Corey Lynch, founder of Solodrop, discusses lessons learned from his company's acquisition on Acquire.com.
0:00 / 0:13exact quote · 13.0s
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“Don't intentionally or unintentionally ignore a prospective buyer. I think that's, you know, just be on it because the one, the person that I sold my business to, like I said, was not really like first in mind.”
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More from Corey Lynch
Opinion
Lynch: 2010 App Development Cost Triple Current Rates
“At the time, this was, you know, development was probably triple the cost. You know, than it is now to get this sort of thing done.”
Corey LynchOct 31, 2023▶ 1:44Startup Acquisition Stories with Cory Lynch, Founder of Solodrop
AssertionNot checkable as stated
Lynch: A single TikTok generated two million views and $10k for Solodrop
“So I made a TikTok account and within like a month, I think I got like 1.5 to two million views on a couple videos and it did really well. Yeah. And it generated like, I don't know what it was. I think it was like getting close to like 10 K in revenue for the …”
Corey LynchOct 31, 2023▶ 8:45Startup Acquisition Stories with Cory Lynch, Founder of Solodrop
What-if
Lynch: Solodrop would have sold for half without its subscription transition
“I think if I sold it eight months prior, it would have been like half the value that I sold it for.”
Corey LynchOct 31, 2023▶ 25:01Startup Acquisition Stories with Cory Lynch, Founder of Solodrop
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