91–100 of 158 posts
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.
Sounds good. An instant NO is better than a dragged out and expensive NO.
Also, how small the businesses are? What if you're doing 7 figures ARR?
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.
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.
It's listed at the bottom of the page along with 3+ years operations, high margins, simple business, unique, and ethical.
For B2B SaaS and dev tools/infrastructure there is https://xenon.io/ which operates with similar principals it seems.
Earlier quoted context omitted.
> profit too low > important growth metrics > product storytelling Yup. Everything that's wrong with (predominately US) modern business culture. Product doesn't matter, storytelling is. Nothing matters, inflated growth metrics do. Profit doesn't matter unless it's high (for some definition of high), but even that doesn't matter if you have hyperinflated growth metrics.
See also, https://en.wikipedia.org/wiki/Keynesian_beauty_contest It doesn't even matter if the business will have profits, it matters if the business will look to future investors like it will have profits.
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.
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?
Earlier quoted context omitted.
> you have to prove it is stable, profitable, and growing. I just cannot imagine selling my business if everything was pointing upwards like that.. but people are different I guess
I can; it's if you want to cash out now instead of accumulate money over the next twenty years. Plenty of people who do that trick (start a company, cash out) a few times. They call themselves "serial entrepreneurs", which either means the above, or they've left behind a long string of failed businesses.
What happens after Tiny acquisition? Cost cutting?
For B2B SaaS and dev tools/infrastructure there is https://xenon.io/ which operates with similar principals it seems.
(Principles. Lots of people making this error these days. A principal is e.g. of a school, or a loan.)
Principles are ideals you adhere to or uphold. They are also concepts used to implement a design. Principal and principle are homophones, and they are commonly mixed up.
https://www.law.cornell.edu/definitions/uscode.php?def_id=12...
https://www.investopedia.com/terms/p/principal.asp#understan...