The Ledger
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Kosarek: Crypto payments may become standard for Shopify transactions in 2022
“And then also we think this could be an interesting year where alternative forms of payments start to take off, right? The crypto wallets And other, you know, any cryptocurrency based payment out there may become more of a norm for a Shopify transaction than i…”
Kosarek: E-commerce merchants with under $10M revenue lack fast exit options
“A merchant maybe, you know, making in the one to ten million revenue range doesn't have as many options to pursue a fast and easy exit as you know, merchants that have achieved, you know, escape velocity above that ten million dollar mark.”
Kosarek: OpenStore plans to keep acquired brands intact rather than breaking them up
“Our long-term strategy is to acquire as many of these businesses as we possibly can and take into account that we want to leave The brands completely intact. We don't want to sell them for parts. We don't want to shut them down. We want to leave, you know, the…”
Kosarek: OpenStore can generate acquisition offers in 24 hours
“Assuming you come to the front of our website, you submit the data we need to generate our offer. If you're a fit for the criteria I just mentioned we can turn around a price in 24 hours, and you can accept that price in 24 hours, too.”
Kosarek: OpenStore requires $500K+ revenue and 50% US customers for acquisitions
“We'd like to see at least 500 K in revenue from the last 12 months, trailing 12 months. We also like to see that Shopify makes up a sizable percentage of the overall business, so at least 70% of sales we need to see coming from Shopify. And then also we need t…”