Disclosure certainty 4/5 debate potential 1/5

Tabarnapp sold a doomed side application for $40,000 on MicroAcquire

Derek Morin · Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp · Feb 7, 2023 · at 9:49

Derek Morin, co-founder of Tabarnapp, discusses selling an unmaintained secondary application on MicroAcquire before pursuing the sale of their main portfolio.

0:00 / 0:30exact quote · 30.8s
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“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 down because we didn't have, Yeah, we used to be 10 people in the company. We went down to only three people, so we didn't have anyone to actually be able to know how the app works. So we needed to get rid of it.”

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
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 Morin Feb 7, 2023 ▶ 16:02 Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp
Assertion Not 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 Morin Feb 7, 2023 ▶ 1:19 Startup 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 Morin Feb 7, 2023 ▶ 1:54 Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp
Assertion Not checkable as stated
Tabarnapp's flagship application generated 92% of the company's total revenue
“Selling our biggest app was Almost 92% of all the revenues in one app.”
Derek Morin Feb 7, 2023 ▶ 10:45 Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp
Assertion Not checkable as stated
Tabarnapp received three separate acquisition offers for its core business
“During the negotiation, because we got three different offers.”
Derek Morin Feb 7, 2023 ▶ 12:22 Startup Acquisition Stories with Derek Morin and Radu Bogdan, Founders of Tabarnapp
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