For some context – I am a 32 years old. I worked in logistics management for a large commodities trader based in the mid-west so gained some background in large scale shipping compliance. I built a tool that helped medium-sized e-commerce businesses track their incoming batch shipments, manage compliance requirements online, hire customers brokers, etc.
I built it to around $450K in ARR/$120K in annual profit run and sold it about a month ago for $600K. This took me around 4-and-a-half years (from incorporation to sale – not including initial planning time). I want to share my experience to help others in the B2B SaaS space. I've noticed a lot of garbage on this subreddit so will try to keep it as real as possible.
AMA: I sold my shipping compliance SaaS company for $600K. Ask me anything! (will not promote)
byu/globetrotter_001 inEntrepreneur
Posted by globetrotter_001
7 Comments
Can you get it in one dollar bills and put it in a small pool and you and I can take pictures for our Instagram or whatever?
How long in man hours before it made first $? Who was the first client?
How do you acquire your first set of users?
Do you feel content with the payout?
Are you part of the acquisition? What are your new responsibilities?
Did you have employees? Are they part of the acquisition and how many?
Would you do it again and how would you do it differently?
How are you feeling emotionally?
How did you get your very first paying users, and what helped you grow in the beginning?
Did you have prior coding experience. If not how did you build the tool? If yes, how can someone with a problem to solve but no coding experience follow your path?
As an experienced software developer that would absolutely love to get into logistics, what are some non-conventional ways one could slowly dip their toes into the industry, without taking on a full-time job?