Congratulations!
Thank HN: My bootstrapped startup got acquired today
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Are you planning to write blog post of the journey? It is always joyful to read about process and details about such acquisitions. I remember couple shared in HN and got lots of interest such as waze.
Re: Thank HN: My bootstrapped startup got acquired today
#22Congratulations! Did you reach out or did they?
Re: Thank HN: My bootstrapped startup got acquired today
#23Good for you ! Are you completely exiting the company, or will you still run the product, if only in part ? Are you leaving a team behind ?
I'm very curious about how to approach such a moment. There are so many horror stories where an acquisition ends up being "bad news" for teams and users alike - I hope this won't be the case here !
Re: Thank HN: My bootstrapped startup got acquired today
#24Inspiration for all of us. Congrats!
Re: Thank HN: My bootstrapped startup got acquired today
#25Congratulations Paras! Great milestone. Please share more details for your journey and learnings as a blog post.
Re: Thank HN: My bootstrapped startup got acquired today
#26Amazing, congrats man!!
Re: Thank HN: My bootstrapped startup got acquired today
#27Congratulations. I'm curious... what do people do after something like this? Vacation?
I met someone who was an early employee at King about a year after they were acquired for 5.9b - it’s a little different since he wasn’t involved with the sale, but he was still processing the insane amount of money he had. A year on he hadn’t moved out of his small apartment, still contracted, still used the same cheap phone, and hadn’t started investing beyond just the normal mutual funds/bonds/etc. it struck me as the smartest move, take your time to come up with a plan and don’t just dive into recklessly spending it.
I also know a founder couple I was close friends with who had a sizeable exit, who moved to Costa Rica where they could spend little and focus on writing, a side interest that ended up leading to their next company.
I find it’s really interesting how people act when the financial pressure gets suddenly removed.
Re: Thank HN: My bootstrapped startup got acquired today
#28Could you share your Revenue and EBITDA of last 3 years? I am interested to understand multiplies.
Did you sell all-cash or 51% cash + other?
Re: Thank HN: My bootstrapped startup got acquired today
#29Wow, what an inspiring story? Care to share any stats, such as team size, when you hit your first ARR milestones, or anything else?
Re: Thank HN: My bootstrapped startup got acquired today
#30I put this post in the second-chance pool* as soon as I found out about it, but given that the startup is India, I think Paras might also be, in which case he may be offline for a while! (Edit: and will have rather a lot of responses waiting for him when that changes...)
* https://news.ycombinator.com/pool, explained at https://news.ycombinator.com/item?id=26998308