Phil Liu

Do you pay out dividends to your team?

Do you reinvest in the product?

What do you do?

Yeah, well, that's a good question.

So at first, that thing had grown, so it's not a question we had.

Right now, obviously, with the numbers we have, it's starting to be crazy to leave the money in the bank, right?

So, well, first, we decided to start paying ourselves a more competitive wage.

And we're starting to think about how to reinvest that in more growth.

But right now it's really pretty much just sitting in the bank.

Yeah.

What would you value the business at today?

If someone came to you and said, Phil, I want to, I want to buy the whole business for 10 million bucks.

Do you sell?

No, we, we, no, because we had, we were approached three times and by big, let's say unicorns and more.

And so the three time was mostly for Acquire because I think what we built with a team of four, even if we're like now we had some really good milestone in revenue, but like two, three years ago, it was still really impressive.

Just the fact that the product was completed and full featured a version on all platforms.

So we were approached just to get Acquire and we all always said no.

What was the largest offer that you turned out?

It was equity and equity.

I don't know if it means much, but it was 30 millions in valuation from that business.