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 about the process. This
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 day. I am now personally funneling
💡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 that there are only
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 moment :) This one is going to be a
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 late bloomer... Of course last week I posted
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 of uneasiness
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% of the
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 anything since. Not that
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 in cash, but still
💡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's selling. If you're
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 typical start-up, this is
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". This is all super interesting, but it's also
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, etc. It was pretty damn clear