Texting platform sells for 2.1x revenue ✋🏽

September 13, 2022
​Read on web​

In 2012, Chad Boyd was sitting in church when he had an idea.

As the congregation dropped cash and checks into an offering bucket, he knew there had to be a more seamless, cashless way to donate.

Later that afternoon, the lifelong programmer developed the first version of Txt2Give.

The platform, which allows people to donate via text message using a credit or debit card, grew organically through positive reviews and word of mouth.
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That word-of-mouth growth helped the company make thousands of connections with churches, charities and nonprofits.

Over his eight years leading Txt2Give, the SaaS platform enabled nonprofits to collect over $1.5 billion in donations by the time it was acquired in 2020. At sale, it had about 1,200 active paying customers.

Check out how Boyd grew and sold Txt2Give for 7 figures👇

📱After collecting $1.5 billion in donations, revolutionary Txt2Give sells for 2.1x revenue​

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Behind the business

It took me a while to get to it — I've been busy building this company! — but I finally published a piece about launching They Got Acquired.

​Launching a media company: The early days of They Got Acquired​

I hope you'll find some insights you can apply to your own business. But the honest truth is, I write these posts mainly for me.

Startups move quickly, and a few months from now I'll look back at this and think, wow, look at how my perspective has changed! Look at how much we've achieved! Marking these moments in time helps me remember how far we've come.

A few details I share in this post:

• The most challenging parts of launching this brand
• How I got past the urge to pick a "perfect" idea for a company
• The best thing we did during launch to set ourselves up for success

I've got another post coming next week that reviews where we are six months after launch, including how much I've personally invested into the brand by this point.

If there's anything else you want to hear about, let me know.

See you next time,

Lexi Grant
Founder & CEO
​They Got Acquired​
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P.S. We're building a list of grants for entrepreneurs. If you've won a grant or heard of a grant you think we should know about, please reply to this email and let us know.

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Our mission is to redefine startup success by showcasing companies that sell for $100K-$50M. Learn more about us or follow us on Twitter.

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