Founder of XOXO Capital
I don't know about you guys but September felt weird. Between all the rate hikes, inflation data, stock market drops, and crypto chills it was a tough month for sales. Also feels like nobody in tech is around August and September (myself included this year!). TLDR; September sucked.
We have a deal under LOI right now that we plan on financing via the SBA. I'd like to document that process step-by-step since as far as I can tell, most of the Twitter advice on this is being shilled by charlatans who don't know jack
Apple Podcast Spotify Amazon Let's take a look at why you might want to buy a business vs build one. I've done both. I've exited a company I built from scratch. I lost a lot of hair, but ultimately did get a decent pay
💡Thanks to the 450 new followers and 50 new subscribers. If you're new here, these are XO's notes on buying SaaS companies. Each week I try to break some part of the process down to help others acquire businesses. It is not strictly true to say
I've been having 3 ish conversations a week about people wanting to buy their first business so I thought I'd put everything I know into one post. This isn't that post (sorry ... time) but it's the closest thing to it at the
Highlights: * 💰 Total MRR: ~$26,737 (+/- a few hundred) * 👏 Sold Sentiment Investor! * 🚣 Now at 5 FT employees. Biggest Win: * Sold sentimentinvestor.com - it went to a much better forever home :) Biggest Fail: * churn on inlytics. Inlytics uses a chrome extension to check linkedin for post performance. When anything in
This month I'm working from Santa Teresa, Costa Rica. It's a beautiful one-street town in the middle of the jungle with excellent surf. I feel like I'm about 2 years late to getting on the digital nomad bus. I've always been a
In aesthetics, the uncanny valley (Japanese: 不気味の谷bukimi no tani) is a hypothesized relation between an object's degree of resemblance to a human being and the emotional response to the object. The concept suggests that humanoid objects that imperfectly resemble actual human beings provoke uncanny or strangely familiar feelings
At the tail end of last week, we finalized our sale of Sentiment Investor (SI). It's in much better hands now with a team that can execute on the vision. SI was a tough one for us. We had a bad transition when we bought it, lost 100%
Highlights: * 💰 Total MRR: ~$26,819 (+/- a few hundred) (20% MoM growth) * 👯 Over 66,000 total users under the XO umbrella! * 👏 Danny closed a HUGE deal for WorkClout and doubled MRR! * 🚣 1 new team member! Now at 4 FT employees (excluding founders) Biggest Win: * Danny closed a massive deal for
Highlights: * 💰 Total MRR: ~$22,107 (+/- a few hundred). * 👯 Over 64,000 total users under the XO umbrella! * No new acquisitions or employees Biggest Win: * Adding a new $9.99 plan on Sheet.Best helped drive 19 new subscriptions in one week! Biggest Fail: * Not catching that LinkedIn changed something
💡The Doldrums - a state or period of inactivity, stagnation, or depression. We bought 3 companies in 3 months once. We haven't bought anything in the past 3 months. The last acquisition we did was inlytics.io which is doing well but we just haven't found