Everything Chris Tung said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Tung: Solo founder acquisitions offer faster post-sale support than dev teams
“It has been helpful to interact with people who intimately know the product and therefore can help with that kind of post-sale support versus being like, oh, let me go talk to my dev team, blah, blah, blah, blah, blah. It takes forever. And then you don't get …”
Tung: Solo SaaS founders do not need IPOs to achieve lucrative exits
“You know, I think we don't all need to be IPOs. We don't all need to be acquired by like Salesforce or whatever. So having an outlet and an exit strategy that is quite lucrative for those of us that are micro SaaS builders or, you know, solo founders has been …”
Tung: Passive income from Reporty enabled rigid valuation stance during acquisition talks
“The lucky position I was in is that the product is very passive income for me, and so I was pretty rigid in the valuation that I put out, and if A buyer said, I don't think it's worth that much. I was like, great. Good luck on all your other Micro Acquire acqu…”
Tung: Founders should mutually record live video calls to transfer acquisition assets
“And I think what was really important that I would recommend to anyone who goes through a process like this is we did a Google video call Where we record, we both mutually recorded the call, and then transferred everything on the call”
Tung: Escrow.com lacks transparency during acquisition fund transfers
“There's a lack of transparency on that side, and I think what has been wonderful is Microfire has so much transparency on, on the actual relationship building experience”
Tung: Buyer FAQs Help Startup Sellers Filter Out Non-Serious Acquisition Inquiries
“Building an FAQ document, kind of like a pseudo-help center for these buyers, Will allow you to focus more on the buyers that really are serious. And then the ones who you say like, hey, I have some questions. You send them the document. They never get back to…”
Tung: Reporty Was Valued and Sold at a 5x Multiple
“I ultimately picked a five x valuation, which was quite lucrative and helpful for me and then I stood by it”
Tung: Existing Shopify apps lacked Slack UTM and coupon tracking
“There was no way for you to get UTM tracking specifically, and like coupon code redemption data in in your Slack channel from Shopify. There were a lot of apps out there that would do light Shopify to Slack integration, but not what I needed”
ACQUISITION STORIESLEDGER