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
A Preamble On Markets I can't title something like this without mentioning how tough the markets have been the past few weeks. I, much like you, have definitely been measuring my stock + crypto portfolio. It's much lighter than it used to be! Luckily I am mostly
💡Keep in mind, these thoughts apply to our small portfolio. My thoughts would shift if we had larger companies that could individually support full time staff. We should build a content factor. There are effectively two activities in company building (at the beginning). There's building and there'
We've been running a micro PE fund for 18 months now. It's a fundamentally different business This week at XO, we had a little bit of a customer support wake up call. Inadvertently, we were prioritizing new code and new features over existing customers. For the
Starting companies with people you've only interacted with online sounds like it shouldn't work. Or at best (worst?) you crypto heads will think "Oh yeah there should be a DAO for that to coordinate between parties who don't trust each other fully"
Timing the market is impossible. Actually I don't believe that at all. Do you remember '08? I was in college, but I remember it well. Kids were dropping out of school bc their parents couldn't pay for it. Friends' parents were losing houses, jobs,
Some days you wake up and nothing material happens. Other days you wake up and Andrew Gazdecki from Micro Acquire puts you on a billboard on a boat in Miami. Life is so rich. XO Total MRR: $19,739 This month, the focus was mostly on raising capital. We went
At the beginning of the month we decided to go out and try to raise $1M in equity into XO Capital. We failed. I'm being a little flippant. I pulled our fundraise. The truth is I just didn't get the terms I expected, and we made
💡All in, this DAO cost me over $600 to set up. It's not California bad but it's still a pretty confusing process (and yes CA will want their $800 pound of flesh). Despite being around for several years now, these DAO products are still pretty rudimentary.