Ready Chat passed $1M ARR and sold for 3x revenue
Justin Shum · Can this new AI tool grow into their $10m valuation? · Aug 11, 2023 · at 1:51
Justin Shum, founder of node.ai, reflects on the revenue and acquisition multiple achieved by his first bootstrapped company, Ready Chat.
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“If you converted that to USD, yeah, it was it broke a million and because it was a hybrid between, you know, software and services, we didn't get a huge multiplier on it. It was about three X revenue for the acquisition.”
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