We sold Workclout. It was the one company in the portfolio that no longer fit with our relatively new focus on PLG companies. That's not to say we wouldn't acquire a non-plg type company in the future but it would either have to be: 1. Bigger
We accidentally bought a turnaround. Now, to be clear most of the products we've purchased would fall into the distressed category. 2 have been proper distressed venture deals (former YC companies). But even the tiny ones that are half baked, I'd still consider those distressed. They
If you've been missing my dulcet tones check out my most recent interview with Jaryd Krause from Buying Online Businesses Audio Version Buying Online Businesses Podcast: How To Start Buying & Flipping Small Saas Businesses with Andrew Pierno on Apple PodcastsShow Buying Online Businesses Podcast, Ep How
How to be consistently productive? This is Danny from XO Capital chiming in for this edition of Friday Notes. Productivity is something I've struggled with over the past several years. Shouldn't I have this figured out as a 33-year old? Isn't my job as
What up XO fam. I've had plenty of caffeine this morning so I'm going to be firing from the hip on this one. Example: Guys (and gals). Listen. buying MRR is lovely. Here's proof (and 13 people agreed). If you haven't tried
Staying disciplined is hard. With all the hype around "AI" or more specifically all the hype around gpt-3 enabled products, it's never been more important to stay disciplined with your investing thesis. Moments like these create fortunes. A few of the 2,000 AI writers are
Platform risk is when another company controls your destiny. This week there was a big scare with Twitter's enforcement of a policy they claim had been around for a while. Twitter’s new developer terms ban third-party clients | EngadgetTwitter has quietly updated its developer agreement to make clear
XO is 2.5 years old. We're starting to have some history. Recent milestones include the first ever product we have grown 10x since acquiring it. We bought Screenshot API, our very first acquisition, when it was making $500 MRR. It's now over $5k MRR. $500
When we started two years ago I naively thought I'd read enough Twitter threads to understand that basically all we needed to do to win was: 1. buy good businesses (hard) 2. accumulate excess cash (hardest) 3. redeploy that cash (harder) However, we now have two years of
Hey it's Danny. Happy new year! January 1, 2022 we had 3 full-time employees at XO Capital. Myself, the operator, 1 engineer and 1 support person were operating Sheet.Best, ScreenshotAPI.net and WorkClout. In March 2022 we acquired Inlytics.io. Shortly after, we brought on 2 more
2022 proved XO's business model. We were able to source deals, close them, grow them, and in some cases sell them. We grew to 6 full time people (not including myself and Henry). We joined the 6 figure club and proudly bootstrapped our way to low six figures
It's hard to get anyone to pay for something once they've had it for free. Inlytics, ScreenshotAPI.net, Sheet.Best, and now, Cold DM all have one thing in common: Freemium model We believe companies with a PLG model are great acquisition targets for XO. We