E

Etude

Mobile AppPaid app 2011

Solo-built iPad app that displayed sheet music with a piano roll and small keyboard, turning pages automatically when propped on a real piano. Dan Grover sold it to Steinway & Sons in September 2011.

Financial Data

Asking Price
Undisclosed
Sale Price
Undisclosed
Monthly Revenue (MRR)
N/A
Annual Revenue (ARR)
N/A
Monthly Profit
N/A
Profit Multiple
N/A
Revenue Multiple
N/A

Exit Analysis

This database tracks 81 Mobile App exits, and the ones that disclosed a price sold at a median of $5,400. Category matters more than founders expect: buyers apply different discount rates to a content business, a mobile app and a B2B tool even at identical revenue.

From founding to sale took 1.0 years. Time to exit is a decent proxy for how built-to-sell a business was: shorter, cleaner processes usually mean documented operations and fewer surprises in due diligence.

See how this compares across the market on our market stats page, or browse more Mobile App exits.

Exit Timeline

Founded
2010
Exit Date
September 2011
Platform
Direct

Founder

D
Dan Grover
Source
Other