Yahia Bakour, co-founder of Stock Alarm, reflects on the timeline of selling his financial alerting startup to an acquirer via Acquire.com.
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“Like I think an under like start to finish and one where I started looking seriously was like three and a half months.”
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More from Yahia Bakour
Disclosure
Bakour: Rejected Higher Offers to Avoid Seller Financing and Lengthy Onboarding
“So there was a lot of things that we were also interested in other than just cash. So like some buyers were like, Hey, we want you to spend three months onboarding our team afterwards. Right. And even if they're offering more, we wouldn't necessarily be intere…”
Yahia BakourJan 9, 2024▶ 14:02Startup Acquisition Stories with Yahia Bakour, Co-founder of Stock Alarm
Insight
Bakour: B2C Apps Face Harder Early MRR Milestones Than B2B SaaS
“You're like struggling so hard to get people to pay like five dollars a month for an app. Meanwhile, businesses could be like, 40 dollars a month easily for like a SaaS thing or whatnot. Which also makes it really hard to get past that first, like a hundred MR…”
Yahia BakourJan 9, 2024▶ 3:19Startup Acquisition Stories with Yahia Bakour, Co-founder of Stock Alarm
AssertionNot checkable as stated
Bakour: Stock Alarm's Recurring Revenue Tripled During GameStop Trading Surge
“Our RR, like, tripled in one month. That was, like, one of our best months ever.”
Yahia BakourJan 9, 2024▶ 16:57Startup Acquisition Stories with Yahia Bakour, Co-founder of Stock Alarm
AssertionNot checkable as stated
Bakour: Hundreds of Wealth Management Firms Used Stock Alarm's Individual Plans
“Because we had a couple of hundred wealth management firms using it on individual plans, right? Like one person from this firm or one person from that firm.”
Yahia BakourJan 9, 2024▶ 17:18Startup Acquisition Stories with Yahia Bakour, Co-founder of Stock Alarm
AssertionNot checkable as stated
Bakour: Joined Stock Alarm when it had roughly $100 MRR
“Actually I was not, I did not start Stock Alarm originally. I actually joined when it was still like a hundred, MRR, roughly.”
Yahia BakourJan 9, 2024▶ 1:15Startup Acquisition Stories with Yahia Bakour, Co-founder of Stock Alarm
Disclosure
Bakour: Stock Alarm Launched Phone Call Alerts Months Before Text Messages
“So the phone call feature was the main thing that kind of hooked people in. We added phone calls, like, I think like eight months before we added text messages, for example. So phone calls were in v-zero of the app, right? And then later on, we added texts, wh…”
Yahia BakourJan 9, 2024▶ 6:00Startup Acquisition Stories with Yahia Bakour, Co-founder of Stock Alarm
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