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MenuClosing our Software Company - How can we find someone interested in buying our Live Apps and Traffic?
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Having just completed a top notch Accelerator program I can tell you that even in the great programs not every company survives. Accelerators and their coordinators are a good resource for entrepreneurs who may be in search of additional opportunities.
That group of people varies greatly in terms of their liquid resources. Some have funds to reinvest while others have no cash at all, so it also depends on what you are looking for. Straight cash, versus a transition to silent partnership, for example.
You should definitely check out Flippa.com (Or you can visit them on AngelList) I have no vested interest, just an idea.
You're looking for a very niche buyer. I've worked with a group of college students that had an array of backend platforms that they decided to sell off because they got offered at a large tech company.
What we did was group the platforms into packages and see what type of buyer would find them to be beneficial. With your level of revenue, very few people will be interested in buying it to continue running it; even if they did, they wouldn't value your company very highly.
Best option is to find a company that can forego their R&D and just integrate what you have into their overall product/service. You'll get a better value if they come to you first so the strategy would be to peak their interest without knocking on their door.
A platform or website is not going to help you sell this. Most M&A brokers would also find the value to be too low to get involved, but there are a few that work in this level.
Feel free to contact me if you have more questions.
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19 year old with a start up idea that doesn't really know where to start.
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What would be a good answer for describing the size of your company to a potential prospect who might consider you too small to service their account?
What an awesome question! Businesses are running into this issue more frequently that ever, good news is, it can be done. Having worked on projects with oDesk, Fox Television and Wikipedia and having a very very small staff, it's certainly possible. Here's how I say it in our pitches to larger organizations: "Tractive West provides tailored video production services to organizations of all sizes. We have developed a distributed workflow using the latest digital tools. We leverage our small creative and management team with a world wide network of creative professionals, that means we can rapidly scale to meet the demands of any project while keeping our infrastructure and overhead lightweight and sustainable." Cheers and best of luck.SM
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