Achard: Never skip formal escrow services in micro-startup acquisitions
Chris Achard · Startup Acquisition Stories with Chris Achard, Founder of AcornChat · Sep 7, 2022 · at 7:49
Chris Achard discusses selling his micro-SaaS company MeetingPlace, explaining how he and the buyer handled payment transfers across the US-Canada border without a formal escrow service.
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“Like part of it, it's, you know, it's not like a million dollar sale or anything like that, and so we didn't feel like we needed like a real escrow, I guess, which, you know, probably goes right a lot of the time, and I don't recommend it, because if it goes wrong, then it really goes wrong, but it went right for us,”
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