How Derrick Reimer Bootstrapped SaaS to a $128,000 Exit
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- Опубліковано 25 чер 2024
- Are you ready to be inspired by success stories in the world of SaaS? Join us as we dive into the incredible journey of Derrick Reimer, who turned a $128k bootstrap investment into a remarkable SaaS exit. Learn about the strategies, challenges, and key insights that led to his impressive success.
Derrick Reimer is a seasoned entrepreneur and software developer with a passion for building SaaS products. With a deep understanding of the industry, he successfully bootstrapped and later exited a SaaS business, showcasing his business acumen and determination.
Derrick is also known for his expertise in product development, which he shares through his podcast and as the co-founder of Level. His story is a testament to the power of persistence and innovative thinking in the tech world.
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Links in the video:
Quiet Light Brokerage - microconf.com/selling-a-saas-...
Quiet Light - quietlight.com/
Codetree - codetree.com/
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I Built a Multi-Million Dollar Startup With $0 Venture Capital 📈: ua-cam.com/video/oDiR3WqTj0U/v-deo.html
Great video! One aspect of the due-diligence process I would like to hear more about: the technical due diligence. In particular, to what degree does the perspective buyer get pre-purchase access to looking at your code and what kind of code review do they do? After all, the code is what they inherit and that isn’t a static creature. They need to take ownership of the code and feel confident they can continue to keep it current, deal with bugs, respond to feature requests, etc. But, on the other hand, the seller needs safeguards to make sure that the code doesn’t leak out without a consummated deal.
+1 I too want to know more about this exact same process. 👍
Yeah I'd like to know this too. Wouldn't want to buy a software company to find out the software was poorly made and untested.
In the same process too!
Thanks for the note Jim- we’ll add this to the list for future videos.
Hi MicroConf, really insightful videos, been learning a lot these past few days!
I would suggest bookmarks/sections when you ask new questions would be awesome!
Derrick is always such a great guest and has amazing insights! I enjoyed this one a lot, specially the take on SaaS being so easy to build regardless of investment but can be so profitable. I really miss his Art of Product podcast with Ben. Thanks for the video!
Glad you enjoyed it!
Excellent video. I just love watching success stories like this. I'm not sure how much information you are allowed and/or willing to share here. But I would love to know more about the process of finding a good broker. I bet there are many out there. How did Derrick decide on which one to use. How was the pricing of the broker structured - fixed fee, percentage, or both.
These days, the sites I would check out for this kind of sale are: Quietlight, FE International, and Acquire.com.
And if you’re selling a SaaS doing at least $1M in ARR, hit up Discretion Capital.
AFAIK, all of the above take a percentage of the sale, which is the standard approach.
What broker service did he use?
These days, the sites I would check out for this kind of sale are: Quietlight, FE International, and Acquire.com.
And if you’re selling a SaaS doing at least $1M in ARR, hit up Discretion Capital.
Gold
Thanks for watching!
Hi MicroConf, If you would please avoid using the animations between questions it would be highly apperciated. They distract the viewer from the question, at least for me. Thank you!