Microns - Make an offer is live
Hey everyone. I’m so glad to come back to writing and working on this newsletter. It’s been 3 months since the last issue. My team and I have worked hard for the last 9 months on the “make an offer” feature to help you close acquisitions safely on the marketplace. The main goal is to improve the experience and provide all tools and support needed to make the really hard acquisition process as smooth as possible. The main challenge is that there are many statuses and async actions between three parties: buyer, seller, and marketplace. The service will be free for buyers and paid for by sellers. As long as buyers pay us a subscription, the sellers will pay a commission on the exit. A mix of subscriptions and commissions will help us grow sustainably and keep the quality high. Also, it will allow us to stay bootstrapped. In today’s newsletter:
P.S. Thank you to everyone who reads this newsletter and provides their help. I appreciate all your support. Together, we will make Microns successful for all the founders around the world.
👋 WelcomeWelcome to the 1,556 new people joining in the last three months. Let me know what you think of your first issue. Want to collaborate? Drop me a DM here. 🎉 Recently sold startupWe recently sold a platform for pickleball called Paddle Party. It helped pickleball players in various cities connect with each other by participating in organized leagues. At the time of the exit, Paddle Party had 1,900 customers and $91,466 in annual revenue. Most day-to-day tasks were handled by a virtual assistant (VA), with many processes automated through custom scripts. It was built using Python, Airtable, and AWS. The seller asked me not to disclose the exit price. Alex was one of our early buyers and later became also a seller. His success shows that you can have both roles if you’re the founder. I’m thankful to him for choosing Microns over and over again. If you have a profitable startup, feel free to submit it, and we'll find you a buyer. 🤝 Make an offer is releasedWe worked on this feature for the last 9 months, and finally, it’s live. You can now make offers and close deals safely on the marketplace. Buyers can initiate offers to sellers, and sellers can either accept or reject them. We’ll handle agreements, invoices, payments, and payouts to make your life easier. Most processes are automated and have a convenient UI with detailed statuses. When the seller accepts an offer, the listing becomes locked for other buyers until the acquisition is closed. It’s a great way to encourage other buyers to use this feature and ensure the deal for those who made an offer. At the end of the flow, buyers and sellers can leave their reviews to each other and rate Microns support. We’ll automatically mark your listing as sold and update analytics on your profile. Later, we’ll add badges and average ratings to make profiles stand out. I’m super happy that we implemented this functionality. When I started Microns three years ago, I only dreamt about it. We were just a directory site, but now we handle so many aspects of the acquisition. I’m grateful to my small but mighty team and everyone who supported us by being a loyal customer. From our side, we are working so hard to make the platform an awesome place for all founders around the world. 📰 Looking for new ownersMotorbikes Renting App
Asking Price: $9,000 Keyword Research Platform
Asking Price: $60,000 AI EdTech Platform
Asking Price: $108,000 💡 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 |
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You'll learn how to determine your app's value and market it to potential buyers. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Thursday, September 19, 2024
Hey guys. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
I got married!
Tuesday, August 20, 2024
Hey guys. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Mercury is going to close our bank account
Thursday, July 25, 2024
Hey guys. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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