When you build your own business from scratch, you inevitably get attached to it and what it represents for you. However, you can grow out of it too, and want to pursue other ventures.
In those cases, some founders sell their startups. The US-based B2B marketplace MicroAcquire facilitates such sales and purchases and helps the founders connect with potential buyers and find the best way to exit their startups.
How to Sell Your Startup
Usually, selling a business involves a lot of administration and legal maneuvering. MicroAcquire’s mission is to “bring the startup acquisition market together, with trust, transparency, and ease of use.” Founded in 2020, it raised $5m at an $80m valuation last year. Currently, the platform has over 100,000 registered buyers and over 2,000 founders. There are no commission fees.
The premise is indeed simpler than a traditional startup sale. Instead of hiring agents or brokers and going through tough formalities and negotiations, all the founders need to do is create a MicroAcquire account, provide info about their startup, including metrics (Baremetrics or equivalent) and payment gateways, and explain why they’re selling. Then, MicroAcquire advisors will provide professional support with the formalities if the founder needs it and connect them with buyers. There are no fees for sellers.
https://twitter.com/microacquire/status/1500976109764161543
Buyers on MicroAcquire can search for startups based on their preferences – categories (e.g., SaaS, ecommerce), revenue and profit, and price. They get access to the listings by paying an annual subscription fee. Both sellers and buyers have complete control of the sale process, from negotiations down to fees and terms.
Any business’ most important asset is customers. And when a buyer purchases a startup via MicroAcquire, they get access to that asset. What happens next to the business is entirely up to them and their team.
YouTube: How MicroAcquire Works – Buy & Sell SaaS Startups (November 2021)
Photo credit: The feature image is owned by MicroAcquire and has been provided for press usage.
Source: Crunchbase
