They Got Acquired - 200 customers when this app sold

December 17, 2024
​Read on web​

Did you grab our newest report when it went live yesterday?

It covers 12 companies that:

• Bootstrapped their way to a sale
• Sold for $10M+

A strategic deal for this coaching app

The popularity of wearable devices means many of us have access to data about our health.

But how, exactly, should you act on that data?

That’s the problem Patrick Samy set out to solve for himself beginning in 2016.

He worked with a doctor named Adam Bataineh, who specializes in longevity and prevention. Over the course of six months, they optimized Samy’s lifestyle, which led to better mental clarity and energy levels and even better performance in his tennis games.

So the two decided to go into business together, creating a coaching company called Span, which aimed to solve this problem at scale.

“More and more wearable devices, smart scales, consumer lab tests or scans were available on the market for people to use,” said Samy, who previously worked on the Skype team at Microsoft. “What does this report from my blood test tell me? And what does that mean in terms of where I need to change?”

They hit upon a real need – and 6 years after launching the business, sold it to sleep gear company Eight Sleep for 7 figures.

Here’s how this strategic deal came about:

​How a health coaching app with $300K ARR fit into this strategic buyer’s roadmap​

Sponsored by

How much is your business really worth?

You started from the bottom; now you’re here.
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But where exactly is here? Do you know the value of the business you’ve put so much effort into building?​
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​Don’t waste valuable time guessing or wrestling with complicated formulas. Empire Flippers’ free Online Business Valuation Tool makes it easy to calculate the value of your business in just minutes.

Here’s how it helps:

• Accurate valuation: Get a clear estimate based on real-time market data.
• Plan your exit strategy: Identify the right time to sell for maximum profit.
• Identify growth opportunities: Spot the areas that can boost your business’s value

Whether you’re planning to sell or just want to track your next big milestone, knowing the value of your business is the key to smarter, more confident decisions.

Biggest levers for increasing your sale price

When I meet with founders who want to sell their business, they often ask: What are the biggest levers for increasing my sale price?
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This carousel on LinkedIn reviews a few of the ideas I typically share:

See you next time,

Lexi Grant
Founder & CEO
​They Got Acquired​