E35 Launching a startup acquisition marketplace with MicroAcquire founder Andrew Gazdecki
Sand Hill Road
The Murky Industry That You're Trying to Disrupt
Brokers charge 15 % to sell a business if it's under, i believe, two million revenue. That's the size of a seed round. The reason they're able to charge that price is the're kind of only shop in town. Most brokers traditionally sell main street businesses like restaurants or laundry mats. I think brokering is just a very laborous and expensive way to sell your business at a low price.
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