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May 29th, 2024 | I sold TinyPilot, my first successful business
May 30, 2024
This podcast covers topics such as selling a successful business, new filmmaking app features, AI code generation models, vector indexing Wikipedia, surveillance legislation, Colorado's right-to-repair law, remote work challenges, software complexity, and modern databases.
16:53
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Quick takeaways
- From the podcast, we learn about the journey of selling TinyPilot, emphasizing the importance of reevaluating priorities and seeking professional help during business sales.
- The debut of Kino, Pro Video Camera, highlights the app's features tailored for filmmakers, sparking discussions on payment models and technical functionalities like LUT integration.
Deep dives
Successful Sale of TinyPilot by Michael Lynch
Michael Lynch shares the story of selling his business TinyPilot for $600k after a journey from struggling bootstrapped founder to success. TinyPilot, a server control solution, reached $1.1m in annual revenue. Lynch's decision to sell emphasized new priorities, yielding a personal profit of nearly $1.920k. Discussions highlighted risks and costs in business sales, advocating professional help and debating brokers' value.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode