Insight
Founders should ignore purchase price until late in acquisition negotiations
“You just want to be patient and see what all the offers look like what the different arrangements look like and try to remove money from the equation until the very last stretch, I'd say.”
Opinion
Lovable handles initial production well, but scaling requires moving platforms
“I think at full production, lovable's capable. I think scaling it and taking it beyond that you know, you probably want to look, you know, maybe somewhere else.”
Opinion
Broad horizontal AI software will be subsumed by foundational model updates
“In my opinion, the huge ideas are gonna be the next Anthropic or ChatGPT update, right? Like you know, having a calendar, an interactive calendar that uses AI, like, that's low-hanging fruit.”
Assertion Not checkable as stated
Miller built Seen entirely with Claude and Lovable without writing code
“I've never written a line of code in my life. If you offered me ten million dollars and said, I need you to write one line of code, well, I wouldn't make ten million dollars. Like, there's no way. So yeah, relied almost entirely on, on Claude code, Claude just…”
Assertion Not checkable as stated
Seen operated exclusively on Lovable until it was acquired
“This was completely vibe-coded never made its way out of lovable, which, like, I think looking back on it now since the platform's been acquired and sold, they've moved it to, I think it's like Vercel like a platform that's actually more customizable.”
Assertion Not checkable as stated
Seen acquired 22 customers from four organic Facebook group posts
“I think we made four posts across across, across different groups and had roughly 22 customers that we acquired from those four posts.”
Assertion Not checkable as stated
An AI SaaS for the door hinge industry generates nearly $200k MRR
“I have a business partner that I'm building another SaaS platform with, and he has a friend, they're doing almost 200,000 dollars MRR which is crazy. And they're spending heavy amount of money on, on marketing, but they're in the hinges, like door hinges space…”
Disclosure
Miller targeted an acquisition valuation of 1.5x ARR for Seen
“For me, that was like, you know, one and a half years of revenue. Something that I felt like was pretty modest”
Assertion Supported
Miller's side hustle mold remediation business expanded to six US locations
“Started a side hustle doing mold remediation of all things, so black mold that's in people's homes. Did that on the side out of my garage. Flash forward four years later, we have six locations and we're all over the United States”
Assertion Not checkable as stated
Listing Seen on Acquire.com generated seven to eight signed NDAs
“And yeah, I think after posting it, I had roughly seven or eight people that were, you know, had at least signed an NDA to, you know, to get more information or to do some due diligence.”
