"At one point, Andrew Gazdecki belonged to the second of these two cohorts. "I held on because I was attached," he says of his first company, Bizness Apps, which he sold in 2017. The company, a publishing platform that helps businesses develop mobile apps, began life in 2010, riding the smartphone revolution kickstarted by Apple. When, years later, Bizness Apps began losing customers, and continued losing customers, part of Gazdecki knew it was time to sell. And yet he waited."
"Although, in retrospect, Gazdecki did not pick the most opportune time to sell, the experience would inform the rest of his career. Hoping to make the process of selling - which was as bureaucratically cumbersome as it was emotionally draining - easier and more accessible, he went on to create Acquire.com, a digital marketplace for buying and selling online businesses that has seen more than 2,000 sales worth upwards of $500 million since its founding in 2020."
Entrepreneurs face a timing dilemma when deciding whether to sell a successful startup: sell too early and forgo future growth; sell too late and lose peak value. Andrew Gazdecki sold his first company, Bizness Apps, in 2017 after years of customer losses and personal attachment delayed the exit. That experience led to the founding of Acquire.com in 2020, a digital marketplace that has facilitated over 2,000 sales totaling more than $500 million. The platform aims to simplify an often bureaucratic and emotionally taxing sale process. Selling is framed as a new beginning that requires recognizing limits and making difficult choices.
Read at Big Think
Unable to calculate read time
Collection
[
|
...
]