This was a pretty hard week with a lot of work. I think you had the same :)
Agency doing well. Stabilized our revenue flow to $15k MRR. Updated our website with recent projects. I worked on a few of the personally(coding).
For the newsletter, we progressed so far and plan to launch a new landing page early next week. Will announce it on Twitter.
Managed new design and copy for the project I acquired 6 months ago. You will know more below.
Next week I want to prepare a new newsletter web page and create a plan for launching it.
And still building a community with smart, open-minded, and cool founders.
Welcome to the 14 new people joining this week! Feel free to reply to this email and say hello 👋 - replying helps Google realize it’s not spam and helps me learn what topics are important to you!
Prefer Twitter? Come and say hello here.
Now, let's get started 🚀
(Estimated read time: 3 minutes)
When I planned to make my first acquisition, it was worrying.
The asking price was pretty small, $1k at all. But, I didn't know what and how to do, you know.
I liked the startup and the person behind it. Hey Craig!
But when you make something the first time and don't know the founder personally, you lack confidence.
You can see how addon looked before acquisition 👇
After researching how to acquire startups, I created questions to ask and rules to follow.
I reached out to the founder and said that interested in buying. We chatted in Gmail and scheduled a call.
We discussed the app itself, how it all started, how we can transfer assets and make a payment.
Agreed on full price, and the deal happened.
After transferring all assets, I figured out that I wasn't just one buyer. Five buyers scheduled calls and wanted to buy.
Are you wondering why Craig preferred to make a deal with me?
Let me share with you a few insights.
To be short. I prepared for the call.
Before the call, I did two things.
Created a list with questions to ask and carefully tested the app. All features. All corner cases.
A few bugs appeared. And that's was wonderful!
It gave me more things to discuss and better understand the founder.
As a result, he chose me instead of five other buyers.
Because of this high interest and sweet communication.
Right now, the addon evolving, and I plan to launch at the end of the month.
You can check the new design ☝️
All pages will be redesigned, including the landing page.
After being on the buyer side, I figured out all the issues and problems people meet. And I know how to solve them.
To make a successful acquisition as a buyer, you should be highly interested in the startup.
So prepare before the call, write down questions, test the app, write notes, find bugs, etc.
As a seller, there are also things you should make.
Record a demo video. It shouldn't be long, but informative. I plan to write a guide about this.
Create FAQ document or seller notes and send to your potential buyers.
And the last, schedule a call and discuss all details. Don't forget to share your screen!
It will build trust between you and the potential buyer.
A few weeks ago Jaisal and I started developing a new landing page for the newsletter.
It is still under development, but I think you can give it a try.
And don't forget about the problem I want to solve with Microns.
Help founders buy and sell from each other with confidence.
🔥 Asking Price: $5,000
Asking Price: $10,000
🔥 Asking Price: $30,000
🚀Getting a new startup off the ground is super hard.
Here are 5 steps to get your first 100 users for FREE
— Xavier Coiffard (@AngeZanetti)
Jul 7, 2021