Flip Fund Closed

Andrew Pierno

Oct 5, 2023 — 1 min read

After about 4 weeks, we've raised a total of $565k from 11 investors. 9 of them have been avid readers of our blog over the years proving (not for the last time) just how important it is to build and own an audience.

Investors put in $510k, and we put up the rest to get ourselves to a 10% contribution.

With the funds secured we're now ready to go hunt for a target to acquire. The journey continue!

If you're curious about the deck we used check it out here:

Getting Smaller To Get Bigger

💡We have another fresh round of capital to deploy into 1 business at up to $1.8M purchase price. Must be b2b SaaS, low customer concentration, 80%+ gross margins, 50k+ MRR. If you have a tip, pass it along! We're underway with xo 2.0. That means, fewer,

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I'm going to break down how we more than 10x-ed ScreenshotAPI and why this acquisition worked when others didn't. Not everything here is generalizable, but I'll pull out what worked well from our first interactions with the seller to the deal closing a few

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Before we jump in, I was on a pod talking through content, acquisitions, etc: This exit is bitter sweet. Screenshot was our first ever acquisition. We 10x-ed it, and it is really the reason XO exists today. If this first acquisition hadn't gone well, I think I would

Acquisition #12 - Onsched

We've been a little quiet over here as we start rolling out XO 2.0, using outside capital instead of our own cash to acquire larger businesses. It's taken a bit of time from deal #11 to #12. We didn't buy anything for 9

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Getting Smaller To Get Bigger

How to 10x an acquisition

We 10x-ed screenshotapi.net and sold it

Acquisition #12 - Onsched