4 ms·
Step 1: figure out who the potential buyers are. Competitors? Other's in the same industry who could find a network effect? Who would be uniquely able to ext
by michael_dorfman 17y ago
Step 1: figure out who the potential buyers are. Competitors? Other's in the same industry who could find a network effect? Who would be uniquely able to extract more value out of the site than you were?
Step 2: approach them.
- jimmyrr 17y agoimho, selling for $100k is harder than selling for a few million. Ask yourself why a company would buy you: - are you accretive to existing biz models? - are you disruptive to existing biz models? - do you have amazing technology? <-- i hope not for you, this is always the hardest to sell. In short, I think selling a startup for 100k is like selling a vintage, pristine '71 Ford Pinto. To the exact right buyer, somehere, it might be worth 100k - but to the general population it's worth about the same as a tall latte. Best of luck!
- rrival 17y agoThanks - that's probably why there seems to be such a dip in prices on the aforementioned "site markets." We're definitely not opposed to shifting the decimal point if it'd make things easier ;)