Pierre DeWulf is the co-founder of ScrapingBee, discussing the financial impact of joining Rob Walling's TinySeed accelerator during the COVID-19 pandemic.
Insight
DeWulf: Hire developers who write, not writers who code
“So first we started looking for developers who wanted to write and not for writers who knew a bit how to code. So with that in mind, we're able to have writers who were really in terms of Technology, like technologically very top notch, you know, they knew eve…”
Insight
DeWulf: Commodity SaaS products cannot ignore competitor pricing to win customers
“I think it's just, I mean, for us, it was completely wrong. I mean, you cannot just ignore it, especially in our market, we're, yeah, commodity products. So you need to be, you need to have a sexy pricing table if you want people to at least give you a chance.”
Disclosure
DeWulf: A Big Tech cease-and-desist halted our first acquisition process
“And then we just received, we received a big, frightening cease and desist from one of the five biggest tech companies in the world. Of course, everyone got frightened about it. We had to abort the sales process.”
Disclosure
DeWulf: Oxylabs acquired ScrapingBee in an all-cash deal
“So this was very what seduced us, and it was also a full cash offer, which was the best for us.”
Assertion Not checkable as stated
DeWulf: Two previous ScrapingBee acquisitions fell through before the final exit
“We almost sold the business two times. So, one time season desist, but the time before, we were two weeks before closing the business, and we actually received an email from the acquirer telling us, hey, we need to talk, and boom, they no longer wanted to rais…”
Disclosure
DeWulf: ScrapingBee sold at peak growth to avoid an eventual slowdown
“Scraping really was in very good position to be sold in terms of revenue, growth, and all, and we didn't want to wait for the growth to slow or to even decrease before selling it.”