this post was submitted on 13 Jul 2023
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Asklemmy
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Somebody offered to buy the company I founded....and we sold it!
Was a fun experience to go through and now I have a decent nest egg to fall back on in case something else I do doesn't work out.
It was mostly luck, but the company that bought us still uses the product today, so I guess it was a good deal for all involved.
How old was the company? What industry? How many staff? Much revenue?
I want to get started on something, but there seems to be a well established and well funded competitor operating locally for every bloody idea haha
I feel you, I just started my second venture and it's a doozy trying to find that sweet spot of new idea and something someone will actually buy/use.
To answer your other questions: about 2 yrs old, healthcare technology, like 4 of us, minimal revenue but growing 20% or so MoM. I would have classified us as an early stage startup. If we didn't get acquired, we probably would have tried to raise a seed round soon after.