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If the result of those thousands of hours is worth <= 10000 by some valuation method which makes sense to me. More nuanced answer: I have a project that I've b

by jddj 3y ago

If the result of those thousands of hours is worth <= 10000 by some valuation method which makes sense to me. More nuanced answer: I have a project that I've been plugging away at for years now. It may never pay for itself if I value my time at the same rate that I charge it out to others, but in that time it's improved the quality and speed of my other outputs significantly. In that regard it's probably already paid for itself, but I wouldn't sell it because it continues to be valuable to me both in that regard and as a creative outlet. If it were a throw stuff at the wall and see what sticks saas I'd have no problem selling it for a reasonable valuation of future earnings.

collaborative 3y ago
Wish I could edit my comment as I see it has triggered many responses. To me, the effort of closing a deal to sell something that's not losing money isn't worth $10,000. I'd rather keep it alive and let users enjoy it. If I'm losing money, that's a different story, of course. But since selling on Acquire tops at $10,000, I decide that it's not worth my time. I might think differently if instead of $10,000 it was $100,000. That would pay off part of my mortgage. But having to do KT, sign documents, consult with lawyers, do loads of admin for $10,000? No way. I am almost offended
- ryandrake 3y ago
  Maybe people are assuming it's $10,000 net after the cost of lawyers and "admin" or whatever it takes to sell your thing on Acquire. $10,000 is a lot of money, if I had some hobby project that was break even and I was getting sick of dealing with it, I'd even sell it for $1,000, let alone $10,000 which can be life changing!
  - lesuorac 3y ago
    Even if it meant you can't work on something similar to that hobby project again?
    - ryandrake 3y ago
      Probably. OP said he can't get excited about the project, and hates the situation, so sure. For a few grand in the pocket, no big deal. Is this really a standard term for selling a failed business? You can't work on something similar ever again for the rest of your life?

by jddj 3y ago

collaborative 3y ago

Wish I could edit my comment as I see it has triggered many responses. To me, the effort of closing a deal to sell something that's not losing money isn't worth $10,000. I'd rather keep it alive and let users enjoy it. If I'm losing money, that's a different story, of course. But since selling on Acquire tops at $10,000, I decide that it's not worth my time. I might think differently if instead of $10,000 it was $100,000. That would pay off part of my mortgage. But having to do KT, sign documents, consult with lawyers, do loads of admin for $10,000? No way. I am almost offended

ryandrake 3y ago
Maybe people are assuming it's $10,000 net after the cost of lawyers and "admin" or whatever it takes to sell your thing on Acquire. $10,000 is a lot of money, if I had some hobby project that was break even and I was getting sick of dealing with it, I'd even sell it for $1,000, let alone $10,000 which can be life changing!
- lesuorac 3y ago
  Even if it meant you can't work on something similar to that hobby project again?
  - ryandrake 3y ago
    Probably. OP said he can't get excited about the project, and hates the situation, so sure. For a few grand in the pocket, no big deal. Is this really a standard term for selling a failed business? You can't work on something similar ever again for the rest of your life?