Gazdecki: Potion.so sold for roughly a 4x multiple
“I think you had like a four X multiple.”
Noah Bragg: Automated Potion.so operations to reduce workload to two hours weekly
“Even with running the business potion, like, at the later ends of it, I was kind of just trying to automate more things and just, like, basically make it so it takes less of my time even with, like, customer support and things like that, and just being able to…”
Bragg: Transferring Stripe accounts requires custom scripts for active subscriptions
“Stripe does have a you know, an easy interface to basically move products over or no, to move customers over. But then we had to like write the code and the script to move all the subscriptions and the payments and that over. And then start those again on the …”
Bragg: Stripe Atlas accounts cannot detach corporate entities during acquisitions
“My corporation entity was like connected to my Stripe account. I think because I use, what is it Atlas or whatever their product is called for that. Yeah. And apparently there's not a way that they can separate that from the whole like Stripe account. And so b…”
Bragg: Lowering Potion's price to $350k generated 25 NDAs and 3 offers
“So after two weeks, I lowered it to 350 K had more people come through. I think I had like 25 ish people sign the NDA to kind of see more data, see more info. And out of that talk to around six people on like a call. And then out of that, three people like act…”
Bragg: Listed Potion.so initially for $400k on Acquire
“I first listed it at 400 K”
Bragg: Version two and new affiliates revived Potion's growth to 6% monthly
“And I made, like, a version two, and I got, like, some new affiliates on board and did a couple different things that kind of put the business on a new trajectory, and that kind of got me out of that plateau where I was starting to grow, like, six percent a mo…”
Noah Bragg: Potion.so almost sold earlier for much less
“I ended up, I actually, I almost did sell at that point. I had a buyer that was interested and it fell through thankfully because it would have been way less than what I ended up selling for.”
Noah Bragg: Potion hit a six-month growth plateau due to churn
“There was like a period, like a year into the business where I kind of hit some plateau and I wasn't really sure why. I mean, I guess it was probably mostly there's some churn issues at that point. So like for six months there, I wasn't really growing. The bus…”