E35 Launching a startup acquisition marketplace with MicroAcquire founder Andrew Gazdecki
In this episode, Erasmus Elsner is talking to Andrew Gazdecki, founder of MicroAcquire. The episode was recorded when MicroAcquire was still a fully bootstrapped one person company. A few weeks later MicroAcquire announced that it had raised a $6.3m Seed round led by Bessemer Ventures. 00:00 Intro 01:09 What is MicroAcquire? 02:55 Buying a micro-SaaS as a learning experience 05:15 Andrew’s own founder path 10:40 Key bootstrapper metrics 14:53 Solving the chicken-and-egg problem 19:17 Supply side: company profiles 20:24 Marketplace discovery vs. transaction facilitation 22:45 Microacquire marketplace monetisation 26:51 Microacquire as a curated marketplace 30:12 Dealing with inflated seller asks 33:25 Disrupting the business broker industry 35:45 Competitor marketplaces 36:50 Scaling Microacquire 38:10 Raising venture capital vs. bootstrapping