Assertion certainty 4/5 debate potential 1/5

Kim: Acquire.com listing generated 10 to 12 buyer inquiries on day one

Josh Kim · Startup Acquisition Stories with Josh Kim, Founder of The Cubby · Aug 15, 2023 · at 35:53

Josh Kim discusses listing The Cubby for acquisition on Andrew Gazdecki's platform, Acquire.com.

0:00 / 0:07exact quote · 7.0s
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“The first day we were approved, I had, like, 10, like, 10 to 12 different people reach out, like, immediately”

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 →

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Insight
Kim: Founders should focus on solving personal problems, not monetization ideas
“The number one question that my mentor shared with me, and that I came to, came back to over and over again, it was, what is a problem I can solve? And what is the biggest problem in my life? It wasn't, what is your idea? What is the business you want to grow?…”
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Assertion Not checkable as stated
Kim tested 50% transaction fees on his manual campus marketplace MVP
“Like, I was making money, and I was actually implementing manual transaction fees just to see. I, we actually played, I played around transaction fees to a point where I would get 50% transaction fee, and it was crazy because, like, these students wouldn't car…”
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Insight
Kim: Founders should build personal friendships with their prospective acquirers
“Be friends with your, with the person who's going to acquire you, with the group that's going to acquire you, whoever your main correspondence is.”
Josh Kim Aug 15, 2023 ▶ 47:28 Startup Acquisition Stories with Josh Kim, Founder of The Cubby
Assertion Supported
Kim: The Cubby eventually gave 100% of marketplace sales fees to students
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Insight
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Disclosure
Josh Kim self-invested $5,000 of personal savings to build The Cubby
“And so I think I self-invested like five grand At the time, and that was almost all the money I had, but I truly believed in it.”
Josh Kim Aug 15, 2023 ▶ 16:28 Startup Acquisition Stories with Josh Kim, Founder of The Cubby
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