Andrew Gazdecki

153 statements across 78 episodes · 75 bullish · 17 bearish · 1 people on the record · first statement Nov 15, 2021 by Andrew Gazdecki · across every show →

On the record as a speaker too: Andrew Gazdecki's record, appearances and statements → this page counts the times other people say the name.

Everything said about Andrew Gazdecki, oldest first

Nov 15, 2021 neutral
Insight
Gazdecki: Value growing startups on ARR, and flat startups on EBITDA
“Typically even DAW best in my, from what I've seen when, you know, business isn't growing too much, it's flat or it's just extremely profitable. And then ARR if it's growing.”
Andrew Gazdecki Nov 15, 2021 ▶ 13:44 Startup Acquisition Stories with Christopher Tung - Founder of Reporty
Nov 15, 2021
Disclosure
Gazdecki: MicroAcquire does not plan to charge commissions
“Yeah, no, that's not our plan, so don't worry about that.”
Andrew Gazdecki Nov 15, 2021 ▶ 10:48 Startup Acquisition Stories with Arsen Nurmagomedov Founder of Restpack
Nov 15, 2021 positive
Insight
Gazdecki: First-time buyers should start with small deals to practice the process
“I always recommend something small just to go through the motions of, like, letter of intent. You have a purchase agreement, in between that you have due diligence, then you have transferring of the assets, and then just do it all formally, even if it seems a …”
Andrew Gazdecki Nov 15, 2021 ▶ 21:03 Startup Acquisition Stories with Tara Reed CEO at Apps Without Code
Nov 15, 2021
Disclosure
Gazdecki and Shaan Puri bought a Shopify SaaS with 50% deferred
“We bought a Shopify SaaS application, and we did 50%. I, it was with like a bunch of friends, like Sean Perry from My First Million. I don't know if you ever follow that story, but we had 50% in front, and then 50% after”
Andrew Gazdecki Nov 15, 2021 ▶ 11:21 Startup Acquisition Stories with Landon Bennett Founder of Userfeed
Nov 15, 2021 positive
Insight
Gazdecki: Multi-million dollar sales require M&A advisors to signal buyer seriousness
“If you have a life changing acquisition, especially in the millions, It really does go a long way hiring like a M&A advisor, investment bank just to, it brings insurance, not just to you, but also to the buyer. It's the biggest signal to a buyer that you're se…”
Andrew Gazdecki Nov 15, 2021 ▶ 20:57 Startup Acquisition Stories with Landon Bennett Founder of Userfeed
Nov 15, 2021 positive
Opinion
Gazdecki: $1 in profit beats $100M in seed funding
“One dollar profit is better than a hundred million in seed funding in my opinion.”
Andrew Gazdecki Nov 15, 2021 ▶ 28:06 Startup Acquisition Stories with Landon Bennett Founder of Userfeed
Nov 15, 2021 neutral
Insight
Gazdecki: Having multiple buyers creates leverage to improve price and terms
“If you have one buyer, you have no buyer, so you want to draw in a bunch, and then If you're successful, you can, you know, negotiate and raise up the price or you have leverage on the terms and stuff like that.”
Andrew Gazdecki Nov 15, 2021 ▶ 9:58 Startup Acquisition Stories with Landon Bennett Founder of Userfeed
Nov 16, 2021
Disclosure
Gazdecki: Prioritized favorable deal terms over a larger earnout at Bizness Apps
“I did that with business apps. I optimize for terms rather than like bigger and out and stuff like that.”
Andrew Gazdecki Nov 16, 2021 ▶ 9:09 Startup Acquisition Stories with Derek Homann Co-founder of Workshop
Dec 6, 2021 positive
Insight
Gazdecki: First-Time Acquirers in the Six Figures Should Hire an Expert
“I usually do recommend if it's your first acquisition and it's in like the six figures, it's a very small price to pay to have an expert come in and give you a second opinion and help walk you through the process.”
Andrew Gazdecki Dec 6, 2021 ▶ 4:48 Startup Acquisition Stories with Aaron Stone (Founder) & Zach Hendershot (Managing Partner) from Crux Digital
Dec 6, 2021 positive
Assertion Not checkable as stated
Gazdecki: Existing companies cross-selling products dominate MicroAcquire activity
“This is what I see the most on Microquire, is existing companies acquiring great products to sell to their existing customer base”
Andrew Gazdecki Dec 6, 2021 ▶ 18:23 Startup Acquisition Stories with Aaron Stone (Founder) & Zach Hendershot (Managing Partner) from Crux Digital
Jan 14, 2022 positive
Insight
Gazdecki: Upfront diligence data and responsiveness dramatically boost acquisition odds
“So the fact that the seller had, you know, all the information up front was responsive. Like all those things right there can dramatically increase your odds of being Acquired.”
Andrew Gazdecki Jan 14, 2022 ▶ 7:59 Startup Acquisition Stories with Daniel Ch - Founder of Simple.ink
Mar 14, 2022 negative
Insight
Gazdecki: Overpricing is top reason startups fail to sell on MicroAcquire
“I'd say that's probably the number one reason a lot of companies don't sell microquare is they overpriced and it just stops the conversation from, because the gap is too big to close.”
Andrew Gazdecki Mar 14, 2022 ▶ 9:27 Startup Acquisition Stories with Sujan Patel - Managing Director at Ramp Ventures
Apr 11, 2022 positive
Insight
Gazdecki argues prioritizing distribution over product is what creates the best product
“Like, that's why I always say distribution over product, because when you are able to sell the product, you can improve the product, and that's how you get the best product, and it's just this big, circular life cycle, man, but it starts with driving revenue.”
Andrew Gazdecki Apr 11, 2022 ▶ 28:02 Startup Acquisition Stories with Rick Garcia - Founder and COO of G12 Communications
Jun 6, 2022 negative
Insight
Gazdecki: 10x ARR Multiples Require at Least $10M in Revenue
“Cause the number one reason that a lot of startups don't sell on microquire is they just priced. 10 X annual recurring revenue. And those multiples are really reserved for when you're at scale. So when you're like at ten million revenue and above, that's when …”
Andrew Gazdecki Jun 6, 2022 ▶ 11:40 Startup Acquisition Stories with Tim Schmidbauer - Co-Founder of Inlytics
Jun 6, 2022
Insight
Gazdecki: Sellers Should Make Prospective Buyers Qualify Themselves
“One piece of advice I always give to sellers is make a buyer work for you, and what I mean by that is you ask them a series of questions like, have you acquired a company before, or in your situation maybe do you have any experience in this space, and they slo…”
Andrew Gazdecki Jun 6, 2022 ▶ 6:11 Startup Acquisition Stories with Tim Schmidbauer - Co-Founder of Inlytics
Jun 21, 2022 positive
Insight
Gazdecki: Pre-built data rooms signal serious sellers and drive successful acquisitions
“This is a definite pattern when we see across successful acquisitions is just preparation, like actually putting some thought and some time into preparing, you know, proper financials, you know, how does marketing work, like all the questions that a buyer is g…”
Andrew Gazdecki Jun 21, 2022 ▶ 13:47 Startup Acquisition Stories with Ramzey Nassar- Co-Founder & CEO at DOE Media
Jul 6, 2022 positive
Insight
Gazdecki: Showing business scars and unexecuted growth reveals upside to acquirers
“It's almost like a, in my opinion, a benefit to bring your business forward with, you know, scars and, you Especially, like, growth opportunities, like, hey, I haven't done this, haven't tried this, I tried this, and I failed at this, or this has a, you know w…”
Andrew Gazdecki Jul 6, 2022 ▶ 16:36 Startup Acquisition Stories with Lauralynn Drury - VP of Experience, StayTuned Digital
Jul 12, 2022
Insight
Gazdecki: CEOs should only delegate every operational role past $10M ARR
“Your goal as a CEO, in my opinion, at least is to, you know, eventually get to a point where you fire yourself from every role and you're basically putting leaders in place that are better than you, but that's, you know, that's when you're well into, you know,…”
Andrew Gazdecki Jul 12, 2022 ▶ 50:01 Startup Acquisition Stories with Lloyed Lobo - Founder of Boast.ai and Traction
Aug 2, 2022 positive
Insight
Gazdecki: Entrepreneurs should make bets that only become obvious over time
“As an entrepreneur, you should make a non-obvious bet to everybody else. That's obvious to you. That will become obvious over time.”
