Episode 559 | Bootstrapping a Two-Sided Marketplace with MicroAquire
Startups For the Rest of Us
Rob Walling
4.9 • 819 Ratings
🗓️ 20 July 2021
⏱️ 34 minutes
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| 0:00.0 | It's startups for the rest of us, episode 559. |
| 0:03.2 | Welcome back. |
| 0:04.1 | I'm Rob Walling. |
| 0:04.9 | This week, I speak with Andrew Gazdecki. |
| 0:07.9 | He's the founder of MicroAquire. |
| 0:10.5 | Talk a lot about bootstrapping a two-sided marketplace in a competitive industry. |
| 0:15.8 | And Andrew talks about the future plans for MicroAquire. |
| 0:20.2 | I didn't know much about Andrew before chatting with him today, |
| 0:23.1 | but it turns out that he grew a SaaS app, |
| 0:26.4 | essentially bootstrapped it. He raised only $100,000, |
| 0:29.1 | and he grew it to $10 million in annual recurring revenue. |
| 0:33.2 | It's an app called Business Apps, a B-I-Z, N-E-S-S-Aps.com, |
| 0:39.4 | started building it in college, sold it in 2018, and he described it to me as Weebley or Wix for mobile apps, and it's still operating |
| 0:45.3 | and serving customers, but pretty impressed with that as a background. That gives some |
| 0:49.8 | credibility for someone, you know, to be able to build an app to that level and then exit. |
| 0:54.1 | And we don't spend too much time app to that level and then exit. |
| 1:00.0 | And we don't spend too much time talking about that part of the story. We focus on micro acquire, |
| 1:06.6 | which is a website that helps match buyers and sellers of smaller software and e-commerce startups. And you'll hear a little bit of that story of him thinking of and then launching |
| 1:11.8 | micro choir and then bootstrapping that two-sided marketplace, right? Getting both sides of the |
| 1:17.5 | marketplace and thinking about, you know, what is the value that he's trying to offer that's |
| 1:22.0 | different than all the other offerings already available on the markets to help smaller, |
| 1:27.1 | early stage, mostly bootstrapped, |
... |
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