Re:OpenStore Raises $75M to Acquire More Shopify Sellers
by jgalt212 on Thursday November 18, 2021 @05:48PM
(#29271601)
There like Zillow, but instead of buying homes, they're buying small businesses and given the valuation differences for small vs large business (as said above), it seems like this would be hard to screw up.
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Re:OpenStore Raises $75M to Acquire More Shopify Sellers
by mountainb on Friday November 19, 2021 @10:10AM
(#29277938)
They're not flipping the businesses, they're running them. It's also possible to buy out multiple businesses from the same category, shutter some of the underperformers, and then enjoy the temporarily reduced competition in the category.