Andrew Gazdecki Aug 2, 2022 ▶ 48:46 Startup Acquisition Stories with Mark Davis - Managing Partner at Interplay
Aug 23, 2022 positive
Assertion Partly supported
Gazdecki sold Bizness Apps to a $10B PE firm at age 29
“Yeah, well, I sold to a ten billion dollar private equity firm, and at the time I was 29, you know, so it just kind of felt like a David versus Goliath situation, and the firm I sold to is very professional no hard-nosed negotiations. It was a fantastic outcom…”
Andrew Gazdecki Aug 23, 2022 ▶ 20:23 Startup Acquisition Stories with William Barlow - Partner at Barlow & Williams
Aug 23, 2022 negative
Assertion Not checkable as stated
Gazdecki paid $150,000 for Bizness Apps legal fees at $1,000 hourly
“The legal bill, I believe, was like a 150,000, and I remember the attorney telling me, hey, every time you email me, I have to charge you for 15 minutes of my time, and their hourly rate was a thousand an hour.”
Andrew Gazdecki Aug 23, 2022 ▶ 6:33 Startup Acquisition Stories with William Barlow - Partner at Barlow & Williams
Aug 30, 2022 positive
Insight
Gazdecki: Underpricing startups generates bidding wars and seller pricing leverage
“And I even recommend sometimes to price lower than you might expect, because then you'll draw on more buyers. There's no, if you have one buyer, you have no buyers. And so if you can get, you know, a bidding war going with a timeline saying, Hey, I'm looking t…”
Andrew Gazdecki Aug 30, 2022 ▶ 8:34 Startup Acquisition Stories with Jaisal Rathee (JR), Founder with 6x Exits
Aug 30, 2022 bullish
Prediction Not checkable as stated
Gazdecki: Founders Will Increasingly Build Startups Specifically to Sell
“It's almost like I can see a future where, you know, people are able to build products specifically to sell them to someone else. And then you get to go back to doing what you love, which is building.”
Andrew Gazdecki Aug 30, 2022 ▶ 16:11 Startup Acquisition Stories with Jaisal Rathee (JR), Founder with 6x Exits
Sep 7, 2022
Disclosure
Gazdecki bought a Shopify SaaS for $60k and exited for all-cash
“I actually, I haven't announced this yet, but we bought Shopify SaaS for like, 60 K, like a year ago, and we had two offers. One was all cash, and one had seller financing. The all cash offer was a little lower, and I, without a doubt, I was like, let's go wit…”
Andrew Gazdecki Sep 7, 2022 ▶ 5:53 Startup Acquisition Stories with Chris Achard, Founder of AcornChat
Sep 7, 2022 positive
Insight
Gazdecki recommends all-cash offers over seller financing to reduce payment risk
“I always recommend cash upfront because if you do, and seller financing can work out really well in a lot of scenarios, but if you have an all cash offer it just reduces so much risk on your end because you're not chasing the other person down for either month…”
Andrew Gazdecki Sep 7, 2022 ▶ 5:35 Startup Acquisition Stories with Chris Achard, Founder of AcornChat
Sep 7, 2022 positive
Insight
Gazdecki: Pitching unexecuted growth opportunities provides buyers a post-acquisition roadmap
“Just having like those growth opportunities on how you would continue growing this startup with a buyer, I think is a huge selling point because you kind of just give them a roadmap.”
Andrew Gazdecki Sep 7, 2022 ▶ 12:06 Startup Acquisition Stories with Chris Achard, Founder of AcornChat
Sep 20, 2022
Insight
Gazdecki: Buyers can win deals by preserving founder vision over price
“Sometimes it's not just the price that, you know, you, I could tell you got some passion for travel and, you know, you don't want to just sell to someone who's gonna, you know, just destroy or ruin the reputation of the business. So that's something buyers, I …”
Andrew Gazdecki Sep 20, 2022 ▶ 6:42 Startup Acquisition Stories with Grace McBride, Founder of Lucia
Sep 20, 2022
Disclosure
Gazdecki used fifth-year financial aid to skip classes and launch a startup
“I took a fifth year in college. So I can get financial aid to pay for my rent and food. And then I minored in entrepreneurship. Didn't go to any classes and started a business.”
Andrew Gazdecki Sep 20, 2022 ▶ 19:01 Startup Acquisition Stories with Grace McBride, Founder of Lucia
Sep 27, 2022 negative
Insight
Gazdecki: Never share raw customer lists during due diligence, send anonymized data
“Some due diligence questions can be you know, tricky, like, hey, send me your entire customer list. The answer to that is no. Scrub it. Send anonymized data.”
Andrew Gazdecki Sep 27, 2022 ▶ 20:34 Startup Acquisition Stories with Sukh Sidhu, Founder and CEO of Stridist
Sep 27, 2022 positive
Insight
Gazdecki: Bootstrapping a SaaS to $1,000 MRR typically takes a year
“Just getting to that point alone can take a year. So you kind of skipped over that, that year where you're just eating glass, begging customers to just look at the product.”
Andrew Gazdecki Sep 27, 2022 ▶ 14:37 Startup Acquisition Stories with Sukh Sidhu, Founder and CEO of Stridist
Oct 25, 2022 positive
Insight
Gazdecki: Non-technical buyers should hire an agency for technical due diligence
“One of my always, the recommendation I always make if they're looking to do technical due diligence is to have agency or, you know, some Individual that is technical that can help with that side.”
Andrew Gazdecki Oct 25, 2022 ▶ 8:09 Startup Acquisition Stories with Connor Skelly, Founder of Fission Agency
Nov 8, 2022 positive
Assertion Not checkable as stated
Gazdecki: In-line startup valuations see 2x to 4x higher buyer interest
“If you're in line with those valuations, your buyer interest is based on our data. It's like two to three, four times higher.”
Andrew Gazdecki Nov 8, 2022 ▶ 6:36 Startup Acquisition Stories with Michael Michelis, Co-founder of Intelistyle
Nov 8, 2022 neutral
Disclosure
Gazdecki: MicroAcquire rewrites startup descriptions to clarify confusing value propositions
“You'd be surprised at how many startups we see at Microquire where we look at them and they're really good, but we're like, what do you do? What? So when you see the newsletter, actually, that's usually us. Kind of doing them some help in terms of clearly expl…”
Andrew Gazdecki Nov 8, 2022 ▶ 2:29 Startup Acquisition Stories with Michael Michelis, Co-founder of Intelistyle
Nov 8, 2022 negative
Assertion Not checkable as stated
Gazdecki: Overpricing is top reason startups fail to sell on MicroAcquire
“Yeah, I would say that's probably the number one reason we see startups not sell on Microquire is when they just price way too high.”
Andrew Gazdecki Nov 8, 2022 ▶ 6:16 Startup Acquisition Stories with Michael Michelis, Co-founder of Intelistyle
Nov 22, 2022 positive
Insight
Gazdecki: Post-Sale Engineering Support Gives Software Sellers a Major Advantage
“That's a huge just an advantage compared to a lot of other sellers. Cause as a buyer, you don't want to buy an application and then you, the source code is messy and then you have to go find another engineer. So just having someone available for any sort of fi…”
Andrew Gazdecki Nov 22, 2022 ▶ 11:30 Startup Acquisition Stories with Andrew Amann, CEO at 923 Venture Studio
Nov 29, 2022 positive
Disclosure
Andrew Gazdecki acquired and transferred a small Bubble app in 30 minutes
“Because I've also acquired a Bubble app before, a very small one two years ago, and it literally was like, here's the password. We use Zapier to, or Zapier, however you pronounce it. And that was it. We were done in like, 30 minutes.”
Andrew Gazdecki Nov 29, 2022 ▶ 12:30 Startup Acquisition Stories with JJ Englert, Founder of Jump Studios
Nov 29, 2022 positive
Opinion
Andrew Gazdecki argues sales and marketing skills now outweigh product-building ability
“Now it's people that can quickly build with no code that might have some expertise in sales and marketing, which can, in my opinion, is more of an advantage today than being able to build a really good product.”
