#879 Sell Your Company Without Venture Capital w/ Andrew Gazdecki
3/23/2022 · 22 min · transcript via mlx
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Key topics
— MicroAcquire has facilitated over 500 acquisitions totaling $300 million in closed acquisition volume, with recent months seeing $65–120 million in transaction volume.
— The platform enables bootstrapped founders to sell profitable businesses directly to buyers (PE firms, corporate development teams, other startups) without venture funding or traditional M&A intermediaries.
— Andrew stopped listing pre-revenue startups and focuses on profitable software companies, e-commerce, newsletters, communities, crypto projects, and mobile apps with demonstrable traction.
— The acquisition process is moving away from in-person meetings and steak dinners toward remote negotiations via Zoom, with deal structures ranging from all-cash offers to seller financing and earnouts.
— MicroAcquire is building standardized tooling (letter of intent builders, due diligence frameworks, financial statement integrations) to level the playing field between inexperienced founders and repeat acquirers.
— The business model charges buyers a premium membership fee for seller contact access; sellers pay no commission currently, though small commission fees will be introduced after the platform adds sufficient value.
Market & price signals
— None discussed.
Actionable insights
— Aim to build your business to at least $1 million in revenue before seeking acquisition, as this opens access to a larger pool of buyers willing to pay higher multiples.
— Come prepared with clean financial documentation (P&L statements covering three years, MRR, churn, growth rate) and connect your business to integrations like Stripe, ProfitWell, or Google Analytics so buyers can verify traction without requiring premature access to infrastructure.
— Use MicroAcquire's directory of M&A advisors, accountants, and legal counsel (rates 2–10% depending on deal size) to guide you through due diligence, letter of intent, and closing—especially if it's your first acquisition exit.
Episode sponsorships
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