GTM Sauce

Conch · B2C · AI detection bypass tool

Talk to three or four buyers when selling the app

Sold, but some competitors posed as buyers just to pull information

Mixedexit-ma

What they did

Talked to three or four potential buyers; interest came from the margins and numbers. Some were competitors who pretended to want to acquire them and just took information.

What happened

The company was sold in early 2025; the founders only later realized some 'buyers' were fishing for information.

In their words

Daniel Kwon - He made $2.2M from building simple apps. Here's how (no-code)

Play from 10:47
10:45

Joseph ChoiHow was that process of getting acquired?

10:47

Daniel KwonIt was good. We actually talked to like three or four different buyers. Since the whole school situation happened, we were just so early at the time that there were definitely people interested considering our margins and numbers. But looking back on it, there were some competitors of ours that would pretend to acquire us and then just basically take info from us, and we just we had no clue. But

11:11

Daniel KwonI think I learned a lot of like the expensive lessons early on with Conch, so it has like a special place in my heart, just considering it being the first, but also all the little mistakes that came along with it.

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Tags: due-diligence, competitor-risk