Andrew Gazdecki Nov 29, 2022 ▶ 7:52 Startup Acquisition Stories with JJ Englert, Founder of Jump Studios
Feb 14, 2023 positive
Insight
Gazdecki: Buyers who conduct upfront pre-diligence stand out to founders
“Ones that do pre due diligence. Cause there's a lot of ways to, You know, look at website traffic with tools like Ahrefs or SEMrush or just looking up your Twitter page and any mentions from happy customers, stuff like that, using the product. I think those ar…”
Andrew Gazdecki Feb 14, 2023 ▶ 8:45 Startup Acquisition Stories with Minh-Phuc Tran, Founder of Queue.so
Mar 28, 2023 positive
Insight
Gazdecki: Founders must proactively contact buyers after NDA signing
“One mistake I commonly see when people list on a buyer is they just kind of list their product and people, you know, they'll sign the NDA and they don't reach out with a simple question. Are you interested? Do you have any questions? Can I help you? Are you wi…”
Andrew Gazdecki Mar 28, 2023 ▶ 9:16 Startup Acquisition Stories with Lotanna Ezeike, Founder of Creator Check
Mar 28, 2023 positive
Insight
Gazdecki: Small startup exits lead to bigger entrepreneurial outcomes
“I always say small, small exits, they lead to bigger things because you learn so much and then allows you to swing bigger the next time.”
Andrew Gazdecki Mar 28, 2023 ▶ 21:17 Startup Acquisition Stories with Lotanna Ezeike, Founder of Creator Check
Mar 28, 2023 positive
Insight
Gazdecki: Startup sales require buyer rapport for post-acquisition transition work
“When you sell a startup, it's not like handing over keys to a car, like, Hey, goodbye. Yeah, there's always some questions afterwards, and if you don't have, like, that goodwill built with the person, or you, like, you said it perfectly, like, if you don't vib…”
Andrew Gazdecki Mar 28, 2023 ▶ 11:21 Startup Acquisition Stories with Lotanna Ezeike, Founder of Creator Check
Apr 11, 2023
Insight
Gazdecki: Compressing buyer calls into one day preserves deal momentum
“You got on calls with buyers, because when you sell a business, you have to sell the business, and what I mean by that is, you need to talk to buyers, you need to answer their questions, and I like how you did it all in one day, Because that helps you control …”
Andrew Gazdecki Apr 11, 2023 ▶ 14:45 Startup Acquisition Stories with Nico Jeanne, Founder of Galeby
Apr 25, 2023 positive
Opinion
Gazdecki Strongly Recommends Using Escrow for All Startup Acquisitions
“I highly recommend escrow to everyone.”
Andrew Gazdecki Apr 25, 2023 ▶ 7:44 Startup Acquisition Stories with Varun Kundra, Co-Founder of Beam Commerce
May 9, 2023 positive
Insight
Gazdecki: First-time acquirers should practice on $5,000 micro-deals
“If you haven't acquired anything, just buy something for a five K, go through an LOI, go through the asset purchase. Go through due diligence and that alone will help you when you get to, you know, larger acquisition.”
Andrew Gazdecki May 9, 2023 ▶ 13:37 Startup Acquisition Stories with Marco Fazio, CEO of Hypeal
May 9, 2023
Insight
Gazdecki: Closing an acquisition requires treating every lead like the buyer
“When you're selling a business, you got to really sell it. You know, you gotta follow up with every single lead you have. I always recommend, you know, treating each buyer like they are the buyer and bill they're not. So following up with, you know, weekly upd…”
Andrew Gazdecki May 9, 2023 ▶ 6:45 Startup Acquisition Stories with Marco Fazio, CEO of Hypeal
May 9, 2023 positive
Insight
Gazdecki: Founders should favor experienced buyers even at lower valuations
“I actually, you know, typically will advise founders. To work with experienced buyers, even if the price is lower, because the chance of the LOI closing is higher and it'll just make your life a lot easier”
Andrew Gazdecki May 9, 2023 ▶ 13:18 Startup Acquisition Stories with Marco Fazio, CEO of Hypeal
May 9, 2023
Insight
Gazdecki: Founder-buyer alignment is critical due to lengthy transition periods
“Getting along with whoever's buying your business is just absolutely critical in terms of, cause when you sell your business, it's, I always say, it's not like handing over keys to a car. You're gonna have, you know, probably a three month transition period or…”
Andrew Gazdecki May 9, 2023 ▶ 8:48 Startup Acquisition Stories with Marco Fazio, CEO of Hypeal
May 23, 2023 positive
Insight
Gazdecki: Preparing Financials in Advance Boosts Acquisition Odds by 500%
“Having all that upfront gives a good first impression, shows you're serious about selling the business. And again, just increases your chances of getting acquired by a magnitude of an amount. I, I'd put it at like 500% in terms of Cause it shows buyers that yo…”
Andrew Gazdecki May 23, 2023 ▶ 20:23 Startup Acquisition Stories with Colin Dougherty, Director of Marketing at Zenlytic
May 23, 2023 positive
Insight
Gazdecki: Founders Must Continue Selling the Business After Signing LOIs
“You're still selling the business after you sell an LOI. And if you do that, sometimes if they find something maybe kind of small, you just shared with them a bunch of other stuff to get excited about, growth opportunities, et cetera, and that can keep the dea…”
Andrew Gazdecki May 23, 2023 ▶ 13:53 Startup Acquisition Stories with Colin Dougherty, Director of Marketing at Zenlytic
May 23, 2023 negative
Assertion Not checkable as stated
Gazdecki: Slow Founder Communication Causes 90% of Stalled Acquisitions
“When I've seen acquisitions not fall through, we'll go and, you know, give advice to the founder, kind of look, and nine times out of 10, we'll see chat logs not responded to, we'll see you know, questions answered three days later. What that does is it signal…”
Andrew Gazdecki May 23, 2023 ▶ 10:34 Startup Acquisition Stories with Colin Dougherty, Director of Marketing at Zenlytic
May 23, 2023 positive
Insight
Gazdecki: Early-Stage Startups Should Focus on One Marketing Channel
“I always tell people when they're first starting out building a startup business, whatever, maybe focus on one marketing channel at a time, you know, cause you can do ads, SEO you know, Social media, but just going all in on one channel, you'll be, you know, g…”
Andrew Gazdecki May 23, 2023 ▶ 3:29 Startup Acquisition Stories with Colin Dougherty, Director of Marketing at Zenlytic
May 23, 2023
Insight
Gazdecki: Founders Should List Disliked Tasks Before Starting a Business
“Before starting a business, write down all the stuff that you don't like to do. And that'll really be your guiding path.”
Andrew Gazdecki May 23, 2023 ▶ 5:20 Startup Acquisition Stories with Colin Dougherty, Director of Marketing at Zenlytic
May 30, 2023 positive
Insight
Gazdecki: Complete Upfront Documentation Greatly Increases a Startup's Acquisition Odds
“The more you prepare, like as you go live and just get all that information up front, It increases your chances of getting acquired by so, so much because buyers are looking at tons of different startups. And so if you have all that information readily availab…”
Andrew Gazdecki May 30, 2023 ▶ 12:04 Startup Acquisition Stories with Joe Benjamin, Founder of RevPilots
May 30, 2023
Insight
Gazdecki: Requesting Diligence Schedules Upfront Reveals a Buyer's Acquisition Experience
“One great question always asked is like, do you have, you know, do you have like plan, schedule, anything? And it's typically just like a list of, you know, sensitive questions that you'd be entering into after you sign the LOI, but it shows basically the expe…”
Andrew Gazdecki May 30, 2023 ▶ 9:20 Startup Acquisition Stories with Joe Benjamin, Founder of RevPilots
May 30, 2023
Insight
Gazdecki: Isolated billing and cloud accounts simplify acquisition transitions
“So having it all in, you know, easily transferable accounts just makes all, you know, transitions so much easier.”
