Disclosure certainty 4/5 debate potential 1/5

A last-minute buyer offered $4,000 over asking price for Jump Studios

JJ Englert · Startup Acquisition Stories with JJ Englert, Founder of Jump Studios · Nov 29, 2022 · at 10:22

JJ Englert, founder of Jump Studios, discusses selecting an acquirer for his startup with MicroAcquire founder Andrew Gazdecki.

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“And then the last moment, a new buyer emerged and offered 4000 dollars more than asking price.”

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More from JJ Englert

Insight
JJ Englert says no-code accelerates product-market fit and cuts maintenance costs
“It's advantageous to build on no code in many ways, especially in these early days, because the cost to maintain it is lower. The ability to ship is faster, and that gives you the ability to move quicker and to adjust to your customer's needs faster, which hel…”
JJ Englert Nov 29, 2022 ▶ 3:53 Startup Acquisition Stories with JJ Englert, Founder of Jump Studios
Assertion Not checkable as stated
JJ Englert built Bubble no-code systems processing 20 million monthly workflows
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Disclosure
Englert used public demos and P&L records to filter out casual buyers
“The biggest thing that I did was I recorded a demo, I recorded customer interviews, and I made my P&L public, and I was like, here's everything, right? Don't really come at me unless you're ready, you've watched all that, and you're ready to actually have more…”
JJ Englert Nov 29, 2022 ▶ 15:05 Startup Acquisition Stories with JJ Englert, Founder of Jump Studios
Assertion Not checkable as stated
Englert failed to sell his first $300K startup because it lacked revenue
“I tried to sell my first tech startup, the one I invested like 300 grand into, but it had no revenue, and I couldn't even sell it. I couldn't even sell the technology for it, right?”
JJ Englert Nov 29, 2022 ▶ 16:58 Startup Acquisition Stories with JJ Englert, Founder of Jump Studios
Assertion Not checkable as stated
A single LOI triggered four competing buyer offers for Jump Studios overnight
“There was one night where like one person sent an LOI out of the blue. And then I got like four more right away.”
JJ Englert Nov 29, 2022 ▶ 18:28 Startup Acquisition Stories with JJ Englert, Founder of Jump Studios
Assertion Not checkable as stated
JJ Englert spent $300,000 and 2.5 years building a .NET startup
“My first startup, non-technical founder built on a .NET stack. We spent over 300,000 dollars in the technology. We were just spent the whole time, two and a half years, just trying to make the technology work.”
JJ Englert Nov 29, 2022 ▶ 6:51 Startup Acquisition Stories with JJ Englert, Founder of Jump Studios
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