  - giantg2 5y ago
    Yep. I ended up just leaving my apps as free because they don't make anything really. They are useful, but kind of niche, so the user base is small. I have an idea for another app, but I'd have to teach myself some new skills and find the time to build it. It would probably be a $250k-500k idea tops, but that's also niche. Not to mention it would require some physical hardware too. [Angrily shakes fist at sky] damn real job getting in the way of everything... $35k in a month is a lot. Even if you make that normally over the course of a year, that's awesome.