Just sold our SaaS for 6 figures. Honest lessons I wish I knew - would have saved me time

[matthijsdj]

@clmorgan Yes I was talking about this one. I deleted the comment. Sorry and congrats

 

[katieflute]

@clmorgan What was your acquisition price multiple on profit?

 

[clmorgan]

@katieflute I have a confidentiality clause from acquirers Wish I could disclose... on social, I used to share very transparently all the numbers for other companies

 

[katieflute]

@clmorgan Confidentiality on the multiple? I’ve bought and sold on Acquire and Flippa. Never seen that. Just wanted to get a sense of the market now

 

[sara716]

@clmorgan

Innovation is for geniuses and losers

I like that quote. One needs some humility to admit that.

 

[613jono]

@sara716

Starts an SEO agency in 2023

Going to go with "loser" on this one

 

[thefirstoftheseconds]

@clmorgan Are you going with the SEO strategy for SaaSPad.co ? Besides your main webpage, I am not seeing other pages that drive traffic.

Curiosity is all.

 

[clmorgan]

@thefirstoftheseconds If we validate the business, sure, in the future we'll do that too

 

[thefirstoftheseconds]

@clmorgan How are you currently validating?

 

[clmorgan]

@thefirstoftheseconds Posting on Twitter, talking to founders, this post, etc. Trying to see if people buy this - and if they do, how strongly they feel about it. Just that to be honest

 

[kenneths]

@clmorgan Regarding copying other ideas, what if you heard of an idea that just got funded by some big name VC fund and you thought you could had original ideas that could take such an idea further?

 

[clmorgan]

@kenneths If it's VC-funded you can even copy shamelessly - again, don't infringe on copyright, so don't 1:1 copy as that's illegal. So don't copy names, IP, exact 1:1 screens, etc. But you can copy THE WAY IT BRINGS VALUE TO THE USER

If you can do it while making it yours - you actually "deserve" it better, since you're doing better than the funded competitors. And if you're not doing better but you're still getting a piece of the pie... good for you! They toiled so hard to create the industry and carve a path - and you're piggybacking them!

even if you pick a subset

I got copied blatantly with my first company - multiple times. Didn't get mad - just looked and said "hey, they got 80% of our upside, with 20% of downside, since we carved the path. Let's do something like that next time for our next company!"