Growth
September 2023 XO Recap
Check out the monthly recap report for September 2023.
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Educational posts to learn how to buy companies
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Crafting Your Ideal Micro-Acquisition Profile: Discovering Your Buy Box for Success
This post is for people looking to buy their first company. You could be an entrepreneur with a successful company already and looking to expand or an acquisition entrepreneur looking to buy a business you can operate yourself. Flip Fund We have $485k committed to the Flip Fund (!!!!!). We will
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How To Sell A Micro SaaS Company
How To Sell A Micro SaaS Company This post will take the perspective of a founder looking to sell their (micro) SaaS company. We've been on both sides of the table, most recently selling one of our portfolio companies on Micro Acquire.
Portfolio
Our First Exit!
> If you're here for numbers, I apologize. Perhaps in a later post I can share them but for now, the story will have to be enough. This week marks the first time XO has ever bought, operated, and sold a company. Yeah, basically most of your money comes from the
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WIP Thesis
It may strike you as idiotic to start a fund without at thesis. We didn't. We started out with a narrow thesis and dropped it quite quickly. We were going to buy no-code tools. Anything that used to require a developer but now could be built without one would have
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The Economics of Micro SaaS
Not all SaaS companies have equal margins. Today I wanted to go through each of our products and talk through net margins. It's useful to get a sense of what margins could look like. I also threw in a small productized service to compare it against.
Podcast
Fund Stuff - Episode 1
In the very first episode of Fund Stuff we talk with Roman from Due Dilio and The Business Inquirer newsletter.
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Musings On Operating Models
When you're at the low end of the market like we are, there just isn't that much cashflow to do stuff with. That work is done by you (+ team) or doesn't get done. If you're trying to operate them profitably, you're left in a tough situation.
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Diligence
Diligence is hard. Here are some tactics / useful tips we've used to stumble our way through 3 micro saas acquisitions. Check out our 50+ diligence questions.
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6 Months in - A Few Lessons Learned
We're 6 months into buying micro-saas businesses. Here's the TLDR of our experience so far doing micro acquisitions Do a small one first. Get the obvious metrics in a report daily
Story
Headwinds
trials and tribulations in the land of micro acquisitions.
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Why Acquiring SaaS Companies Is A Lot Like Real Estate Investing
The more people I pitch about our acquisition fund, the more I like comparing what we do to real estate investing.
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Fund Structures
> I received a question on Twitter I thought might be useful for everyone to see the answer to. Disclosures: I'm not a lawyer. I don't play one on TV. Consult a lawyer to make decisions like these and don't listen to me. > Did you buy assets or a company? Did
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Acquisition Marketplaces
To buy a SaaS company, you often comb through hundreds (if not thousands) of listings from acquisition marketplaces. Here's a list of the acquisition marketplaces, what they're good for, and how best to use them.
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Should I Acquire A SaaS Business With $0 Revenue?
Knowing what you want out of an acquisition is half the battle. If you're just looking to acquire cashflow, then the answer is easy: no. Don't buy anything with $0 in revenue because you're in the business of buying revenue!
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How much money does it take to start acquiring companies?
How much money does it take to start acquiring companies? A lot less than you might think. Try with a $5k maximum and get your feet wet before getting into bigger deals.