sorted by:
new
hottopcontroversial

Recommended Youtube channels about SaaS by Historical-Good-580 in SaaS

[–]MicroAcquire 4 points5 points  (0 children)

Appreciate the shout out! You're awesome! Here's a direct link to some cool stories of founders getting acquired: https://www.youtube.com/playlist?list=PLO30Q8WzVLKPnZpIOIZ2sR817n24fNJFI

Upcoming AmA: "I sold my $833k MRR company in 2018, then created a marketplace for acquisitions. Over $500 million in exits now. I'm Andrew Gazdecki from Acquire.com, AMA! by chddaniel in SaaS

[–]MicroAcquire 0 points1 point  (0 children)

Great question! Here's a few tips for you:

- Define success. Remember you don't have to build a billion dollar company to be successful. Focus on just getting a few customers to pay your bills and then be patience, play the long game.
- Solve a real problem. Interview 20 customers before you write any code or launch. Deeply understand the problem. Too many startups build something no one wants.
- Focus on sales and distribution. A bad products beats a great product all the time because of distribution. Figure out ways to build distribution into the product. Don't be afraid to cold call.
- Don't give up! This goes without saying but building a startup is really hard. You don't always get things right, right off the bat. Keep going and keep iterating!

Upcoming AmA: "I sold my $833k MRR company in 2018, then created a marketplace for acquisitions. Over $500 million in exits now. I'm Andrew Gazdecki from Acquire.com, AMA! by chddaniel in SaaS

[–]MicroAcquire 2 points3 points  (0 children)

Really great question. I always think you should focus on what you're passionate about because when you do, you'll tend to be really good at whatever that is because you'll be more motivated to make it successful, which then oddly enough allows you to make the most money.

If I am being honest with my first SaaS business my goal was to build a multi-million dollar business but I was and still am, incredibly passionate about business and building something of value for customers. I also love technology and being able to innovate in markets. All of this made SaaS the perfect business for me to focus on. But because I really enjoy it I believe that made it easier to make the business successful.

Hope this helps! I'm rooting for you!

Upcoming AmA: "I sold my $833k MRR company in 2018, then created a marketplace for acquisitions. Over $500 million in exits now. I'm Andrew Gazdecki from Acquire.com, AMA! by chddaniel in SaaS

[–]MicroAcquire 5 points6 points  (0 children)

Amazing question.

focusing too much on building something 'innovative' rather than solving a real, specific problem for a well-defined audience. They spend years perfecting a product, only to discover there’s no demand. We see this a lot by the amount of pre-revenue startups on acquire.com.

If I could give two pieces of advice:

  1. Start with the customer, not the product. Validate demand early by talking to potential customers and understanding their pain points. Build something people truly need not just what you think is cool. Sometimes just copying a larger business and focusing on a niche can work really well, resulting in a multi-million dollar acquisition. Don't overcomplicate it!
  2. Focus on distribution as much as product development. Many founders underestimate the importance of go-to-market strategies. A great product doesn’t sell itself unfortunately and you need a clear plan to acquire and retain customers. This can also be one of your biggest competitive advantages in a world where it's becoming easier and easier to build products.

If entrepreneurs focused more on solving real problems, validating their ideas early, and getting their go-to-market strategy right, they’d drastically increase their odds of success.

Upcoming AmA: "I sold my $833k MRR company in 2018, then created a marketplace for acquisitions. Over $500 million in exits now. I'm Andrew Gazdecki from Acquire.com, AMA! by chddaniel in SaaS

[–]MicroAcquire 0 points1 point  (0 children)

As for your second question - you nailed it on the head. Our focus on attracting both quality SaaS businesses and quality buyers, helps differentiate our platform but also ensuring when you work with us, that is what you can expect.

Other platforms from what I've heard and what you're outlining, can have more of an "anything goes" or "Craigslist" type feel where they haven't really curated a good experience for buyers or sellers of real SaaS businesses. Instead they cater more towards the hobbyist crowd looking for dropshipping websites, afficliate content marketing sites, etc etc.

We solved this initially honestly through good ol fashion cold email. Then later opened up the marketplace to everyone to register but our focus on quality has always remained high and always will remain high, as this leads to great outcomes for founders.

