Software engineer Label Hacked explains why he funded his acquisition of Reportee.app using personal cash rather than debt.
0:00 / 0:12exact quote · 12.1s
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“I briefly looked into it, but it's such a small acquisition that, you know, any of the loan options weren't really there. Nothing like an SBA loan or anything.”
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More from Label Hacked
Insight
Label Hacked: Taking a Product from 0 to 1 Is Harder Than 1 to 50
“It's a lot harder to take something from zero to one than it is to take it from one to 50.”
Label HackedMay 9, 2021▶ 7:31How This 29 Year Old Bought a Micro-SaaS for $20k To Save Time
Insight
Label Hacked: Expertise creates passion; chasing passion first is overrated
“Expertise really begets passion, not necessarily the other way around. So go for the expertise first. Passion is a bit overrated.”
Label HackedMay 9, 2021▶ 14:58How This 29 Year Old Bought a Micro-SaaS for $20k To Save Time
Insight
Label Hacked: Most founders benefit more from building than buying micro-SaaS
“A lot of people don't have to buy it. You know, a lot of people would really benefit from just hammering it out on their own and learning the product market fit themselves.”
Label HackedMay 9, 2021▶ 12:47How This 29 Year Old Bought a Micro-SaaS for $20k To Save Time
AssertionNot checkable as stated
Label Hacked: Fortune 500 CPG brand subscribed to Reportee.app
“Probably the fourth day that I had the app. A like fortune, 500 consumer packaged goods company opened an account a paid account.”
Label HackedMay 9, 2021▶ 5:11How This 29 Year Old Bought a Micro-SaaS for $20k To Save Time
Disclosure
Label Hacked Acquired Reportee.app for $20,000
“So all in it was 20 grand.”
Label HackedMay 9, 2021▶ 6:17How This 29 Year Old Bought a Micro-SaaS for $20k To Save Time
Disclosure
Label Hacked is treating his micro-SaaS acquisition as a mini MBA
“I'm basically going to treat it as my mini MBA. It's not a massive acquisition and I just want to kind of milk it for everything I can get from it, mostly learning.”
Label HackedMay 9, 2021▶ 4:04How This 29 Year Old Bought a Micro-SaaS for $20k To Save Time
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