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Ask HN: How to sell my startup

4 points by kynikos ↗ HN
I have a small start up software platform with high value to higher ed marketing companies. We did get some angel funding, but have sine paid it back so we (myself and co founder along with 2 employees) are the only shareholders.

After much deliberation, we decided to shut down shop in pursuit of another idea.

Beyond sites such as sitepoint, how does one go about selling their early stage start up? How should we value it and price accordingly?

We're not talking about anything huge, but we do have demonstrable traction, were growing. With a higher budget and a better engineering focus, a larger company could benefit. Or, it could be a good early stage "turn key" start up for entrepreneurs who want to start selling a pre-built product. I don't expect to make hundreds of thousands of dollars or millions, but something in the tens of thousands would be nice.

Any first-hand or second-hand advice that HN can share? You guys have always been so helpful in the past :)

3 comments

[ 2.7 ms ] story [ 21.4 ms ] thread
[dead] asshole_troll
On what order of magnitude is the cash flow of the business? Why have you decided to ditch it (i.e. if you dont want it, why would someone else)?
kynikos
We were edging on profitability before making this decision, but were operating at a loss (only overhead was rackspace cloud hosting.)

We want it, but frankly the financial cost of running the site is eating too much into our personal finances. We are both young, couple years out of college, student loan debt. I left my full time job in Sept last year to focus on this full time and I am almost completely drained of all money by now. That's why we made the decision to begin the sale process.