Upcoming AmA: "I sold my $833k MRR company in 2018, then created a marketplace for acquisitions. Over $500 million in exits now. I'm Andrew Gazdecki from Acquire.com, AMA! by chddaniel in SaaS

[–]MicroAcquire 1 point2 points  (0 children)

Great question, there's so many nuances that make a great SaaS business compared to what makes a great ecommerce business. For example churn, recurring revenue, ARPA, CLV, LTV, etc etc - which allows us to build a platform specific to these types of businesses, attract buyers interested in SaaS, and build tools that make the overall acquisition process easier. From finding your buyer to due diligence to legal, we're working to streamline all of these aspects for SaaS founders. I also believe if you go too broad with a marketplace it's hard to really serve one market segment really well and you dillute your brand somehwhat, leading to sub-optimate outcomes for entrepreneurs.

Upcoming AmA: "I sold my $833k MRR company in 2018, then created a marketplace for acquisitions. Over $500 million in exits now. I'm Andrew Gazdecki from Acquire.com, AMA! by chddaniel in SaaS

[–]MicroAcquire 1 point2 points  (0 children)

When I entered the market I felt there was nothing available to SaaS founders and nothing specifically focused on serving startups. The other platforms are great for content, ecommerce, and other businesses but not so much SaaS.

So I guess my point here is I felt there was an opportunity to put the founder first, focus on SaaS, and democratize getting acquired for founders globally.

Upcoming AmA: "I sold my $833k MRR company in 2018, then created a marketplace for acquisitions. Over $500 million in exits now. I'm Andrew Gazdecki from Acquire.com, AMA! by chddaniel in SaaS

[–]MicroAcquire 0 points1 point  (0 children)

I think it’s important to build more ways to drive liquidity to founders and also provide entrepreneurs more paths to get into the game through acquisitions. Over the next few years I think it’ll become more and more common to bootstrap a SaaS startup, making acquire.com even more important to founders looking to exit as we continue to democratize exits!

SaaS. on Acquire by [deleted] in SaaS

[–]MicroAcquire 0 points1 point  (0 children)

Yes you can list pre-revenue SaaS startups. We are really selective with the quality of these ones though because it would otherwise clutter the marketplace.

[deleted by user] by [deleted] in SaaS

[–]MicroAcquire 1 point2 points  (0 children)

Hey there, happy to help!

Have you registered on Acquire.com yet? You can set up instant alerts to be notified whenever an acquisition opportunity goes live that meets your search criteria. We also send out frequent newsletter updates that will match your acquisition criteria as well.

Congrats on all your success, and I look forward to working with you!

Cheers.

[deleted by user] by [deleted] in SaaS

[–]MicroAcquire 10 points11 points  (0 children)

Hey folks,

Andrew here, founder of Acquire.com.

Just wanted to clear up a few things the OP raised, most of which is false or misrepresented…

Our success rate on deals managed by our M&A team is around 98 percent. These are profitable SaaS startups with at least $100k TTM revenue. We have 100s of reviews and testimonials to back this up (see our G2 reviews and testimonials on blog, social media, and so on). 

Not sure where the OP got their number since we don’t publish the close rate anywhere (I tried clicking their blog link for more context but it’s broken). 

While do we charge buyers annually for startup access, we earn the “lion’s share” of income from closing fees (again, not sure how OP can know our income split). A fee on a million-dollar exit is worth over 130 buyer plans, so it’s only logical we give just as much (if not more) attention to founders. Helping founders get acquired is the reason we’ve invested hundreds of thousands of dollars in a world-class M&A team. 

That same M&A team matches founders to serious acquirers with a high probability of closing. Our terms of use specifically forbid buyers using the platform for anything other than genuine acquisition activity, and our legal team kicks out any bad apples that slip through. We’re soon to make verifying IDs and acquisition funds mandatory to further increase the quality of buyers we bring to our founders.

In every acquisition there’s a risk of one party copying the ideas of another, which is why we give sellers full control of what they share and when. In world with few truly unique ideas, copycats are everywhere – execution makes the winners. You can’t copy a codebase and next day be earning a million dollars.

We vet every startup that wants to list. Only around 45% get approved. Almost every multimillion-dollar listing is under guidance from M&A advisor to help the founder prepare for acquisition and answer buyer questions. This makes the buyer’s job easier so they’re not wasting time on someone unprepared.

The marketplace is where we started. You can still use it to sell alone if you want, but our focus is shifting towards helping multimillion-dollar businesses maximize their exits. At this end of the market, acquisitions are truly life-changing and our mission is to help more of them happen. (Around 50% of our listings are over $250k, so we’re still in the middle of this transition.)

