Congrats to getting acquired for such a simple site and idea that provides great value. Inspiring
IndieHackers.com acquired by Stripe
121–130 of 251 posts
Re: IndieHackers.com acquired by Stripe
#122Earlier quoted context omitted.
What do see on your acquisition list in 2017/2018?
It's very hard to know upfront -- what made us interested in Indie Hackers wasn't just the idea per se (we'd thought about it before and looked at other sites in the past), but rather the fact that it was executed so well. There are tons of things that we'd in principle be open to acquiring if the right company existed. In general, we look for small, highly-effective technical teams with a very high bar for execution…
> Indie Hackers is one of those things that came out of nowhere with super high quality everything.
I love that notion. To come out of nowhere with super high quality everything.
Re: IndieHackers.com acquired by Stripe
#123Earlier quoted context omitted.
Your numbers are low. They didn't buy a suburban lawn care business. I'd ballpark >$1m up front and >$250k annual comp with upside going forward, in some mix of cash and stock. Great move by Stripe. Congrats to Courtland for the exit and what seems like a win-win for both parties.
No way it was >$1m. It's specifically because it's not a steady business like suburban lawn care that there is no way it is going for a 2-4x annual rev. It's definitely not going to go for more than that. I'm going to guess they got it for a song with a job for the owner and his brother attached and the promise that they could focus on content and not selling ads.
Would be great to see some facts and numbers not more suburban lawn care anecdotes.
Re: IndieHackers.com acquired by Stripe
#124Earlier quoted context omitted.
I am glad to see that I wasn't the only one who felt that IH were gaming the system and was treating their stories as spam. It does make me suspicious as to if HN admins treat YC alumni more equal than others.
As far as I know IndieHackers is not YC alumni. Stripe is but as far as I know HN admins can't see the future.
> As far as I know IndieHackers is not YC alumni.
https://news.ycombinator.com/user?id=csallen
"...and YC alum (W2011)"
Re: IndieHackers.com acquired by Stripe
#125Congrats to the involved parties, great job, etc. IH is/was, unfortunately, full of unsubstantiated stories and made up numbers, presented by owners trying to upsell their business, without any verification or "hard questions" by the site owner. As we see, this worked. I'm not sure what's the lesson here. Fact-checking is for losers maybe?
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Re: IndieHackers.com acquired by Stripe
#126Earlier quoted context omitted.
I am glad to see that I wasn't the only one who felt that IH were gaming the system and was treating their stories as spam. It does make me suspicious as to if HN admins treat YC alumni more equal than others.
We try hard not to do that. But it's tricky because many YC alumni do interesting work and/or are valued HN contributors and we certainly don't want to penalize them either.
> We try hard not to do that. But it's tricky because many YC alumni do interesting work and/or are valued HN contributors and we certainly don't want to penalize them either.
This sounds like an admission of guilt to me.
Re: IndieHackers.com acquired by Stripe
#127Patrick from Stripe here. I wanted to quickly chime in to emphasize that our goal in acquiring Indie Hackers is to simply ensure that the site becomes as successful as possible. The Stripe upside we're hoping for is that more companies get started and that they're more successful . We already see a very large fraction of new internet companies choose Stripe; we're mainly hoping that Indie Hackers can help us grow the…
Hi Patrick - would you be able to acquire my website as well to "ensure that the site becomes as successful as possible" ? A serious question...
You sorta have to have a useful website for that. Probably need to start with having some way to find your website to figure out whether it's useful!
Re: IndieHackers.com acquired by Stripe
#128Earlier quoted context omitted.
No way it was >$1m. It's specifically because it's not a steady business like suburban lawn care that there is no way it is going for a 2-4x annual rev. It's definitely not going to go for more than that. I'm going to guess they got it for a song with a job for the owner and his brother attached and the promise that they could focus on content and not selling ads.
Would be great to see some facts and numbers not more suburban lawn care anecdotes.
Go on any website selling site like flippa or Latonas and you can see sales prices for lots of similar businesses with similar or higher revenue.
Also the lawn care point wasn't an anecdote it was an example of a generally predictable and steady income stream business vs a blog like this which is neither.
Re: IndieHackers.com acquired by Stripe
#129Congrats to csallen – I have recommended IndieHackers to many a fellow developer, it's a great project!
Re: IndieHackers.com acquired by Stripe
#130First of all, congrats to csallen, I have been following your journey from the day you launched on HN and it was fascinating to follow along. If you haven't read his month in review posts, highly recommended. I hope it's not taboo to speculate on the acquisition price, so here's my take : * extrapolating a $5k/month revenue to a year = $60k/year * acquisition price is roughly 2-4x yearly revenue so $120k to $240k * P…
Your numbers are low. They didn't buy a suburban lawn care business. I'd ballpark >$1m up front and >$250k annual comp with upside going forward, in some mix of cash and stock. Great move by Stripe. Congrats to Courtland for the exit and what seems like a win-win for both parties.
You're ballparking 1 million upfront and >250K for a site that made barely 60K a year? That seems extremely optimistic and emblematic of dot.bomb numbers.