Startups For the Rest of Us
Episode 559 | Bootstrapping a Two-Sided Marketplace with MicroAquire
Jul 20, 2021
In this discussion, Andrew Gazdecki, founder of MicroAcquire and former CEO of Bizness Apps, shares his entrepreneurial insights. He reveals why he sold Bizness Apps and how he built MicroAcquire to assist startups in navigating acquisitions. Andrew discusses the unique aspects of MicroAcquire compared to traditional brokers, key metrics since its launch, and strategic plans for the future. He also candidly addresses the challenges of bootstrapping a two-sided marketplace, emphasizing balance between personal life and business growth.
34:02
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Quick takeaways
- Andrew Gazdecki's experience with Bizness Apps illustrates the effective use of bootstrapping in achieving significant growth without heavy funding.
- MicroAcquire differentiates itself in the marketplace by streamlining the connection between startup founders and buyers, enhancing the selling experience.
Deep dives
Bootstrapping Success
Andrew Gazzdeki, founder of Microacquire, exemplifies the power of bootstrapping by sharing his experience of growing a SaaS application, Business Apps, to an impressive annual recurring revenue (ARR) of $10 million with only $100,000 in funding. He started the company while in college and successfully sold it in 2018, allowing him to leverage that experience to create Microacquire. His journey highlights the challenges of entrepreneurship, including the exhaustion that often accompanies long-term commitment to a startup. Selling Business Apps provided him with the freedom and resources to pursue his next ambitious project.
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