Tabarnapp co-founder Derek Morin explains the high stakes of selling their core business compared to earlier minor app sales.
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“Selling our biggest app was Almost 92% of all the revenues in one app.”
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More from Derek Morin
Insight
Founders should operationally replace themselves a year before selling their company
“If we would have, if we would redo that, I think Bogdan and I would just try to replace ourselves at least a year before we actually sell the business just to make it more easy to transfer and to also shorten the period that because we will stay with them unti…”
Derek MorinFeb 7, 2023▶ 16:02Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp
AssertionNot checkable as stated
Tabarnapp's first Shopify app gained 1,000 paying customers in four months
“And then, in 2016, we've built our first Shopify app. It was called Automatic Discount. We've noticed like in the forums everyone was complaining, like why is Shopify not able to do something very simple as automated a discount based on what's in the cart. So …”
Derek MorinFeb 7, 2023▶ 1:19Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp
Disclosure
E-commerce aggregator Staytuned acquired Tabarnapp in early 2023
“And well, long story short, we sold like two weeks ago to a company called Stay Tunic.”
Derek MorinFeb 7, 2023▶ 1:54Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp
Disclosure
Tabarnapp sold a doomed side application for $40,000 on MicroAcquire
“The smaller transaction of 40,000 US or something like that on microacquire was like, for us, more like a bonus. We didn't expect that. We were about to, I mean, sorry for the person who purchased that, that listens to the podcast, but we were about to shut it…”
Derek MorinFeb 7, 2023▶ 9:49Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp
AssertionNot checkable as stated
Tabarnapp received three separate acquisition offers for its core business
“During the negotiation, because we got three different offers.”
Derek MorinFeb 7, 2023▶ 12:22Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp
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