Achard accepted a lower all-cash acquisition offer to avoid seller financing
Chris Achard · Startup Acquisition Stories with Chris Achard, Founder of AcornChat · Sep 7, 2022 · at 4:39
Chris Achard describes the acquisition process for his micro-SaaS application MeetingPlace on MicroAcquire in an interview with Andrew Gazdecki.
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“So I got maybe 15 requests in, like, under a week and then I got two really serious people talked to them on on Zoom, and they, so I got Offers from both of them. And one of them was more like he was a developer like me. He wanted to pay all cash. He was like excited about the product. And then the other one was a little it seemed like he was building a portfolio of things. He wanted some more like ongoing support for me. And like I mentioned, so I just started a master's program as well. So I had a master's program at consulting. And so I kind of just wanted to be done with it. Right. So he wanted to pay out over time and it was actually more money, but over a longer period of time. So those were kind of my two options. And yeah, so I chose the all cash up front.”
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