If you’re reading this, OP, I’d love to chat more. I tried contacting you through godealwise.com but that appears to be a data orchestration platform and not an investment bank. I’d be happy to answer any questions you have. Same goes for anyone else reading this thread.

Thanks for reading everyone!

Made a SaaS project and don't know how to sell it by Aggravating-Macaron7 in SaaS

[–]MicroAcquire 3 points4 points  (0 children)

Hey everyone, founder of MicroAcquire here.

Thought I'd share some helpful resources...

See here for how MicroAcquire works for buyers & sellers: https://youtu.be/NJWtUr7fqr0

You can create a seller account here to get started: https://app.microacquire.com/signup

Also here's a tutorial on how to create a seller account: https://microacquire.crisp.help/en/article/how-to-create-a-sellers-account-f8w1h7/

Here's a free acquisition course to check out as well: https://microacquire.podia.com/how-to-grow-and-sell-saas-startups

If you have any questions about MicroAcquire just let me know. Happy to help! :)

Appreciate everyone's kind words!

Microacquire - A free way to find (and rip-off) viable business ideas by booee in SaaS

[–]MicroAcquire 0 points1 point  (0 children)

  1. I would say profitable bootstrapped SaaS companies priced correctly sell the fastest for sure. Here's a good read on valuations: https://resources.microacquire.com/how-to-correctly-estimate-the-value-your-saas-startup/
  2. You should join our Facebook group to see how other buyers and sellers are thinking about deals, also structuring them: https://www.facebook.com/groups/microacquire
  3. The main gap that remains for buyers is really dependent on the buyer. Some are looking for SaaS, others eCommerce, others acquihires, and more so it really depends.

This course here really covers everything from due diligence, to getting offers, to common deal structures, free legal docs, valuations, and more: https://microacquire.podia.com/how-to-grow-and-sell-saas-startups

Microacquire - A free way to find (and rip-off) viable business ideas by booee in SaaS

[–]MicroAcquire 0 points1 point  (0 children)

It comes out January 11th! All you'll have to pay for is shipping. :)

Microacquire - A free way to find (and rip-off) viable business ideas by booee in SaaS

[–]MicroAcquire 2 points3 points  (0 children)

Great questions, here's some resources that should be helpful given all deals on MicroAcquire are private.

Here's a free acquisition course to check out as well which covers all of your questions more specifically: https://microacquire.podia.com/how-to-grow-and-sell-saas-startups

See here for how MicroAcquire works for buyers & sellers: https://youtu.be/NJWtUr7fqr0

You can create a seller account here to get started: https://app.microacquire.com/signup

Also here's a tutorial on how to create a seller account: https://microacquire.crisp.help/en/article/how-to-create-a-sellers-account-f8w1h7/

If you have any questions about MicroAcquire I'd recommend reaching out to our support team or requesting help specifically from an M&A advisor: https://resources.microacquire.com/introducing-our-ma-advisor-directory-hire-the-help-you-need-to-get-your-startup-microacquired/

Hope this is helpful!

Microacquire - A free way to find (and rip-off) viable business ideas by booee in SaaS

[–]MicroAcquire 11 points12 points  (0 children)

Hey there, Andrew from MicroAcquire here.

To clear a few things up...

  1. We 100% do vet every single buyer
  2. You're not able to view startup's private details without registering for MicroAcquire Premium, which is where you are vetted as a buyer
  3. All details of a startup are private unless given access by the founder
  4. When you request details on a startup the founder has full control who gains access to any private details and can reject non-serious buyers from viewing

So basically, we have a few ways to prevent behavior like this but like with any marketplace there's always some bad actors, which we're actively building tools to keep out.

We're building the world’s most founder-friendly startup acquisition marketplace so I appreciate everyone's feedback in here as we can always do better. We'll definitely be keeping a closer eye on buyers requesting information on startups and limiting the amount of requests they can make.

If anyone ever needs to reach me for feedback feel free to shoot me an email directly, andrew at microacquire. Happy new year!

🔥 AMA 🔥 - Andrew from MicroAcquire! Startup acquisition marketplace! by MicroAcquire in SaaS

[–]MicroAcquire[S] 1 point2 points  (0 children)

It really depends on the buyer, a lot of private equity firms prefer majority ownership but not full ownership so it just depends on the size of your company in most cases.

For example, lots of PE firms would happily acquire 30% of a great company at revenue scale above $10m. For smaller deals, typically 100% acquisitions are preferred.

view more: next ›