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Sometimes I wonder whether I should go and try to buy a micro SaaS business (I am an SWE) that's already out there just for the sake of trying to learn the ropes on how to do a business. Convince me this is a bad idea.
That background blue is hideously bright and hurts my eyes when I try to read any text on my desktop monitor. Why hasn't anyone told them that?
More to the point, the people that are generally visiting their website are not the sort of people that would be wasting their time moaning about the colour of a website.
If someone moaned about the colour to them, I'd wager a bet that they'd know to never do a deal with that person.
For B2B SaaS and dev tools/infrastructure there is https://xenon.io/ which operates with similar principals it seems.
I guess that is exactly the kind of stuff you'd expect a SaaS PE firm to do, but it still feels a bit sleazy to me. IIRC the founder reported that from his perspective, they handled the purchase well though.
Sometimes I wonder whether I should go and try to buy a micro SaaS business (I am an SWE) that's already out there just for the sake of trying to learn the ropes on how to do a business. Convince me this is a bad idea.
If you are able to make the right pick and the size of the deal is something you're comfortable seeing go to zero, it may be a good learning experience.
However, you'll be learning to acquire and keep a business alive, not start a business through this. Some things may remain the same depending on the stage of the business but if you're looking for experience starting a business, I think starting on and failing will be better training (and free)
Earlier quoted context omitted.
Similar but different: a company called MicroAcquire[1] facilitate the buying and selling of small companies, though unlike tiny[2], don't acquire them themselves. [1] https://microacquire.com/ [2] https://www.tinycapital.com/
MicroAcquire is just a marketplace, and IMO not that good (as a customer looking to acquire). Tiny is explicitly modeled as a mini Berkshire Hathaway for tech (they also, as a sideline, sell bronze busts of Charlie and Warren). An easy exit for those who don't want to see their work dismembered. They also part-own WeCommerce, a canadian public company doing the same for shopify apps/themes/agencies. (disclaimer, I al…
I'm not affiliated with the company. Just stumbled upon it a few weeks ago and was curious about the deals stats (size of companies, stage, etc.).
Feel free to email me on benjamin@peaceandlove.io if you want to discuss it further.
Tiny is basically as advertised. A few years ago, I tried to sell one of my businesses to them (Zack) and he was straightforward in his reason to pass back then (profit too low). Took about a day once I had my metrics sorted. The experience was positive and re-enforced my understanding of important growth metrics and product storytelling.
Allow me to be cynical for a moment, for the sake of debate: if your business is profitable, why sell it for what Im assuming is going to be low multiple to a non-strategic buyer like Tiny?
Sometimes I wonder whether I should go and try to buy a micro SaaS business (I am an SWE) that's already out there just for the sake of trying to learn the ropes on how to do a business. Convince me this is a bad idea.
Earlier quoted context omitted.
What sort of profits are they looking for? It is a little hard to judge what is "Tiny" when things called "Pre Seed" ( What is that anyway ? ) that goes up to millions.
From $500K to $30MM. It's listed at the bottom of the page along with 3+ years operations, high margins, simple business, unique, and ethical.
Thanks. Somehow I completely missed it.
But Wow that isn't tiny at all to be honest. $30MM profits is massive.
Earlier quoted context omitted.
Unless you plan to a) run the business until it fails, or b) pass it to your offspring, you're going to sell at some point, right? Given that, it makes sense to give at least some thought to what that point might look like before you get there.
I guess you're right; just sounds so sad to sell a company just when things are looking good...