Founder of XOXO Capital
💡This post is not a solicitation for investment, but a documentation of our journey raising a fund. Not enough content is out there around tactically how to do this. Hopefully I can change that just a little. Watch: Listen: Spotify Amazon Apple Because I'm a glutton for punishment, about a
Spotify Amazon Apple Watch https://youtu.be/AuPTqBWt-2U Listen The secret elephant in the room of generative AI apps is that almost everyone is seeing insanely high churn levels https://t.co/jUfE1TX8Ws — @levelsio (@levelsio) June 1, 2023 Saas is changing. As we head into a tougher economic environment, I'm
Spotify Amazon Apple This week I just recorded our partner meeting and we just jump right into it. In hindsight I probably should have recorded an intro! Watch: Listen: We are still completing handoff of our largest acquisition to date but were to excited to hold off announcing it for
Spotify Amazon Apple 💡This is just a concept, we're neither raising $ nor soliciting investment. Watch: Listen: I tried to raise $ for a fund for XO once. I failed. Failure To RaiseAt the beginning of the month we decided to go out and try to raise $1M inequity into XO Capital.
Listen: Spotify Amazon Apple Watch: Feeling poetic. apologies in advance. Also speaking of waiting, my Linkedin account got suspended at 10k followers ... not sure what I violated this time but very glad to also be building this newsletter. Platform risk is stressful. There's a prevalent myth that success in business
Spotify Amazon Apple Watch: Listen: This week we completed the acquisition of what was formerly MailBoat and now userping.io Userping - Send Emails easilyUserping makes it easy to send emails to your customers with a simple rich text editorUserpingSaaS Founders, 2023 What's the bet here? This is one of
Watch: Listen: Spotify Amazon Apple We are in the middle of our 9th acquisition (to be announced later). It's not another AI tool although we have 2 of those under LOI right now. So what's going on here? Does XO buy profitable boring saas companies or pre-revenue experiments with no
Spotify Amazon Apple Listen: Watch: https://youtu.be/JbIkoGGhoak Like much of the rest of the world, we're experimenting with AI generated content. Last week, we bought Supportguy.co and needed some blog posts. We used this process to create the first 5 blog posts to seed our blog. The
We delve into acquisition #8 - SupportGuy.co, a micro SaaS that is set to revolutionize customer support with its AI-powered chatbot. This acquisition aligns with our vertical integration strategy, to own and optimize all tools we use to manage our portfolio.
Spotify Amazon Apple Listen: Watch: We're supposed to be buying boring SaaS businesses that cash flow slowly and consistently. On the small end of the market, that's a little challenging to do. Often, the way that plays out is buying a small B2B enterprise SaaS company that does something pretty
Audio Spotify Amazon Apple Video 💡Fun update. Got a cease and desist order from linkedin over one of these giveaways. Looks like they were working too well! I of course complied and am also of course very very sorry. Over the past 4-5 months we began experimenting with giveaways. We've
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 2. After we reach
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 are! You take them
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 To Start Buying
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 it. You should. Hey just FYI buying MRR
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 amazing business. Most will