351–360 of 414 posts
Congrats! I’m also bootstrapping my SaaS business and hope to reach your level one day! Curious about your next steps—are you taking a break, or planning to build another startup?
@paras: Congrats! If you remember we met in Palo Alto when you were thinking about moving to the Bay Area -- I spilled my tea which soiled your t-shirt :-) This is a fantastic outcome. Why not keep going?
Why not keep going? Well, everything comes to an end eventually. Projects are kind of like that - they start and they end.
@paraschopra congrats! Where and how did you go about learning marketing for startups? I am also currently building one and would love some pointers :) Thank you
I'm so so sorry for all your employees right now.
congrats. for the things you achieved and the things you didn't do. you could've given many reasons of not starting e.g i'm in India - I need to move to the US etc, I can't access capital, too young etc. there's a lot of competitors etc. but you took the plunge anyway and got handsomely rewarded for it. congrats for your inspiring journey.
Totally random, but did you use Flourishlib (PHP) at some point ~15 years ago? Your name sounded familiar from a long-ago open source project. Either way, congrats on your hard work and success!
Congrats! What made you not want to take any investments and what was the most counter intuitive thing that made you succeed?
Most counter intuitive thing was to not think I was missing out on anything as we didn't have VCs backing us.
Congrats Paras! ps: Your mental models blog/book should be taught in business schools.
Congratulations! Just curious, usually being purchased by a Private Equity firm spells a death knell for the company. Of course at the right price it makes sense that you wanted to sell it away, but what are your thoughts about what will happen to the company now?
Stylistic note: "knell" is a word for a sound, like the ringing of a solemn type of bell. So something can't be said to "spell a death knell".
knell (noun) 2: “an indication of the end or the failure of something” https://www.merriam-webster.com/dictionary/knell
spell (verb) 2: “to add up to / MEAN”, 3: “come to understand” https://www.merriam-webster.com/dictionary/spell
Examples of the idiom ‘spell a death knell’:
https://www.npr.org/2020/05/28/862658646/the-latest-u-s-blow...
https://www.couriermail.com.au/news/queensland/gladstone/spe...
https://www.mca-marines.org/wp-content/uploads/Machine-Learn...
https://www.protectingtaxpayers.org/international/to-shield-...
This might be a dumb question, for which apologies in advance, but isn't 200 million a little low for a company with $ 50 million revenue? But maybe not, -- the profit is say $20 million and the acquirers are paying 10 X annual profit?
But what I learned in this process is that companies are valued after incorporating many factors (liquidity, earnouts, future involvement, growth rate, profit, retention, current market mood, etc. etc.) and multiples we see reported in media are obviously sit at the outlier curves.
I got a good deal overall (not just monetarily), and that's what I was shooting for.