How does one get acquired

#1

Post by canwest » Sat, May 07, 2011, 1:56 AM UTC

I have a semi successful startup that generates around $650k yearly in profit, I have lost ALL interest in running this business (think Tony Hsieh running Link exchange) I have been running it for 3 years. I have contacted (via email) most websites in similar industries for an acquistion, without much success.

Do you think I should contact a bank or contact VCs to see if they can find us someone that can sell this company for us?

Re: How does one get acquired

#2

Post by Zelex » Sat, May 07, 2011, 1:57 AM UTC

Contact a investment banker. Where are you located?

Re: How does one get acquired

#3

Post by staunch » Sat, May 07, 2011, 2:37 AM UTC

Just an idea: you could possibly find a VC interested in letting you cash out some money and hire a new CEO.

An investment banker is worth a shot, but for something this (relatively) small it might not be too attractive for the best firms.

Re: How does one get acquired

#4

Post by canwest » Sat, May 07, 2011, 3:10 AM UTC

in toronto

Re: How does one get acquired

#5

Post by andrewstuart » Sat, May 07, 2011, 3:33 AM UTC

What sort of business is it?

Re: How does one get acquired

#6

Post by lostbit » Sat, May 07, 2011, 4:05 AM UTC

Have you tried? https://flippa.com/ http://www.dealasite.com/ http://www.websitebroker.com/ http://sitepointmarket.com/

At least Flippa was mentioned here some times. I don't know how theses sites deal with as 650k/year site, but you are trying many options, I guess...

There is also the old discussion about a site value: http://news.ycombinator.com/item?id=355627

PS. You could have added "Ask HN:" in your title. That would probably attract more people to answer you.