After 32 years of commitment, Microsoft is killing off Paint – or trying to. Earlier this week, Microsoft announced that it would be discontinuing the program, which was followed by an outcry of Paint fans. In response, Microsoft stated that the app would be available in its Windows Store for free in the future. For those that were worried a staple of their childhood would be permanently forgotten, you’ll still be able to foster your inner creativity!
In featured listings this week, there is a $433K e-commerce business in the cell phone accessories niche and a B2B SaaS business in the social media marketing space priced at $950K. Looking for more listings that interest you? See all of our listings here.
In event news, our next local e-commerce meetup in Boston has been announced to be held on August 23rd. Hosted at WeWork South Station, the event will cover how to create a brand that people can trust. If you’re in the area around that time, RSVP now. We’re also opening the call for panelists, so let us know if you or someone you know would be interested.
Keep reading for more information on Leadpages’ executive change and the discontinuation of Adobe Flash.
Deal Highlights
SaaS – B2B Social Media Marketing – $41K MRR
- Rapidly growing at 91% CAGR from 2015-2016
- Steady and predictable MRR growth over the trailing 12 months
- Diversified and growing customer base
- Full-team in place willing to stay on post-sale
- Growing niche
Yearly net profit: $256,000
Asking price: $950,000
E-Commerce – Cell Phone Accessories – $73K gross/mo
- Diversified sales across multiple channels, including strong sales via a branded website
- Rapid CAGR reaching 136% for the period 2015-2016
- Sales diversified across 23 SKUs
- Heavy brand investment leading to a defensible market position
- Strong website traffic profile with over 500K sessions and 1.2M page views in the last 12 months
Yearly net profit: $174,000
Asking price: $433,000
Sold:
B2B SaaS – Social Media Content Automation – $840 net/mo
In the News…
Leadpages Appoints New CEO
Starting in August, the current COO of Leadpages, John Tedesco will succeed Clay Collins as CEO. Clay will continue as Chairman of the Board as he helps John transition into the role. He will still be involved in high-level company and product strategy, as well as representing Leadpages and Drip. However, Clay will be shifting away from a day-to-day function, into a more visionary and evangelist role.
Before the appointment, John started off as an official advisor, transferred to Chief Customer Officer and then Chief Operating Officer. Because of the internal restructure this is a clear indication that Leadpages is becoming more mature as a company, as it moves into its next chapter.
Clay states, “Leadpages + Drip under John won’t be the exact same thing as it was under my direction. That’s a good thing. I believe it will be different and we will be better. If I didn’t believe this, we wouldn’t be making this change.”
If you’re a Leadpages and/or Drip customer and want to learn more about the story, check out Clay Collins’ blog post.
Goodbye Flash
In 2020, Adobe Flash will be retired. In the past, Flash was heavily relied on to support media content online, create games, video players and apps on web browsers. In 2005, when Adobe acquired Flash, it was on 98% of personal computers that were connected online. Reuters states that Apple, Microsoft, Google, Facebook and Mozilla will phase out support for Flash in the next three years. Developers are encouraged to migrate to modern programming standards.
After Apple decided to not support flash on the iPhone, Flash’s popularity started to decline. Other technologies, such as HTML5 have emerged as alternatives. Google reported that this year, 17% of desktop Chrome users are using Flash.
Because of this, Adobe has made the decision to discontinue Flash and does not expect it to impact its bottom line. If your website requires Flash, it would be best to migrate to another alternative.