Introducing LOI Builder: Draft & send an LOI in just 5 mins

Hey there,

Stephen here from the product team and I’ve got a BIG update for you this month!

We’ve made huge progress in two critical areas: sending a letter of intent (LOI) and escrow.

Read on to discover how we’ve made MicroAcquiring startups easier than ever…

Drafting a letter of intent (LOI) can be slow and costly. You might need legal counsel to review the wording, and then you have to upload it manually to MicroAcquire before you can send it to the founder. Delay the founder too long while drafting, and you risk losing the acquisition.

Not anymore!

Now, you can create and send an LOI in just five minutes with our LOI Builder. Available from your requests page or the startup listing, click “Make an Offer”, fill out some basic information, and then review and digitally sign it. No fiddly attachments or legal fees required.

The LOI Builder drafts the wording for you so it’s ready to send instantly, and you can download and review your signed LOI with counsel if you want. For a full overview of how the LOI Builder works, check out this video from our founder and CEO, Andrew Gazdecki:

Please note: You must be a Premium Buyer and have been granted access to the startup you want to acquire to use the LOI Builder.

To learn more about the LOI Builder, please check out the blog.

Start Escrow From Inside MicroAcquire

Acquiring a company from someone you don’t know can be daunting. To protect you and the seller from fraud, we recommend using an escrow service to safely transfer funds once you’re both happy. This removes the need for trust and safeguards your transaction until it closes.

We’ve partnered with Escrow.com to integrate escrow services into your MicroAcquire workflow. Once the founder accepts your LOI, click Start Escrow from the listing or requests page. You’ll then visit Escrow.com to start the escrow process according to the terms of your LOI.

Here’s how Escrow.com safely closes your acquisition: