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Joined 15 years ago
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Joined 15 years ago
Personally I'm not big on ideas that absolutely require scale to succeed. As for market, it really depends on the market and idea as a whole. I prefer consumer facing companies that are not vertical specific.
2] If you count from the first line of code written till acquisition... 25 months. If you count from public launch till acquisition... 21 months.
3] We weren't looking to sell. Things just happened that way and the overall reason for selling is a lot more complicated than I'd like to dive into at the moment.
4] Total acquisition valuation was $15M. Since we didn't raise outside capital (no angel or VC investments), there was no dilution. There were two cofounders (myself and one friend) and two early hires that were vested. If it matters, we were cashflow net positive at the time of acquisition with over a dozen employees.