Andrew Gazdecki May 30, 2023 ▶ 9:09 Startup Acquisition Stories with Joe Benjamin, Founder of RevPilots
May 30, 2023 negative
Insight
Gazdecki: Founders Should Avoid Premature LOIs Before Preliminary Due Diligence
“People who just sell who send out premature LOIs. So like, they kind of don't, they haven't asked the right questions yet. They really haven't, you know, dove into the business with you. You haven't spoken with them. I do not recommend signing those LOIs becau…”
Andrew Gazdecki May 30, 2023 ▶ 7:30 Startup Acquisition Stories with Joe Benjamin, Founder of RevPilots
Jun 13, 2023
Insight
Gazdecki: Pick experienced buyers over higher offers to ensure deals close
“And I reckon I actually recommend that often for, especially for larger size businesses to Work with an experienced buyer, even if it's at a lower price, because your chances of it closing is so much higher because you can have an inexperienced buyer give you …”
Andrew Gazdecki Jun 13, 2023 ▶ 9:30 Startup Acquisition Stories with Ruslan Leteyski, Founder & CEO of Checkout X
Jun 13, 2023
Insight
Gazdecki: Pre-due diligence before an LOI dramatically boosts closing odds
“Pre due diligence where you have some calls up front, like you are asked and you respond to some hard questions and that gives you an indication of what it's going to be like working with the buyer before you sign, say a letter of intent. And that's about work…”
Andrew Gazdecki Jun 13, 2023 ▶ 11:57 Startup Acquisition Stories with Ruslan Leteyski, Founder & CEO of Checkout X
Jun 20, 2023 positive
Insight
Gazdecki: Founders should treat product incubation like an angel investor portfolio
“As an entrepreneur, sometimes thinking in that framework of, you know, rapidly build products, then one will take off, and that's one that you shift your full focus to, or you just focus on all of them, if they're all working.”
Andrew Gazdecki Jun 20, 2023 ▶ 14:29 Startup Acquisition Stories with Anita Kirkovska, Co-founder of VoicePen
Jun 27, 2023
Disclosure
Gazdecki: Acquire.com has an in-house team rewriting founder listing headlines
“So when you list on acquire, we'll actually rewrite the headlines. Cause we'll get stuff that's, you know, vertical SAS is revolutionizing this thing. And it is just like, what problem are you solving? And who is it for? That's kind of the main thing. So we'll…”
Andrew Gazdecki Jun 27, 2023 ▶ 17:49 Startup Acquisition Stories with Kjael Skaalerud, President of Skaling Ventures
Jul 5, 2023
Assertion Not checkable as stated
Gazdecki: Typical acquisition takes 30 days to LOI, 30-60 diligence
“30 days typically I'd say to get to LOI and then another 30, 60 days for due diligence, but it depends on the company size we've seen. The fastest was like 48 hours”
Andrew Gazdecki Jul 5, 2023 ▶ 13:20 Startup Acquisition Stories with Noah Bragg, Founder of Potion.so
Jul 11, 2023
Insight
Gazdecki: Startup sellers should ask serial acquirers for past founder references
“If they previously acquired a business, you can ask for references. Like, do you have anyone I could speak to? What is it like working with you? That's entirely appropriate.”
Andrew Gazdecki Jul 11, 2023 ▶ 14:22 Startup Acquisition Stories with Alex Rainey, Founder of MyAskAI.com
Jul 11, 2023
Assertion Not checkable as stated
Gazdecki: Over 90% of startup buyers request post-sale transition support
“I would say almost 90% plus buyers will ask for some sort of transition period.”
Andrew Gazdecki Jul 11, 2023 ▶ 17:41 Startup Acquisition Stories with Alex Rainey, Founder of MyAskAI.com
Jul 18, 2023
Insight
Gazdecki: Schedule pre-LOI calls and weekly buyer meetings during diligence
“Like before I sign this, I always recommend a pre LOI signing call, just like, Hey, I'm going to sign this LOI. Just wanted to run through, you know, once I sign this, what happens? And then schedule a meeting every week. And if all you have to talk about is t…”
Andrew Gazdecki Jul 18, 2023 ▶ 22:02 Startup Acquisition Stories with Jason Allan Scott, Founder of A Podcast Company
Jul 18, 2023
Assertion Not checkable as stated
Gazdecki: Leveraged $30,000 college job board exit to seed larger startup
“That's kind of how I, you know, started my first quote unquote successful startup was I had a smaller job board before that. And I sold that for. 30,000, which felt like 30. I always joke. I was in college, so it felt like 30 trillion dollars. Like it literall…”
Andrew Gazdecki Jul 18, 2023 ▶ 13:17 Startup Acquisition Stories with Jason Allan Scott, Founder of A Podcast Company
Jul 25, 2023 positive
Insight
Gazdecki: Consumers spend irrationally on dogs, weddings, and children
“There's certain categories where people have an irrational spend limit. And I think the saying is Dogs, and weddings, and children.”
Andrew Gazdecki Jul 25, 2023 ▶ 20:54 Startup Acquisition Stories with Jeff Richards, Founder of Rayneta
Jul 25, 2023
Insight
Gazdecki: Tension kills acquisitions; successful deals require founder-buyer goodwill
“The majority of acquisitions that I see close and I see a lot always have some form of just goodwill where you and the buyer are getting along. There's no tension. That's kind of where deals fall apart. Like you get a really high price, you sign the LOI, you b…”
Andrew Gazdecki Jul 25, 2023 ▶ 14:21 Startup Acquisition Stories with Jeff Richards, Founder of Rayneta
Aug 1, 2023 bullish
Insight
No startup should ever go to zero because buyers want built products
“No starter should ever go to zero, because you build a product, you build, you know, happy customers are using it. It may not be that, yeah, it may not be that multi hundred million dollar business, but to someone it's a good, you know, starting point That the…”
Andrew Gazdecki Aug 1, 2023 ▶ 24:06 Startup Acquisition Stories with Moustaid Ayoub, Founder of Fastdok
Aug 8, 2023 negative
Disclosure
Gazdecki: Acquire.com is rejecting derivative AI startups due to market oversupply
“I mean, we've been seeing a huge, huge, huge influx of AI companies on acquired to the point where we've had to Like, not list a few, just because there's so many, like, image creators, house image creators chat, GVT bots that all kind of do the same thing.”
Andrew Gazdecki Aug 8, 2023 ▶ 12:49 Startup Acquisition Stories with JK Molina, Co-founder of Tweet Hunter
Aug 8, 2023
Assertion Supported
Gazdecki bootstrapped Bizness Apps to $10M ARR before selling to PE
“It was called a business app, spelled B-I-Z-N-E-S-S apps. And it was like a no code mobile app builder grew it to about ten million in your career revenue and then sold to a private equity firm and then bootstrapped that business like you.”
Andrew Gazdecki Aug 8, 2023 ▶ 3:18 Startup Acquisition Stories with JK Molina, Co-founder of Tweet Hunter
Aug 8, 2023
Insight
Gazdecki: The average startup takes three to four years to reach $1M ARR
“Some businesses will get to a million revenue in a year, but I think on average, it takes a business, you know, three, four years.”
Andrew Gazdecki Aug 8, 2023 ▶ 21:07 Startup Acquisition Stories with JK Molina, Co-founder of Tweet Hunter
Aug 8, 2023 bearish
Opinion
Gazdecki: Venture investors do not actually know how to build startups
“As an investor, if you're going to do one thing, number one, you don't really know how to build startups. You just talk about like what you've seen and stuff.”
Andrew Gazdecki Aug 8, 2023 ▶ 26:53 Startup Acquisition Stories with JK Molina, Co-founder of Tweet Hunter
Aug 8, 2023
Disclosure
Gazdecki started a crypto startup during Bizness Apps due diligence
“So I ended up starting a crypto company called all coin. That one wasn't nearly as successful, but I was, Literally building a company, like, during due diligence”
Andrew Gazdecki Aug 8, 2023 ▶ 7:11 Startup Acquisition Stories with JK Molina, Co-founder of Tweet Hunter
Aug 8, 2023 neutral
Disclosure
Gazdecki: Acquire.com evaluates over 3,000 startup listings per month
“But we see like, 3000 plus startups a month, so I kind of lose track at times.”
Andrew Gazdecki Aug 8, 2023 ▶ 13:25 Startup Acquisition Stories with JK Molina, Co-founder of Tweet Hunter
Aug 8, 2023 neutral
Disclosure
Gazdecki waited eight months before working full-time on Acquire.com
“Even I didn't jump right into like you know, choir, I kind of took, put my toe in there, thought, figured out if there was anything real and then I jumped in full-time yeah, maybe like Eight months after launch or something like that. Six months.”
Andrew Gazdecki Aug 8, 2023 ▶ 34:01 Startup Acquisition Stories with JK Molina, Co-founder of Tweet Hunter
Aug 8, 2023 positive
Assertion Not checkable as stated
Gazdecki: A two-person financial satire newsletter generates over $1M in profit
“This is like a two person shop and they're making like, you know, a million plus in profit.”
