Ever been approached to be bought out before your app is launched? | Hacker News Reader

Ever been approached to be bought out before your app is launched?

5 pointsachalkley12 comments

We submitted our App to iTunes Connect on Monday and put up a promo-how-to video. We blogged about it on Tuesday and we got some HN buzz.

We got an email today saying that someone is interested in buying out our product as they've got a similar product in the works.

What do you think that means?

We're curious to hear any opinions on it, bearing in mind our App is waiting for review and that the only thing we've shown is a video.

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It's easy to say they want to buy you out but it could just be a ploy to delay your launch until they can get their product out the door. Unless they're willing to put cash in your hand today, don't stop for anything. Talk to them for sure, but don't change your strategy or release plan for anything.

They offered six figures but we politely said we weren't entertaining any offers at the moment and that our main focus is in launching and promoting our app for the foreseeable future.

Another option you might want to think about is licensing your engine to larger outfits (and/or this company that has approached you). You would basically give them access to your back end and iPhone app and let them integrate it with their offering. Instead of a one time cash hit you get recurring revenue and you can deal with multiple online dating sites offering them a new service they can offer their customers.

Tell them you are moving full steam ahead unless they plunk down x% of proposed buyout figure.

We've just been approved! http://itunes.apple.com/app/date.fm-simple-private-free./id4...

Sounds like you've got somebody worried!

I'd ask for an offer in writing, and don't worry about it until you hear something back; I'm with doctorwho on this one, it sounds like stalling tactics.

Possibly. I think it's a good sign.

I think this could be good motivation for you and your team, at least now you know you're on to something.

Good luck and I hope all goes well.

Thanks :)

Can you share a link to the video? :)

http://date.fm :)

We've just been approved!

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