Gazdecki: SimpleInk was recently acquired for a six-figure sum
“I'm here with Daniel, the founder of Simple Inc, who recently got acquired for six figures.”
Daniel Ch: The best way to sell a company is not needing to
“The best way to sell your company is to not have to sell your company, So if you keep on going without selling it, you're perfectly fine.”
Daniel Ch acquires feedback and lead collection SaaS Emojics
“It's called emojics, emojics.com.
It's an online feedback tool.
as a customer, you embedded either on your website or in your emails and your users get a emoji scale.
They use that to give you some feedback and you also do lead generation or email collection.”
Daniel Ch: Emojics seller granted immediate Stripe and ChartMogul access
“What the seller did was immediately, I, so I asked for a bit of info and they've given me access to Google analytics, to chart mogul, to stripe. So I could instantly see through, through their guts, so to speak. I saw every transaction.”
Daniel Ch: Structured Emojics Acquisition as All-Cash Upfront Deal
“And the deal was all cash upfront because let me see. It just felt right given, I think the business one was undervalued and I believe the seller believed that as well.”
Daniel Ch targets $100k-$200k ARR for Emojics in short to medium term
“Hence my answer is I'm looking to get it to 200 K ARR. If this person, Adit is joining me. So a hundred each or a hundred K for I'm going to say myself, but it's actually ourselves, myself and my brother, because we are partners. So either one or the two, this…”
Daniel Ch: Launching podcast to publicly share detailed acquisition metrics
“When I made this acquisition and I announced it, I mean a bit before I said, I want to make a podcast where I share Everything, all the numbers, monthly spreadsheet with revenue, number of users, CAC, LTV, whatever, even my ROI percentage. So, so how far I am …”
Daniel CH is building Price Unlock for SaaS pricing A/B testing
“Price Unlock is being built right now because of a need we have. So we need to A, B test prices. To give a practical example, I don't know whether nine 99, nine 99 sharp, or 10 dollars a month is what would work best for us. And then we also need to localize s…”
Daniel CH: Legit Check is primarily a media company, not tech
“So we are first and foremost a media company, more than a tech company.”
Daniel CH: 25% to 40% of Legit Check customers return
“It's a transactional. So one off people pass one time, but. 25, 40% people of the people come back.”
Daniel CH: Legit Check charges $20 to $100 per authentication
“Anywhere between 20 bucks and a hundred bucks depends on the item, but most of our items are priced at 20 dollars. But if you've got a Hermes Berkey and that's going to be a hundred bucks.”
Daniel CH: Legit Check reached $200k to $220k revenue from May 2020-2021
“What I've checked for that post was that May to May. So May, 20, 20 to May, 20, 21, it was 200,000 and it should actually be a bit more because we made some charges outside of WooCommerce. So let's say 220,000, something like that.”
Daniel CH would reject juicy multiples to keep bootstrapping Legit Check
“Well, probably not going to sell regardless of, even if I'm getting a very juicy multiple because in my head, it could be way more. It just needs to be a slow burn because it's bootstrapped, completely bootstrapped, so no VC money.”
Daniel CH: Legit Check could reach 95% margins without staff
“Well, it's pretty much, we could operate on 95% margins if we fire everybody and do the authentications ourselves.”
Daniel CH: Building wealth is a function of saying no
“Building wealth is a function of saying no.”