Andrew Gazdecki Aug 8, 2023 ▶ 11:35 Startup Acquisition Stories with JK Molina, Co-founder of Tweet Hunter
Aug 15, 2023 positive
Opinion
Gazdecki: Sales and marketing are far more important than the product
“I think what's so awesome about what your story, and I wholeheartedly believe this is, Sales and marketing is so much more important than product, in my opinion, because you could have built the best product in the world, but if it wasn't for your hustling and…”
Andrew Gazdecki Aug 15, 2023 ▶ 17:20 Startup Acquisition Stories with Josh Kim, Founder of The Cubby
Aug 15, 2023 positive
Insight
Gazdecki: Founders should start early to make mistakes and learn sooner
“So I think the lesson is, you know, the sooner you start you know, because I always say the people who know the most about winning know the most about losing. Start early. So the, So if you lose or make mistakes, which all entrepreneurs do, you know, it's earl…”
Andrew Gazdecki Aug 15, 2023 ▶ 3:05 Startup Acquisition Stories with Josh Kim, Founder of The Cubby
Aug 15, 2023 negative
Insight
Gazdecki: High revenue seasonality is terrible for acquisition prospects
“Seasonality when it comes to acquisitions is terrible. It literally is. If a buyer looks at that, unless the product, you know, is, is typically at scale, but I mean, if you're selling like an e-commerce store with fireworks or something like that, they do tha…”
Andrew Gazdecki Aug 15, 2023 ▶ 20:39 Startup Acquisition Stories with Josh Kim, Founder of The Cubby
Aug 22, 2023
Insight
Gazdecki: Rapid buyer comprehension creates competitive M&A marketplaces and buyer FOMO
“When you're selling a business, you know, goal number one obviously is to have a good business, but maybe goal number two is, you know, you want to help buyers understand your business as much as possible. As quickly as possible. So you create that market and …”
Andrew Gazdecki Aug 22, 2023 ▶ 15:37 Startup Acquisition Stories with Mark Spera, Co-founder of GrowthBar
Aug 22, 2023 neutral
Disclosure
Gazdecki: Acquire.com is building a dedicated AI category to separate from SaaS
“We were literally working on that right now. Like I'm sick of seeing all these AI startups because they're under SAS and we're going to make a new category”
Andrew Gazdecki Aug 22, 2023 ▶ 28:33 Startup Acquisition Stories with Mark Spera, Co-founder of GrowthBar
Aug 22, 2023 positive
Assertion Not checkable as stated
Gazdecki: GrowthBar may hold Acquire.com records for deal size and closing speed
“I think you may have set a record with the size of the acquisition and then also the time in which it closed.”
Andrew Gazdecki Aug 22, 2023 ▶ 28:14 Startup Acquisition Stories with Mark Spera, Co-founder of GrowthBar
Aug 22, 2023
What-if
Gazdecki: Bizness Apps could have grown larger by focusing on one vertical
“If we went narrow on, like, one vertical, I think we could have grown further”
Andrew Gazdecki Aug 22, 2023 ▶ 4:34 Startup Acquisition Stories with Mark Spera, Co-founder of GrowthBar
Aug 29, 2023
Insight
Gazdecki advises founders to weigh closing probability against higher offer prices
“When you get an LOI, you know, factor in, you know, the probability of close as well, because you might go after that big extra 20%. Or maybe it was like a 10% difference in this case, but it might not close.”
Andrew Gazdecki Aug 29, 2023 ▶ 31:18 Startup Acquisition Stories with JM Sanchez Co-founder of Studia
Sep 26, 2023 bullish
Insight
Gazdecki: Vertical SaaS and vertical CRMs get significant acquisition interest
“SaaS solutions like yours, like a SaaS solution specifically, it could be like an invoice generator, CRMs, CRMs specifically for a specific vertical, get a lot of attention.”
Andrew Gazdecki Sep 26, 2023 ▶ 9:42 Startup Acquisition Stories with David Sorbara, Founder of Barkley HQ
Sep 26, 2023 positive
Insight
Gazdecki: Peak marketing is becoming a verb or an industry acronym
“I'd say the pinnacle of marketing is when you can either have a company name that's a verb or you make up some acronym that is adopted within the industry.”
Andrew Gazdecki Sep 26, 2023 ▶ 7:13 Startup Acquisition Stories with David Sorbara, Founder of Barkley HQ
Sep 26, 2023
Insight
Gazdecki: Signing an LOI is just the start of harder acquisition work
“Once you sign in a lie, that's kind of just the start of kind of the harder chapter of the acquisition process.”
Andrew Gazdecki Sep 26, 2023 ▶ 12:11 Startup Acquisition Stories with David Sorbara, Founder of Barkley HQ
Sep 26, 2023 positive
Insight
Gazdecki: Niche vertical SaaS has much higher odds of product excellence
“Because if you're a dog groomer, and it's specifically made for them, ah, you know, the chances of you building the best software for that specific customer is just so much higher.”
Andrew Gazdecki Sep 26, 2023 ▶ 3:15 Startup Acquisition Stories with David Sorbara, Founder of Barkley HQ
Oct 3, 2023 positive
Disclosure
Gazdecki: Ambassador programs proved most effective expansion model for college startups
“Specifically the ambassador programs I've invested in two college-based startups before, and both kind of stumbled onto an ambassador program, and that led to being kind of the most effective way to expand into other schools.”
Andrew Gazdecki Oct 3, 2023 ▶ 13:06 Startup Acquisition Stories with Devon Gethers, Founder of EarlyAdmit
Oct 10, 2023 negative
Disclosure
Gazdecki: Acquire.com bans buyers who strategically reprice deals near closing
“Anyone who does that on acquire.com, we unfortunately ban buyers that do that. So it depends. It, if it's on a what we would deem as, you know, egregious, where there's no, if it's repriced based on information you had at day one, and we feel that that was you…”
Andrew Gazdecki Oct 10, 2023 ▶ 32:30 Startup Acquisition Stories with Daniel Ch, Founder of SimpleInk
Oct 10, 2023
Insight
Gazdecki: Founders should accept lower acquisition offers to guarantee deal certainty
“I would recommend going with someone even at a discount because you know that the probability of that acquisition closing is higher instead of kind of signing and going into like a mystery tunnel with this person where once you sign there, cause the worst thin…”
Andrew Gazdecki Oct 10, 2023 ▶ 29:55 Startup Acquisition Stories with Daniel Ch, Founder of SimpleInk
Oct 10, 2023 positive
Insight
Gazdecki: Founders should treat every acquisition offer as their only one
“Any offer that you get, you should also view it as the only offer you'll ever get, because it may be”
Andrew Gazdecki Oct 10, 2023 ▶ 21:10 Startup Acquisition Stories with Daniel Ch, Founder of SimpleInk
Oct 10, 2023
Insight
Gazdecki: Founders should buy a $5,000 business to learn acquisition mechanics
“Whenever someone Emails me and says like, how do I get an acquisitions? Or I'd love to learn more about acquisitions. I'm looking to sell my company in like a year or something like that. I always kind of just say, go buy something for a five K and go through,…”
Andrew Gazdecki Oct 10, 2023 ▶ 37:29 Startup Acquisition Stories with Daniel Ch, Founder of SimpleInk
Oct 24, 2023
Assertion Not checkable as stated
Gazdecki: Selling his first startup cost $170,000 in legal fees at $1,000/hour
“Mine was a hundred and, like, 70,000, but we hired, like, Pillsbury, and they did they, yeah, it was over a thousand an hour”
Andrew Gazdecki Oct 24, 2023 ▶ 34:42 Startup Acquisition Stories with Jes Bickhart, Founder of Minnow
Oct 24, 2023 neutral
Disclosure
Gazdecki: Crypto exchange compliance would have cost $10 million and two years
“We're in the regulatory compliance business and the capital to take the business to market would be we estimated around like ten million and then two years because we'd have to get a broker-dealer license, money transmitter license.”
Andrew Gazdecki Oct 24, 2023 ▶ 21:13 Startup Acquisition Stories with Jes Bickhart, Founder of Minnow
Oct 24, 2023 neutral
Disclosure
Gazdecki: Sold crypto startup to a strategic buyer to bypass licensing costs
“So what we did was we positioned the company to sell and we took the technology and then ended up selling it to a strategic buyer, someone who had the regulatory compliance.”
