Mercury is going to close our bank account
Hey guys. This month, Microns is celebrating its birthday - 3 years! 🎂 Time flies, and I remember how I started this project from my parents' house. I didn’t have funding; I just used my salary from the agency. And it was beautiful because limited resources generate creativity. The marketplace is slowly gaining traction, and I see great potential. So, the next step will be to monetize sellers to make it a profitable venture without VC money. I don’t want to raise money and become dependent on someone else’s desire to get an excellent ROI in the next 3-5 years. I want my customers to become my investors because that’s the most reliable revenue source. That way, I can ensure I build a marketplace our customers use and love. In today’s newsletter, you’ll learn :
👋 WelcomeWelcome to the 331 new people joining in the last 20 days. Let me know what you think of your first issue. Replying helps Google realize it’s not a spam. Want to collaborate? Drop me a DM here. 🎨 What’s new on Microns1) Save as a draft. I always simplify anything possible to make things easier and faster. However, when selling a business, you must provide a bare minimum of information so potential buyers can decide to contact you. So, instead of losing information that you filled you can save listing as a draft and continue working on it when you have a time. 2) New team member. Earlier this month, I hired an operational manager. Oksana will review new listings and answer support inquiries. This way, I can focus more on product development, content, and growth. 🏦 Mercury issuesAt the start of the week, I received this email. It says that Mercury will stop serving founders located in Ukraine. When I read it, I was overwhelmed. Why did they put Ukraine on the same list as Russia and Iran? It was nonsense for me. So I got furious and posted about it on X. Then, I figured out the real reason behind this suspension. OFAC (U.S. Department of the Treasury) sanctioned occupied Ukrainian territories. This means that financial companies must monitor and block any activity from those regions. Mercury takes so many resources to implement proper monitoring that blocking an entire country is easier. Boom! There were plenty of hot discussions on X, and the founders were angry about this change. I analyzed every reply and got many DMs. In the end, what doesn’t kill us makes us stronger. So I learned a few positive things from this situation:
I can tell only one thing: Customers remember how you behave with them. So, none of the blocked businesses will return to them. The trust was lost. 🚀 Popular startups for saleAI Art Generator App
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Asking Price: $120,000 💡 Wisdom from subscriber💌 Share with a friendIf you found value in reading this newsletter, please share it with your friend. To view previous newsletter issues, check our library. Stay awesome, Ilya Novohatskyi |
Older messages
Escrow.com ruined 6-figure startup acquisition
Thursday, July 4, 2024
Hey guys. These two weeks went by super fast. Still building the best marketplace for founders during wartime. It's challenging but exciting. I have a roadmap for this year that I have already
How to win on Product Hunt in 2024
Thursday, June 20, 2024
Hey folks. Glad to write to you this newsletter. On my last issue I received so much positive feedback from people I truly value. Thank you. In today's episode: New things on Microns; My experience
We’ve got 1st place on PH
Thursday, June 6, 2024
Hey guys. It has been 38 days since my last newsletter. After our successful PH launch, I took time to rest and spent some time on operations and development. I revised this newsletter a bit and now
We are on Product Hunt today
Tuesday, April 30, 2024
Hey everyone, It's been three years since I launched Microns for the first time. And many of you loved it 🥰 I'm going to do it again and launch our brand-new version on Product Hunt, but
He sold 4 micro-startups on Microns
Thursday, April 25, 2024
Hey guys. This month I spent preparing our marketplace for Product Hunt launch. We fixed many bugs and prepared platform for high load. Thank you everyone who provided feedback, it makes our project
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