Comments on: Own Your Own Micro-ISV: DotNetInvoice is For Sale

By: 47 Hats - A Tale of Selling a MicroISV

47 Hats - A Tale of Selling a MicroISV — Wed, 23 Jul 2008 19:13:21 +0000

[...] two months ago I put my Micro-ISV, a web-based invoicing system, up for sale. The sale played out exactly as I expected except for one detail: I didn’t sell it. Instead, [...]

By: Lessons Learned “Selling” My Micro-ISV | Software by Rob

Lessons Learned “Selling” My Micro-ISV | Software by Rob — Fri, 27 Jun 2008 14:12:48 +0000

[...] 16 months ago and after putting in hundreds of hours cleaning up the code and growing revenue, I offered it for sale to free up time for this blog and pursue another potential opportunity (that has since gone by the [...]

By: Chris

Chris — Tue, 03 Jun 2008 21:24:43 +0000

Good for you.

I’d really like to read about how you go about transferring the IP (code, etc) to the other party. I’m assuming you sold it to someone you didn’t know.

What I’m curious about is how you handle the payment and exchange process. Is there an escrow of some sort involved?

I’m looking to buy an existing software product, so I’m very interested in the topic (as you can tell).
Thanks!

By: Rob

Rob — Tue, 03 Jun 2008 21:08:24 +0000

@Chris – The deal has closed. I’ll be posting about it soon.

By: Chris Weber

Chris Weber — Tue, 03 Jun 2008 20:22:52 +0000

So did you sell DNI or is it still for sale?

I don’t see an update (unless I missed it).
Thanks

By: Grant Palin

Grant Palin — Thu, 01 May 2008 18:03:14 +0000

I read up on your acquisition of the software – it was a very interesting read. I am in no position currently to be running a startup, but it could be something interesting in the future if I have the skills and a product.

By: C.E.

C.E. — Thu, 01 May 2008 16:48:21 +0000

Rob,

I admire you for this. So many people grasp at whatever comes their way and they don’t let go. After all, how can we let a great opportunity slide? But you have taken the time to prioritize personal goals and streamline activities so you can be more effective.

It is something I am currently working on and I find it admirable that you are taking the time to do that instead of being drawn by the lure of so-called success.

By: Rob

Rob — Thu, 01 May 2008 13:23:40 +0000

@James – My asking price is based on annual revenue, and it’s a range so the market can determine where it should be. But to narrow it down a bit, think $25k-$65k.

By: James

James — Thu, 01 May 2008 01:24:43 +0000

Can you be more specific about what you expect for such a product.

Five figures is a bit generic. (10,000-99-999)

Thanks
James

By: Rob

Rob — Wed, 30 Apr 2008 18:51:03 +0000

I have to disagree with you, Jonathan – DotNetInvoice is well off the ground. The problem is, maintaining an invoicing product, even a lucrative one like DNI, no longer fits into my life goals.

I’ve learned what I can from the experience of owning DotNetInvoice, and I’m ready to place it in a good home where someone has the motivation to take it to the next level.

By: Jonathan

Jonathan — Wed, 30 Apr 2008 18:17:27 +0000

The problem is, if someone like _you_ couldnt get this thing off the ground, chances are no one else can

By: Eric

Eric — Wed, 30 Apr 2008 13:09:19 +0000

I’m suddenly wishing I was a .NET developer and had significant extra cash on hand. Best of luck with the sale/transfer. Selfishly, I’m looking forward to the blog being more active again.

By: Dan

Dan — Wed, 30 Apr 2008 02:03:33 +0000

Good luck & best wishes w/ the transfer of the product & company.

Looking forward to more frequent blog entries as well.