Startup Acquisition Stories With Adam Senese, Founder of Linq Commerce

Startup Acquisition Stories With Adam Senese, Founder of Linq Commerce

Author: Acquire.com March 12, 2024 Duration: 17:32

What would you do if you were stuck in a cabin during an Icelandic snowstorm?


Adam Senese and his brother came up with their Shopify app for product bundling, Linq Commerce, trapped in an Airbnb for the day during the dead of the Icelandic winter.


The cofounders went home and launched Linq Commerce in early 2020 right as covid hit the world and people scrambled for new ways to make money online. It ended up being a record year for new Shopify stores. Within weeks, Adam and his brother had over 1,000 users on their app.


Linq Commerce grew steadily from there, but after two years of building, Adam and his brother felt they weren’t the right owners to grow Linq to the next level. It was time to find a buyer.


Adam listed on Acquire.com in late 2022 and sold to a promising buyer for five figures in six months.


Post-acquisition, listen to Adam’s chat with Andrew Gazdecki as they discuss:


  • Why Shopify apps are great for first-time SaaS founders
  • How to find product market fit with any SaaS product
  • The importance of goodwill between buyers and sellers
  • Why sellers should start with a slightly lower asking price if they want a good sale price

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Behind every successful startup acquisition, there's a story-a complex mix of strategy, emotion, and paperwork that rarely gets discussed openly. Startup Acquisition Stories, from the team at Acquire.com, pulls back the curtain on those real-world transactions. Each episode features founders and entrepreneurs who have personally navigated the process of selling or buying a business through their platform. You'll hear them recount the nuanced decisions that don't make it into press releases: the challenging conversations around valuation, the subtle art of vetting the opposite party, and the critical, often overlooked, steps after the handshake. This podcast digs into the practicalities of due diligence, structuring terms, and managing the transfer of assets, all the way through to escrow and the crucial post-deal transition. It’s a grounded, detail-oriented look at the mechanics of a business exit or expansion, straight from the people who’ve lived it. For anyone curious about the actual path to a deal, beyond the theory, this series offers a rare archive of lived experience and hard-won advice.
Author: Language: English Episodes: 100

Startup Acquisition Stories
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