Today in Boston, we’re feeling lucky, seeing as Irish Bostonians represent 22.8% of the city. Now is the time to make your own luck. Featured this week in listings is a $1,175,000 SaaS business in the automotive industry with a net average churn of 2%. If you’re looking for e-commerce, then we recommend taking a look at this home goods FBA business. More details on these businesses in Deal Highlights below.
If you’ve been having trouble optimizing the speed of your site, Google released a new algorithm that will help you do just that. The new algorithm will reduce the size of JPEGs so that pages you have that are heavy on the visuals will load faster. To read more about this update, check the news briefs below.
Announced last week, FE International will be sponsoring MicroConf in Vegas on April 9th to 12th. Let us know if you’ll be in Vegas around that time or attending the conference. We can set up a meeting with founder Thomas, as well as our COO Olga Lidenko. The following week on the 19th, mark your calendars because Thomas will be heading off to Brighton to speak at LTVConf.
Keep reading for news about a recent SEC rejected proposal from the Wricklevoss Twins and Google helping make sites load faster.
Deal Highlights
SaaS – Automotive Dealerships – $27.5K net/mo
- Average $3,790 customer lifetime value over last twelve months
- Net MRR churn averaged 2% over last twelve months
- Exclusive partnership with an industry leader
- 8 Years of product development
- Full team of contractors in place
Yearly net profit: $330,000
Asking price: $1,175,000
Dropship & FBA – Home Goods – $117K gross/mo
- Multiple revenue streams (drop ship, FBA, private-label)
- Burgeoning high-margin, private-label business
- Very low overhead
- Outsourced team in place
- Multiple opportunities for growth
Yearly Net Profit: $143,000
Asking Price: $306,000
Sold:
B2B SaaS – Sales CRM – $7.4K MRR
In the News…
SEC shuts down Winklevoss Twins
The U.S. Securities and Exchange Commission (SEC) recently rejected a bid to list a bitcoin-tied exchange-traded fund (ETF). The SEC states that there was a risk of fraud, manipulative acts and lack of regulation in the bitcoin market. Cameron and Tyler Winklevoss submitted the proposal for a bitcoin investment that would be accessible to Americans via their IRAs and 401(k)s.
When news broke of the rejection, the price fell 18%. The Winklevoss’ have been pushing since 2013 to be the first creators of an ETF out of bitcoin. You may have heard of their name from claiming that Mark Zuckerberg stole the idea of Facebook when they attended Harvard together. There are now one of the largest owners of bitcoin, run the Gemini cryptocurrency exchange, and run Winklevoss Capital to invest in startups.
Google Shrunk My JPEGs
Google has been working on reducing load times for sites. One approach has been reducing the file size of images, starting back in 2014, reducing file size by 10%. Google recently developed Guetzli, an open-source algorithm that encodes photos, specifically JPEGs, 35% smaller than what is currently available. This is similar to Google’s Zopfli algorithm, which produces smaller PNG and gzip files. Guetzli specifically targets a certain stage of compression that doesn’t sacrifice image quality.
For webmasters, your webpages can now load faster and use less data.