March 30th, 2021 | One million dollars
Today I found out a fellow solopreneur sold his business for $1M! Maybe my old self, around two years ago, would feel jealous. But today, I honestly could not be happier for the guy. He was at $20k MRR and probably sold at a standard 4x ARR multiple, which means $1M. I am at $5k/mo. Not too bad. Does that mean that Cyberleads is worth $200k? Wow, not bad. I always thought that solo businesses were unsellable. There is no team. There is not solid infrastructure. Usually, there are single points of failure, since they are built on top of other platforms, etc. Maybe this was the exception. But it shows that the tables have turned. Solo businesses can exit!