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One thing that wasn't really covered was: why did you sell? Especially at a 2.4 multiple... It seems like you could have just let it keep running mostly on aut
by LouisSayers 2y ago
One thing that wasn't really covered was: why did you sell?
Especially at a 2.4 multiple... It seems like you could have just let it keep running mostly on autopilot (assuming the team could keep working on improvements)?
- mtlynch 2y agoThanks for reading! I wrote about that in a previous post: https://mtlynch.io/i-sold-tinypilot/#why-sell https://mtlynch.io/i-sold-tinypilot/#why-sell
- sberens 2y agoI'm curious, did you consider hiring a CEO to run the company? Or is the company too small for that?
- mtlynch 2y agoYeah, 2023's profits was $235k,[0] which is good, but it doesn't leave a ton of room to hire some sort of executive to replace me. I don't even know if I'd attract someone qualified if I gave them the entire profit, but at that point, it makes more money to sell than to own a company that's just breaking even with someone else in charge. [0] https://mtlynch.io/solo-developer-year-6/#tinypilot-became-20x-more-profitable https://mtlynch.io/solo-developer-year-6/#tinypilot-became-2...