Escrow
topic on 4 shows · 9 statements across 8 episodes
Startup Acquisition Stories 
Starter Story 
Top Founders 
20VC
9 statements about Escrow, every show
Schmidlkoffer sold DuckMath after countering an initial $100,000 acquisition offer
“So I had seen about a year before I decided to sell that a bigger company had bought a smaller game site exactly like mine. So I contacted them and I told them all my stats and then I got low ball at a 100,000 dollars. So I came back with a counter offer. We b…”
Startup Sellers Must Use Escrow to Prevent Asset Theft
“I can't recommend escrow enough so you're safe and secure in your acquisition because the last thing you want to do is take it off platform, have someone randomly say, send me the assets, and then you're left potentially with, you know, no money and no applica…”
Ayoub previously sold two other products directly via an escrow service
“I already sold two, two, two other products. But they were sold directly on, on a screw, but the process wasn't like as much and easy, like we have done with acquired.”
Kundra Bypasses Escrow for Direct Wire on App Sale Due to Trust
“And I think one thing that helped here was like because of our relationship with the buyer, we, you know, we liked it not to go do escrow at all.
Like we just wired the, he just wired the funds.
so that saves a lot of time.”
Gazdecki Strongly Recommends Using Escrow for All Startup Acquisitions
“I highly recommend escrow to everyone.”
Lillicrap: Founders Must Notify Banks Before Receiving Acquisition Payouts
“I would actually make sure that you tell your bank before you're going to do the acquisition that you're going to do the acquisition. That's something I didn't do. And it actually sort of backfired and they were kind of like asking questions. Where's the, wher…”
Achard: Never skip formal escrow services in micro-startup acquisitions
“Like part of it, it's, you know, it's not like a million dollar sale or anything like that, and so we didn't feel like we needed like a real escrow, I guess, which, you know, probably goes right a lot of the time, and I don't recommend it, because if it goes w…”
DeLeo: TrustChain's main revenue will come from escrow and paymaster fees
“Because our main, our business, our main business model is them using our escrow and pay master services. That's where we are a bank where we're modeling on. That's where our main revenue is going to be coming from, where they're at. We're actually acting as t…”