Andrew Gazdecki Oct 24, 2023 ▶ 21:27 Startup Acquisition Stories with Jes Bickhart, Founder of Minnow
Oct 31, 2023 positive
Disclosure
Gazdecki: Acquiring a Shopify app is like 'SaaS with training wheels'
“I actually, I acquired one myself with some friends, and I call it, like, SaaS with, like, training wheels, because you can just log into the dashboard, you see all the metrics, everything's in there, you don't have to go polling places from, like, five differ…”
Andrew Gazdecki Oct 31, 2023 ▶ 19:53 Startup Acquisition Stories with Cory Lynch, Founder of Solodrop
Oct 31, 2023 positive
Insight
Gazdecki: Recurring subscription revenue makes selling a business easier and raises valuation
“When you have like the one-time payments every month, you gotta have that amount of money coming in. But if it's recurring, You know, you can predict the revenue out. So, you know, next month, even if no customer comes in, assuming your churn is low. You know,…”
Andrew Gazdecki Oct 31, 2023 ▶ 10:23 Startup Acquisition Stories with Cory Lynch, Founder of Solodrop
Oct 31, 2023 positive
Insight
Gazdecki: Productizing client work is a top strategy for building startups
“I think that's like one of the best ways to build a business because you're seeing the problem”
Andrew Gazdecki Oct 31, 2023 ▶ 6:36 Startup Acquisition Stories with Cory Lynch, Founder of Solodrop
Nov 14, 2023 positive
Insight
Gazdecki: Pricing startups lower creates competitive buyer leverage for higher valuations
“So, the more buyers you can bring to the table, the more conversations you have, the more interested buyers you get to You know, solicit an offer to you a letter of intent. That gives you the opportunity to negotiate upwards on valuation, terms, all that fun s…”
Andrew Gazdecki Nov 14, 2023 ▶ 14:52 Startup Acquisition Stories with Simon Thompson, Founder of Podseeker
Nov 14, 2023 neutral
Assertion Contradicted
Amazon launched a free competitor one month after Gazdecki sold his startup
“When I sold my previous business, it was a drag and drop mobile app builder. Within a month, Amazon released a free version of what I had built.”
Andrew Gazdecki Nov 14, 2023 ▶ 21:58 Startup Acquisition Stories with Simon Thompson, Founder of Podseeker
Nov 14, 2023 negative
Insight
Gazdecki: Software businesses cannot be passed down as generational family assets
“With software companies, you're not going to hand them down to your children just because it's going to be disrupted like 20 times by then. So if you're not able to continue, like continue with product development, keeping up with customers, you know, you're, …”
Andrew Gazdecki Nov 14, 2023 ▶ 22:08 Startup Acquisition Stories with Simon Thompson, Founder of Podseeker
Nov 29, 2023 positive
Insight
Gazdecki: Startups should stop and ship at 90% completion
“I always feel like when you get to 90%, it's gonna, that's where you need to just stop and ship it, because 90% to a hundred percent takes just as much time typically within the team from what I've experienced.”
Andrew Gazdecki Nov 29, 2023 ▶ 12:41 Startup Acquisition Stories with Salvatore Aiello, Co-founder of DimeADozen
Nov 29, 2023 neutral
Assertion Not checkable as stated
Gazdecki: It takes nine follow-ups for a prospect to respond in sales
“And it actually takes nine, nine follow-ups for someone to get, for someone to finally get back to you in sales.”
Andrew Gazdecki Nov 29, 2023 ▶ 29:56 Startup Acquisition Stories with Salvatore Aiello, Co-founder of DimeADozen
Jan 2, 2024 positive
Insight
Gazdecki: Treat Every M&A Prospect as an Active Buyer Until Rejected
“Assume everyone is the buyer until they're not, until they say they're not interested, continue to follow up, continue to push for calls. And that's really like the biggest part with acquisitions that a lot of people I think miss is number one, you gotta be ob…”
Andrew Gazdecki Jan 2, 2024 ▶ 15:41 Startup Acquisition Stories with Justin Vanderheide, Founder of Swimgen
Jan 9, 2024 positive
Disclosure
Gazdecki: Traded Valuation for All-Cash Deal and 90-Day Exit
“When I did my acquisition that's what I negotiated the most over actual valuation was all cash at clothes. I was out of the business in 90 days because those are the things that were important to me.”
Andrew Gazdecki Jan 9, 2024 ▶ 15:08 Startup Acquisition Stories with Yahia Bakour, Co-founder of Stock Alarm
Jan 22, 2024
Insight
Andrew Gazdecki: Closing Buyer Information Gaps Creates Competing Acquisition Offers
“Cause when a lot of startups go to market, like it's so important to understand like your job when When selling a business is to close that information gap. Like, a buyer knows nothing about your business, and you want to give them as much information as possi…”
Andrew Gazdecki Jan 22, 2024 ▶ 10:06 Startup Acquisition Stories with Martin Galovic, Founder of FanMetrics
Jan 30, 2024 positive
Insight
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…”
Andrew Gazdecki Jan 30, 2024 ▶ 15:45 Startup Acquisition Stories with Dani Parra ibanez and Drilon Sqn, Founder of TrustApps
Jan 30, 2024 positive
Insight
Saturated Software Markets Are Not Winner-Take-All
“Even if a category is saturated with a lot of other competitors, like, you can still build a nice business from it. Like, I talk to a lot of entrepreneurs that's like, oh, someone's already doing this, and every time I'm like, just make it a little bit better,…”
Andrew Gazdecki Jan 30, 2024 ▶ 4:56 Startup Acquisition Stories with Dani Parra ibanez and Drilon Sqn, Founder of TrustApps
Jan 30, 2024 negative
Insight
Hidden Surprises Kill Startup Acquisitions Faster Than Anything Else
“Nothing kills an acquisition faster than surprises. Even if you have, like, bad stuff, just say, like, hey, listen, we tried this marketing campaign, didn't work”
Andrew Gazdecki Jan 30, 2024 ▶ 19:26 Startup Acquisition Stories with Dani Parra ibanez and Drilon Sqn, Founder of TrustApps
Jan 30, 2024 neutral
Opinion
Customer Expectations for Minimum Viable Products Have Increased
“With today, there's so many different products and there's so many different startups being launched, created the quality, in my opinion, or customer expectations for an MVP or the first version has gone up.”
Andrew Gazdecki Jan 30, 2024 ▶ 7:13 Startup Acquisition Stories with Dani Parra ibanez and Drilon Sqn, Founder of TrustApps
Feb 27, 2024 neutral
Assertion Not checkable as stated
Gazdecki: Distressed VC-Backed Startups Face Active Secondary M&A Demand
“There's a lot of venture backed startups out there with founders that, you know, may have lost motivation, their optionality in terms of upside liquidity is not looking great. And people are looking to buy these companies and there's founders looking to exit t…”
Andrew Gazdecki Feb 27, 2024 ▶ 2:48 Startup Acquisition Stories Podcast with Wil Schroter, Founder of Startups.com
Feb 27, 2024 positive
Insight
Gazdecki: Stock Sales Offer Founders QSBS Tax Relief Over Asset Sales
“Really the main benefit to doing a stock sale versus An asset sale for the founder is tax purposes. You'll generally benefit from QSPS.”
Andrew Gazdecki Feb 27, 2024 ▶ 31:21 Startup Acquisition Stories Podcast with Wil Schroter, Founder of Startups.com
Feb 27, 2024
Insight
Gazdecki: Gauge strategic acquisition interest by emailing corp dev leaders directly
“Before making any changes, just shoot out a few emails, head of a corp dev, head of product CEO, depending on company size, and see if they'll at least take a meeting, and you'll get to, you'll figure out if there's strategic interest pretty quickly.”
