Re:I sold Baremetrics
by pwinnski on Tuesday November 10, 2020 @10:16AM
(#25046830)
All indications are that they were operating on a profit basis, not a growth basis, so I think it's a poor assumption that anybody was being paid a half-salary. As the post states, they're keeping their same compensation going forward, and all are choosing to stay, suggesting it's very satisfactory, and has been all along.
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Re:I sold Baremetrics
by FireBeyond on Tuesday November 10, 2020 @12:47PM
(#25048721)
> All indications are that they were operating on a profit basis, not a growth basis
From the founder himself:
> We've had carryover losses for years, so from a tax perspective, there was no hit on either side.
I realize that tax losses can differ from cash losses, but are you so sure about that?
I mean, that's somewhat my point? They were not pursuing rapid growth. From the post:
We’re also a company that has purposefully operated right around breakeven for years. So, unless you’re a “strategic acquistion” that throws acquistion multiples out the window, a slow-growth software company without lots of profits and a product that’s technically quite complex is ultimately just not going to get a huge multiple.