What Would HN Do?
sellingstartup.com
sellingstartup.com
We'll post something about our experiences with Flippa soon - as it stands the potential for having a sale go bad while incurring Flippa fees is making us increasingly uncomfortable.
Have found them great to work with and would recommend them to others.
The concerns that we have at the moment revolve around the actual process of selling a property on Flippa, for example:
- How do we securely handle the transfer of the website? (it looks like we can take care of domain name transfers with Escrow but what about other parts of the business (e.g. the code, social media accounts etc)
- There seems to be a risk on Flippa that your auction will hit the reserve, you'll be obligated to sell and will be liable for Flippa's 10% success fee and then the sale could subsequently fall through from what I can see, Flippa wash their hands of the process after the auction is finished.
- What other risks are there with selling a SaaS business on Flippa / what steps are critical to a successful transfer / sale that we may not have covered?
Customer support is all dealt with directly via email. In most cases we have canned responses for a lot of the typical support requests that we can respond with.
[0] http://www.sellingstartup.com/why-we-decided-to-sell-our-sta...