Andrew Gazdecki Feb 27, 2024 ▶ 45:41 Startup Acquisition Stories Podcast with Wil Schroter, Founder of Startups.com
Feb 27, 2024
Insight
Gazdecki: Failing Startup Founders Must Prioritize Their Employees Over Their Investors
“I always say you know, also think about your employees before your investors. This might be a little bit more controversial, but these are people that chose to work with you And spend more time with you than their families believed in your mission. And I think…”
Andrew Gazdecki Feb 27, 2024 ▶ 36:26 Startup Acquisition Stories Podcast with Wil Schroter, Founder of Startups.com
Mar 5, 2024 positive
Insight
Gazdecki: Founders must hold weekly calls post-LOI to prevent deal death
“When you sign an LOI, absolutely have a follow-up call every single week until the deal closes. I don't care if you talk about the weather, or your favorite sports team that lost, whatever, or some really big issue, but constant communication, because that's w…”
Andrew Gazdecki Mar 5, 2024 ▶ 28:31 This Founder Sold His Startup, Bought it Back for Pennies, and Resold it on Acquire.com for 5 Figures
Mar 5, 2024 neutral
Insight
Gazdecki: Startup buyers are 50% individuals, 45% PE, and 5% strategics
“I would say you have a 45% chance of getting acquired by private equity, five percent strategic And then, 50%, it's probably going to be an individual buyer.”
Andrew Gazdecki Mar 5, 2024 ▶ 26:31 This Founder Sold His Startup, Bought it Back for Pennies, and Resold it on Acquire.com for 5 Figures
Mar 5, 2024 negative
Insight
Gazdecki: Unrealistic 10x revenue expectations are why startups fail to sell
“This is probably the number one reason why I see a lot of startups not selling is they read about some company that sold for 10 times revenue and that biggest thing that happens, but that's an outlier. That's not the averages and that's normal.”
Andrew Gazdecki Mar 5, 2024 ▶ 26:14 This Founder Sold His Startup, Bought it Back for Pennies, and Resold it on Acquire.com for 5 Figures
Mar 5, 2024 neutral
Insight
Gazdecki: Post-exit founders should wait six months before angel investing
“If you're unsure of, you know, where you want to invest it, Or whatever, maybe just let it sit in your bank account for six, six months and just change nothing about your lifestyle. Don't start, you know, angel investing and stuff like that. Just let it all ki…”
Andrew Gazdecki Mar 5, 2024 ▶ 21:11 This Founder Sold His Startup, Bought it Back for Pennies, and Resold it on Acquire.com for 5 Figures
Mar 12, 2024 positive
Insight
Gazdecki: Price startup listings below target valuation to ignite bidding wars
“When you go to sell your business, you actually do want to, or I always recommend pricing it lower than your final number that you want to hit and write your final number down, but Go a little bit lower than that. And the reason you do that is because just lik…”
Andrew Gazdecki Mar 12, 2024 ▶ 11:52 Startup Acquisition Stories With Adam Senese, Founder of Linq Commerce
Mar 19, 2024 positive
Assertion Not checkable as stated
Gazdecki: David Idol's extension reached 279k weekly active users with zero marketing
“So, you know, two million Organic impressions. Two, 279,000 weekly active users with no advertising or marketing.”
Andrew Gazdecki Mar 19, 2024 ▶ 11:07 Startup Acquisition Stories With David Idol, Founder of Computer Mouse For XCloud
Mar 19, 2024 positive
Insight
Gazdecki: Naming a business after search terms improves search ranking
“And then, yeah, like, if you name your business after a specific search term, there's a really good chance you're gonna rank for that term.”
Andrew Gazdecki Mar 19, 2024 ▶ 6:14 Startup Acquisition Stories With David Idol, Founder of Computer Mouse For XCloud
Mar 26, 2024 positive
Insight
Gazdecki: Cold calling can make acquisition targets 100x more successful
“There's a lot of good product, especially on acquired. I see them all the time where it's like, if you can just pick up the phone and you know how to cold call and close the customer, you can make the business a hundred times more successful”
Andrew Gazdecki Mar 26, 2024 ▶ 28:51 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings
Mar 26, 2024
Assertion Partly supported
Gazdecki: Bizness Apps hit tens of millions via 5,000 agency partners
“What you can do is you can take products and then offer a white label solution, and that's what we did, and we sold to over 5000 agencies all across the world in, like, 75 different countries, and so, essentially, what it allowed us to do is kind of have, like…”
Andrew Gazdecki Mar 26, 2024 ▶ 25:47 Startup Acquisition Stories With Luke Sheppard, Founder of Revive Ratings
Apr 24, 2024 neutral
Assertion Not checkable as stated
Gazdecki: Acquisition buyers typically review 20 to 40 businesses daily
“Buyers are typically looking at sometimes 2030, 40 businesses a day.”
Andrew Gazdecki Apr 24, 2024 ▶ 8:57 Startup Acquisitions Stories Podcast With Nour Shaaban, Founder of a SaaS Acquired for 7-Figures
Jun 3, 2024 positive
Insight
Gazdecki: Early transition documentation significantly impacts a startup's valuation
“Having these materials available in advance is huge, and You know, I think a lot of startup founders really don't understand how much it impacts your valuation, the amount of buyers interested.”
Andrew Gazdecki Jun 3, 2024 ▶ 14:18 Startup Acquisition Stories With Jeel Patel, Founder of InvoiceOwl
Jun 26, 2024 negative
Disclosure
Gazdecki: Law firm Pillsbury billed 15 minutes per email during first sale
“I definitely wish I knew the last point when I sold my first business. I remember I hired Pillsbury, if you're familiar with them. And I remember they sent me an email and they said, Andrew, like you've been emailing us a lot. And just so you know, we've charg…”
Andrew Gazdecki Jun 26, 2024 ▶ 16:04 Startup Acquisition Stories With Eric Pacifici of SMB Law Group
Jul 3, 2024 neutral
Assertion Not checkable as stated
Gazdecki: Overpricing is the top reason startups fail to sell on Acquire.com
“That's actually the number one reason a startup won't get acquired on acquire.com is pricing too high.”
Andrew Gazdecki Jul 3, 2024 ▶ 22:43 Startup Acquisition Stories Podcast With Pascal Levy-Garboua, CEO of Noosa Labs
Aug 7, 2024 positive
Insight
Gazdecki: Founder Transition Commitments De-Risk Deals And Support Better Pricing
“So good job negotiating that too, because it can help you find the right type of buyer or align what you're looking to accomplish during the acquisition with the buyer. So it also de-risk acquisition as well. So buyer is more confident, maybe agreeing to your …”
Andrew Gazdecki Aug 7, 2024 ▶ 21:33 Startup Acquisition Stories Podcast With Jovan Meljevic, Founder of BountyHunter
Feb 4, 2025
Insight
Gazdecki: Setting buyer deadlines creates leverage for better acquisition terms
“What you want to do is you want to tell buyers that you're accepting offers, but don't accept one. You say, Hey, I'm hoping to get all formal offers in by this date. And then the first buyer submits it and he knows the timeline. Like Camille is going to review…”
Andrew Gazdecki Feb 4, 2025 ▶ 11:53 Kamil Almost Went Broke Growing His AI Startup – An Acquisition Saved It
Feb 12, 2025 positive
Insight
Gazdecki: Underpricing acquisition listings attracts more buyers and enables upward negotiation
“When you price it as a low opportunity or a low price opportunity, it attracts a lot more buyers and that leads to usually more offers. Then we get more offers. You can usually negotiate them upwards.”
Andrew Gazdecki Feb 12, 2025 ▶ 10:28 How Gabby Rosen Flipped a Newsletter for 18x in Under a Year
May 13, 2025
Insight
Gazdecki: Founders Cannot Hard-Close M&A Buyers Like Ordinary Software Sales
“Selling a business you can't necessarily like. You know, hard close the person. Like you gotta have this. There has to be, you know, reasons of their own to want to acquire the business, but you can just make the decision really obvious.”
Andrew Gazdecki May 13, 2025 ▶ 19:48 Zero Funding, One Buyer, and a Clean SaaS Exit
May 13, 2025 neutral
Insight
Gazdecki: SaaS Sellers Very Rarely Have Comprehensive SOPs Documented Pre-Market
“Very rarely do we see that, but a lot of times before we go to market with different businesses, we'll say, can you document certain things or can you outline key procedures to at least allow people to wrap their heads around how does marketing work, product w…”
Andrew Gazdecki May 13, 2025 ▶ 28:19 Zero Funding, One Buyer, and a Clean SaaS Exit
May 13, 2025 positive
Insight
Gazdecki: Proactively Disclose Flaws Because Surprises Kill M&A Deals
“Surprises kill deals. So if there's, like, a bruise on your business, or a bump, or something, you're not necessarily excited to share, just share it anyways, because it's going to get uncovered, and every business has issues.”
