Blog
Everything we know about buying and selling small businesses
Valuation, diligence, deal structure and the unglamorous operational parts nobody writes about. Written from the deals we actually see.
Valuation
How to Value a Micro-SaaS: The Only Formula You Need
Annual profit times a multiple. Everything else — churn, concentration, transferability — is an argument about what that multiple should be.
Jul 26, 20264 min read
Valuation
SaaS Multiples, Decoded: ARR, SDE, EBITDA and Why They Disagree
A '4× business' can mean three completely different prices. Here's how to tell which multiple someone is quoting — and which one applies to you.
Jul 20, 20262 min read
Valuation
SDE vs EBITDA vs Net Profit: Which One Are You Buying?
Three profit figures, three different numbers, and one of them is the one your price is actually built on.
Jul 14, 20262 min read
Valuation
Nine Things That Move Your Multiple (And Four That Don't)
Buyers pay for de-risked cash flow. Here's what actually shifts the number, and what founders keep pitching that never does.
Jul 7, 20262 min read