Nurmagomedov: Restpack sold for upper half million dollars
Arsen Nurmagomedov · Startup Acquisition Stories with Arsen Nurmagomedov Founder of Restpack · Nov 15, 2021 · at 10:31
Restpack founder Arsen Nurmagomedov reveals the acquisition price range of his company in an interview with MicroAcquire founder Andrew Gazdecki.
0:00 / 0:03exact quote · 4.0s
720p mp4 · rendered on demand · StarZero watermark
“Yes, it's like upper half million dollars.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Arsen Nurmagomedov
Nurmagomedov: VCs buying small SaaS move too slowly and lowball valuations
“You know, there are a few VC firms that are buying small sales businesses, but with them, it was like, it take too much time to evaluate the business. They, and their valuation is really, really low. I mean, maybe the starting point for them, you know, so I wa…”
Restpack operated for over a year without a single code change
“It didn't require any maintenance. We just build it on auto scale and work for like more than a year without touching in the line of code.”
Nurmagomedov: Restpack Acquired for 100% Upfront Cash
“Almost most of them offers like seller finance or something like that, but we, we're just looking for, we just looked for upfront payment with all cash. So we just eliminated some of the buyers and we, with this buyer, we got a hundred percent in cash all of .”
Nurmagomedov: Previous media startup exited at around $6 million valuation
“The valuation at that time was like six million dollars or something, and I just exited.”
Nurmagomedov: Restpack acquisition closed in about three and a half weeks
“And we just closed the deal in like three weeks or four or something.
It was really quick.
Three or four, yeah.
Actually, it was supposed to close it three weeks, but he had some problems with paperwork, so it was like three and a half or something.”