They Got Acquired - She sold to TechCrunch

October 10, 2023
​Read on web​

We often see entrepreneurs sell to a buyer in their network.

Sometimes the buyer is a client or a partner. And sometimes the relationship is even closer than that.

Connie Loizos was working as a TechCrunch editor while also running her VC newsletter, podcast and events business, StrictlyVC.

After juggling both for years, she sold to a partner she knew well: her employer.

They closed the deal in August 2023 for an undisclosed price, and Loizos moved into a new role at TechCrunch as general manager and editor-in-chief.

Loizos operated as a solopreneur, growing the newsletter to 60,000 subscribers before she sold. Here’s our full story:

​How this TechCrunch editor built her VC newsletter and sold it to her employer​

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Behind the Business (of TGA)

One of the hardest parts of entrepreneurship is making the call to shut something down.

These are also the most important choices we make, because it creates space for new priorities.

Don't worry, I'm not shutting down They Got Acquired! We are going strong!

But we did shut down a little piece, a small beta community we were experimenting with.

It was a piece I really enjoyed, because it aligned so closely with our mission of supporting founders. It was a meaningful project.

But when I looked at the bigger picture, I realized shutting down that piece was a step in the right direction.

That's because a "no" in one area is a "yes" in another.

Declining one opportunity means having energy to pour gas on another.

Protecting my time and energy — even when it means shutting down something down I want to build — is the only way to meet my bigger goals.

So when you find yourself mourning over putting a project to bed, remember: you've made room for bigger things around the corner.

See you next time,

Lexi Grant
Founder & CEO
​They Got Acquired​

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P.S. Our next report will focus on newsletter businesses. That's coming your way this month.​