Userfeed generated 40 buyer inquiries and three acquisition offers in two weeks
Landon Bennett · Startup Acquisition Stories with Landon Bennett Founder of Userfeed · Nov 15, 2021 · at 7:23
Landon Bennett, co-founder of Userfeed, describes the buyer funnel and timeline after listing the company for sale on MicroAcquire in December 2020.
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“Probably 40, just like within the first like week or so, we had like 40 people reaching out, you know, requesting more information. I basically would, I spent a good amount of time kind of like weeding through those just to make sure that they were legit and, you know, not competitors and like that sort of thing. And we probably dwindled it down to about, I don't know, let's say around 20. That we were like went a little bit further with or jumped on a call with. And then from that 20, we kind of like went kind of the next step of going through a little bit more due diligence with about 10 of those. And then we ended up getting about three offers. And this was all within the timeframe of about. Two weeks, basically.”
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