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How we review startups

Our checklist for vetting startups before they go live on Microns.

Ilya Novohatskyi

Mar 6

READ IN APP

Hey everyone.

I'm glad we released the offers feature, and now I can send this newsletter weekly. I plan to share more successful startup stories so you can learn and get inspired.

Last week, we released a completely new way of acquiring startups directly through the marketplace for Premium buyers. I took time to improve the user flow and simplify many things related to offers. I hope soon we'll see the first listings "under offer".

I decided to dedicate today's email to our vetting process and share our behind-the-scenes process of reviewing listings to ensure high quality and aligned intentions. Many new users asked me why they need to pay $299/year for ability to contact founders and view metrics. I believe this issue will answer your question in full.

In today’s newsletter:

Monthly update;
Our review process;
AI SaaS platform to grow on LinkedIn with $19k in ARR;
PDF scanner mobile app playbook on making $5M in revenue last month.

P.S. Thank you to everyone who reads and shares this newsletter. I appreciate all your support. Together, we'll make Microns successful for all the founders worldwide.

👋 Welcome

Welcome to the 116 new people joining this week.

Let me know what you think of your first issue.

Want to collaborate? Drop me a DM here.

📈 Monthly update

February was a bit tough for us because revenue dropped by 30% and activity decreased by 20%. I think that’s because many people take vacations and prepare their taxes. Anyway, users chatted, so we'll see a few acquired projects soon.

Besides this, you can note that of 49 submitted listings, only 16 were published. That's because we are stricter with our listing rules. We accept only profitable projects because that's the main request from Premium buyers, and we listen to them.

My main goal is to create meaningful conversations. And this is possible only when intentions are aligned. Buyer motivation should be high to connect with founders and acquire projects; that's another reason we charge an annual contract. It sifts nonserious buyers, and sellers can be sure that every message is important.

On the other hand, we manually verify every seller and their listings so buyers can be sure to meet reliable people and not waste their time. And I want to admit it's a lot of work :)

My vision to align intensions between buyers and sellers

If you have a profitable startup, feel free to submit it, and we'll find you a buyer.

Sell Your Startup →

🔎 Our review process

As you already know, before publishing any listings we do a manual review process to ensure quality on our marketplace. First of all, we check the profiles, and if they look genuine, all sellers must have a complete profile with names, avatars, and about info. People buy from people, so it's important.

After this, we thoroughly check all information from the submitted listing. We scan websites for viruses and check domain age. Then, we ask for revenue and traffic metrics and see if they prove the provided numbers. This ensures safety and quality. Of course, you must always do your own due diligence.

Besides the listings checklist, we also help with valuations. If the seller doesn't know what price to set, we can help and suggest a few options. This way, you can attract more serious buyers with offers and exit your startup quickly.

The acquisition process is complex, so we encourage sellers to prepare for it. Prepping P&L, metrics, project documentation, and other valuable documents will give you more chances of selling. After the negotiation phase, our customer support and transfer service will help you close your acquisition smoothly.