🔥 Domain Special: 5 .coms ready for developing
🔥 Domain Special: 5 .coms ready for developing
Plus: 🎯 How to target successful acquisitions and conduct due diligence
2️⃣ Projects available right now
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✉️ Weekly newsletter for web design and UI/UX professionals | 18,000 subscribers from US, UK and Canada, 52% open rate, 4% click rate. | Asking price $19k (Asking price seems high, but the asset appears to be quality. Perhaps the seller is open to negotiation.1)
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🎯 How to target successful acquisitions and conduct due diligence
Andrew Pierno, founder of XO Capital, has learned a lot about due diligence after acquiring 11 successful projects and, to date, 0 failed projects. When targeting acquisition prospects Andrew says..
We've bought stuff that already had a growth rate and just kept at it for years. […] The more we can buy mission-critical products, the better our odds are of thriving in a downturn. People churn out of unnecessary software when the economy goes south.
Andrew shared his approach to due diligence in a recent interview for Indie Hackers.
Here were our main takeaways..
Due diligence is broken into 3 buckets:
Financial - “what is the real cash the business receives month over month (not the stripe MRR which is very inaccurate).”
Tech - “where are the bodies buried. Can we maintain this. Can we continue building with it.”
Customers - “What are the quality of the customers. Can we speak to a few of them.”
Identifying prospects:
“We look a lot at churn, retention, CAC, LTV, ARPU and since we have seen a lot of deals we roughly know what's good, bad, and what's ugly.”
“Sometimes we're lukewarm on a product but can get it for a really good price. We can then factor in the effort it would take to make it a great product.”
For more on due diligence: https://notes.xo.capital/diligence/
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DISCLAIMER: Not financial or investing advice. This newsletter is strictly for information and education purposes. Conducting your own research and due diligence before purchasing any online business is very important. Factors such as profitability, traffic, and growth potential are critical considerations.