Nico Ginan: Startup buyers evaluate numbers alone, not tech or founder attachment
Nico Ginan · Startup Acquisition Stories Ep #112 | Making $250,000 on His Second Sale on Acquire.com · Sep 19, 2024 · at 23:18
Indie hacker Nico Ginan discusses advice for entrepreneurs selling a business after completing his second startup acquisition on Acquire.com.
0:00 / 0:14exact quote · 14.7s
720p mp4 · rendered on demand · StarZero watermark
“There is emotional attachment to the product, but it's not worth anything for the buyer. So even if you think your product is like your baby, it's not the case for the buyer. And I think most of them will buy based on the number alone, not the, oh yeah, it's a nice tech, et cetera.”
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 Nico Ginan
Ginan: Optimizing sales funnels is pointless if users don't use the free app
“Do people actually use the app? Because if they don't use the app, then it's pointless to try to optimize for Like sales and stuff like that to make a nice funnel if they just don't even use the free app.”
Ginan: AI startups cannot pause development without risking losing everything
“Since it's AI, AI moves super fast. So within a few months you get new competitors and stuff like that. So it's not possible to just Do nothing when you have something in AI, in my opinion, just too much stress. So that's one of the major reasons that I wanted…”
Nico Ginan: Prefers $200,000 cash exit immediately over waiting for $300,000
“I don't like, I don't want to risk losing a decent offer because of the, like, potentially I could get a better one, potentially. So I would rather get 200,000 today than three and like 300,000 in six months or something.”
Nico Ginan: Underpricing a startup creates bidding wars and higher sale prices
“Like, don't overvalue your products, and it's, as we mentioned earlier, I think it's really worth maybe pricing slightly under what you had in mind to get more offer, and then raise the bids, because, like, it's like a restaurant. If you go to a restaurant and…”
Ginan: Every project built without a personal problem failed
“I think all the project I made using this concept. Failed in a way or another. Like for this one, I had the problem myself. I was like, okay, I tried to transcribe this and it didn't work well. So there is like, I had the need already. But for others, it's jus…”