escrow

6 statements across 5 episodes · 4 bullish · 1 bearish · 5 people on the record · first statement Sep 7, 2022 by Chris Achard · across every show →

Everything said about escrow, oldest first

Sep 7, 2022 negative
Insight
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…”
Chris Achard Sep 7, 2022 ▶ 7:49 Startup Acquisition Stories with Chris Achard, Founder of AcornChat
Jan 24, 2023
Insight
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…”
Sam Lillicraft Jan 24, 2023 ▶ 8:12 Startup Acquisition Stories with Sam Lillicrap, Founder of Alignr
Apr 25, 2023 positive
Disclosure
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.”
Varun Kundra Apr 25, 2023 ▶ 7:29 Startup Acquisition Stories with Varun Kundra, Co-Founder of Beam Commerce
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
Aug 1, 2023 positive
Disclosure
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.”
Moustaid Ayoub Aug 1, 2023 ▶ 7:41 Startup Acquisition Stories with Moustaid Ayoub, Founder of Fastdok
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
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