Got a $180K offer for my app. Should I sell?
brightjourney.com
Got a $180K offer for my app. Should I sell?
1–6 of 6 posts
Re: Got a $180K offer for my app. Should I sell?
#2What is your current advertising budget.
If your current revenue is the result of minimal / no advertising then why not try allocation a little more funds there and see the results.
Is there any scope for improvement to your product other than bug fixes ?
Re: Got a $180K offer for my app. Should I sell?
#3(Assuming you make $90k/year)
10x annual revenue I think flies by many investors books and wouldn't seem "outlandish". If need be you could probably meet somewhere in-between 5 and 10x. 2x seems like too low of a multiple.
Re: Got a $180K offer for my app. Should I sell?
#4On a second thought !
looking at your previous questions on hackernews, i now doubt whether you are asking all these questions just to drive traffic to brightjourney ?
Re: Got a $180K offer for my app. Should I sell?
#5(Assuming you make $90k/year) 10x annual revenue I think flies by many investors books and wouldn't seem "outlandish". If need be you could probably meet somewhere in-between 5 and 10x. 2x seems like too low of a multiple.
I don't know if I agree. 10x seems to be the common theme a lot of people quote but I've never personally seen a statement that says this is an established standard (which books are claiming this?). I think there are multiple factors to consider when buying and selling, and claiming 10x annual revenue is standard is fool hardy.
Re: Got a $180K offer for my app. Should I sell?
#6It sounds like a lowball offer to me if it is really that profitable. But can you scale it further is the question.