TaskMagic · B2B · browser automation software
Talk to brokers, then list the company on Acquire.com to find a buyer
100+ buyers messaged; sold for mid-to-upper seven figures after 6-7 painful months
Workedexit-ma
What they did
Decided to explore a sale at a peak, right after making the Inc. 500 list, with a personal goal of exiting before 38. Talked to a couple of brokers, who made introductions, and listed on the Acquire.com marketplace. Bought out investors first, which drained both business and personal bank accounts; covered bills with $50K on an Amex card and $200K more in personal debt during a 6-7 month process.
What happened
Over 100 people messaged about the listing; sold for mid-to-upper seven figures. Jeremy calls the process very stressful and says it took him to a dark place.
- Stage
- exit
- Effort
- 6-7 month sale process
“So I talked to a couple brokers. They introduced me to people. We put it on the Acquire.com marketplace. Then over 100 people were messaging me about it.”
“Then we had bought out investors for what I thought we could. That depleted the bank account, both personally and for the business.”
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- LeadQuest: Add a lead-finding tool so users then need your email and automation toolsFounder says the products help each other; no numbers for the lead tool
- TaskMagic: Sell a one-time lifetime deal plus pay-per-use pricing instead of a subscriptionCalled a major early unlock that let the business fund itself; no numbers
- TaskMagic: Rebuild around browser automation after customers kept asking how to automateGrew from a few hundred thousand in 2021 to about $3M a year in 3 years