FOMO's product rebuild was financed with an $80k zero-APR credit card
Ryan Kulp · How to Acquire a $180k Revenue SaaS Company for $3k With Ryan Kulp · May 28, 2020 · at 8:04
Ryan Kulp, founder of Fork Equity, explains how he and co-owner Justin Mares funded the development and rebranding of NotifyApp into FOMO.com without outside equity capital.
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“We just got a Chase credit card, 12 months, zero percent APR interest, and I think we put, like, 70 or 80 G's On that card. And then like month 10 of the of the accrual, we paid that off in full. So again, paid no interest and essentially did like a 80,000 dollar raise with no interest in addition to the seller side finance.”
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