They Got Acquired - Because mission matters 💙

Sept. 23, 2022
​Read on web​

Have you ever ordered an item on Amazon and been offered a discount if you’ll instead subscribe to receive that item every month?

If so, you’ve witnessed the trend towards converting one-off sales into recurring revenue.

The recurring-revenue business model is highly popular, and for good reason.

Recurring revenue offers distinct advantages for owners, both while you operate your business and when you’re looking to sell.

How can recurring revenue help you get top dollar when you sell your business? And how do you create that model?

🤑 Recurring revenue: Why it’s the gold standard when you sell, plus how to lean into this model ​

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Joining forces for social impact

The mission of Ignite Digital Strategy Group is a bit different than most other full-service digital and brand agencies.

And as it turned out, that differentiator helped founder Jeff Rum sell the company.

Based in the Washington, D.C. area and founded in 2015, Ignite works with mission-driven organizations, including nonprofits, foundations and associations.

After COVID-19 took hold, revenue increased by several million each year and the company tripled its employee headcount.

Then Ignite merged with another mission-based firm👇

🤲 Focusing on social impact helped this digital agency attract an acquirer​

Got an acquisition offer?

It's easy to jump when an offer comes your way, but here's some advice from Lindsay Pinchuk, who exited parenting community Bump Club & Beyond:

"Make sure you take your time, do YOUR due diligence and don't feel pressured to make a decision until you are completely comfortable and satisfied with the terms...

Just remind yourself that THEY approached YOU."

See you next time,

Lexi Grant
Founder & CEO
​They Got Acquired​
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P.S. We are close to releasing our report on 25 content & media companies that have sold!

If you're building, selling or buying in this space, keep your eyes on your inbox over the next couple of weeks.

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About us 👋

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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