Andrew Gazdecki May 13, 2025 ▶ 22:54 Zero Funding, One Buyer, and a Clean SaaS Exit
Jun 3, 2025
Disclosure
Gazdecki Originally Built Acquire.com as a Personal Proprietary Deal Flow Platform
“Originally what I'm getting at is the original idea was a deal flow platform for myself. So I could potentially acquire small SaaS companies. And then if you couldn't find, if I didn't buy it, you could still find a buyer.”
Andrew Gazdecki Jun 3, 2025 ▶ 17:46 Built a Profitable Startup and Got Acquired at Just 18
Jun 10, 2025 positive
Insight
Gazdecki: Selling a startup requires proactive outreach, not passive listing
“I work with so many founders where they think, you know, you list on acquire, you kind of step back. And if a buyer wants to acquire you bad enough, they'll figure out a way to get ahold of you. But it's going to be further from the case. You have to Reach out…”
Andrew Gazdecki Jun 10, 2025 ▶ 24:36 Profitable. Focused. Built for Dogs. How This Niche eCommerce Brand Got Successfully Acquired
Jun 10, 2025 positive
Insight
Gazdecki: The best acquisitions happen when builders hand off to scalers
“I think that's some of the best win-wins that I see at Acquire is you build a business to a certain point, you hand it off to someone to take it farther.”
Andrew Gazdecki Jun 10, 2025 ▶ 13:27 Profitable. Focused. Built for Dogs. How This Niche eCommerce Brand Got Successfully Acquired
Jun 10, 2025 positive
Insight
Gazdecki: Buyer preparation separates serious acquisition offers from non-serious buyers
“When you start meeting with buyers, it becomes very obvious which buyers are prepared and they've done their homework. And that should really separate, you know, serious buyers from non-serious buyers.”
Andrew Gazdecki Jun 10, 2025 ▶ 18:00 Profitable. Focused. Built for Dogs. How This Niche eCommerce Brand Got Successfully Acquired
Aug 4, 2025 positive
Insight
Gazdecki: Pre-committing to post-sale transition support yields more acquisition offers
“It's a great way to get more offers too, because you're de-risking the acquisition opportunity for buyers. The last thing, you know, the biggest fear for every buyer is, you know, I'm going to acquire this business. Now I know how to run it. The founder is goi…”
Andrew Gazdecki Aug 4, 2025 ▶ 11:15 5 Simple Steps To Get a Bootstrapped SaaS Acquired
Aug 25, 2025 positive
Insight
Gazdecki: Isolate cloud accounts across startups to simplify due diligence
“Having all of your accounts separate, not having like your AWS account mixed with four other different startups or projects just makes everything so much smoother when you get to due diligence and the transfer stage.”
Andrew Gazdecki Aug 25, 2025 ▶ 15:05 Simple Steps to Get a Bootstrapped AI Startup Acquired
Sep 24, 2025
Insight
Letting Acquisition Buyer Leads Sit for Hours Makes Them Go Cold
“Cause you know, in sales, if you let a lead sit for a few hours, it goes colder. The same exact thing applies to acquisitions.”
Andrew Gazdecki Sep 24, 2025 ▶ 10:53 What It Takes to Turn Complexity Into a Successful Exit
Sep 24, 2025 positive
Insight
Mixing Startup Codebases Creates Tangled Messes During M&A Due Diligence
“I've seen many acquisitions that are like tangled messes where They gotta reach out, see if they can transfer projects. It's much easier if you have separate containers for each business that you're building.”
Andrew Gazdecki Sep 24, 2025 ▶ 18:05 What It Takes to Turn Complexity Into a Successful Exit
Nov 18, 2025 positive
Insight
Gazdecki: Selling a startup is B2B sales requiring aggressive buyer follow-ups
“The last point's really good, because a lot of founders don't realize when you're Selling your business. You're in sales. You need to follow up. You need to share information. I cannot tell you how many acquisitions I've seen close from like the fourth follow-…”
Andrew Gazdecki Nov 18, 2025 ▶ 24:04 How This Bootstrapped App Got a Fast, Clean Exit
Nov 18, 2025 positive
Insight
Gazdecki: Setting up data rooms early prevents due diligence deal fatigue
“Setting up the data room, too, in advance is massive, because you want to be ahead of that stuff, so you keep momentum going, so it doesn't drag on during due diligence, and it delays closing, and people lose excitement, and then that's how deals fall apart, a…”
Andrew Gazdecki Nov 18, 2025 ▶ 19:30 How This Bootstrapped App Got a Fast, Clean Exit
Nov 18, 2025 neutral
Insight
Gazdecki: Founders eventually exit because software companies are rarely passed down
“Everyone will exit their business at one point or another. It's just gonna be up to them, or it's gonna be something that happens, and the business goes a different way, or it's just, it's very rare to pass a business along to your kids, or something like that…”
Andrew Gazdecki Nov 18, 2025 ▶ 21:46 How This Bootstrapped App Got a Fast, Clean Exit
Nov 25, 2025 positive
Assertion Not checkable as stated
Gazdecki: Stuart Fott holds the record for most acquisitions on Acquire
“I do believe you own the record for most acquisitions on Acquire. I haven't met anybody with as many as you.”
Andrew Gazdecki Nov 25, 2025 ▶ 0:33 The Playbook Behind 18 Startup Acquisitions
Jan 20, 2026
Insight
Gazdecki: All bad acquisitions stem from buyers and sellers not getting along
“Based on all the acquisitions I've seen, the bad ones are usually when the buyer and seller, they don't get along. Almost all of them. Actually, all of them. And then the best ones are, you know, buyer and seller get along, meaning They're on the same page. Th…”
Andrew Gazdecki Jan 20, 2026 ▶ 13:02 How Building in Public Turned Trust Into a Clean Exit
Feb 3, 2026 positive
Insight
Acquirers buy brand and distribution because they cannot be copied overnight
“It's important to remember what you're selling and what the buyer is acquiring, and it's really the brand and the customers and the profitability and the distribution. You can't copy those things overnight.”
Andrew Gazdecki Feb 3, 2026 ▶ 21:22 Why Local Habits and Simple Tech Created a Perfect Exit
Apr 7, 2026
Insight
Gazdecki: Acquire.com buyers typically look to pay around 1x multiples
“We know specifically what the buyers on acquire are looking to pay and around one multiples. And if you go outside of that interest is very low compared to if you're within the range or even a little bit below that, because you're right. That's how you create …”
Andrew Gazdecki Apr 7, 2026 ▶ 17:13 The Listing Fix That Led Utilize to a Successful Exit
Apr 7, 2026 negative
Insight
Gazdecki: Bundling multiple products in one Stripe account causes severe complications
“A lot of times what we see is founders keeping Multiple products within one Stripe account, and that's a whole new mess on its own.”
Andrew Gazdecki Apr 7, 2026 ▶ 13:25 The Listing Fix That Led Utilize to a Successful Exit
Apr 7, 2026 positive
Insight
Gazdecki: Maintaining a shared buyer Q&A document builds startup deal competition
“Living Q and A at Acquire, or if you're selling your startup, you put every buyer's questions on one Google document and you just answer the question, keep it there. And then when a new buyer reaches out, you share the document and they go in there and they se…”
Andrew Gazdecki Apr 7, 2026 ▶ 10:52 The Listing Fix That Led Utilize to a Successful Exit
Jun 23, 2026 positive
Assertion Not checkable as stated
Gazdecki: 99% of Acquire.com buyers want to retain existing teams
“The majority of buyers that we work with, I'd say 99% of them are gonna wanna, you know, take care of your team just as you have, and if that's a concern as a seller, that's always something to bring up with the buyer and just let them know, and it's a great o…”
Andrew Gazdecki Jun 23, 2026 ▶ 14:53 50 NDAs → 3 Offers: Why This Agency Drew Buyer Interest
Jul 2, 2026 negative
Assertion Not checkable as stated
Gazdecki: Founder friend netted only $6 million from a $150 million acquisition.
“I have a buddy who sold a company for a hundred and fifty million dollars, and I never asked him how much he made, and I learned recently, guess how much he made? It was a venture backed. Two, three mil. He made more than that. He made like six or seven millio…”
Andrew Gazdecki Jul 2, 2026 ▶ 15:11 6 Exits by 24: The Demand-First Startup Sale
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