I acquired my first company for $5000

Louis — Tue, 17 Jan 2023 16:55:32 +0000

Hello there, my name is Louis, and for the first time, I'm not starting (completely) from scratch. I bought quickapi.io from @mddanishyusuf a few weeks ago.
Yes, I bought a company on Twitter. It may seem risky, but I actually was following Danish's journey for the last year, which contributed a lot to building trust.

Why build when you can buy?

Domain name alone is probably worth $5k.
250 (free) users
The product itself is working without requiring dev time
Side-riding Mohd's recognizable and trustworthy brand.
Most importantly: I had $5k I could spend without risking my lifestyle.

I've been launching many different projects in the last 2 years, and none have generated significant revenue. So how about I throw even more money out the window, you ask?
aka: so you think this will work this time?

Yes and no.

Yes, because I've learned a ton in the last 2y. Not from people, but from experience. Practice is the only way. For one, I've stopped shipping countless features unless I've understood who they are for.
Also, I wouldn't spend time on it if I didn't think it would work.

No, because I know it's a game of stats. Many know that people considered successful have launched lots of projects before.

Anyway. It's just the start. Happy to answer questions about the acquisition process, Quick API, or any other topic.

DEV Community: Louis

I acquired my first company for $5000

Why build when you can buy?