L

Letterpress

Mobile AppIn-app purchase 2015

Cult iOS word game built solo by Loren Brichter under his one-man studio Atebits. He sold all assets and IP to Solebon LLC in December 2015 for an undisclosed sum; Solebon kept it alive and later brought it to the Mac.

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 3.0 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
2012
Platform
Direct

Tech Stack

iOS

Founder

L
Loren Brichter
Source
Other