Potion
Building in public on Twitter creates inbound buyers. Noah built Potion publicly over two months in late 2020 and the audience he created made finding the right acquirer easier. Closed in April 2023 v
Building in public on Twitter creates inbound buyers. Noah built Potion publicly over two months in late 2020 and the audience he created made finding the right acquirer easier. Closed in April 2023 via Acquire.com after a two-month sales process, 500+ paying customers and 20K monthly visits at sale.
Financial Data
Exit Analysis
Priced against revenue rather than profit, Potion sold at 4.0× annual revenue, above the 2.3× median across the 277 deals with a disclosed revenue multiple. Revenue multiples run higher than profit multiples because they ignore the cost of running the business, so they are only comparable between businesses with similar margins.
The $300,000 sale price puts it in the top quarter of the 623 deals with a disclosed price here, where the median is $21,000. Most indie acquisitions cluster well under the headline numbers founders read about, which is exactly why a real distribution is more useful than an average.
This database tracks 362 SaaS exits, and the ones that disclosed a price sold at a median of $20,000. 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.
See how this compares across the market on our market stats page, or browse more SaaS exits.
Exit Timeline
Tech Stack
Founder
Lessons Learned
Building in public on Twitter creates inbound buyers. Noah built Potion publicly over two months in late 2020 and the audience he created made finding the right acquirer easier. Closed in April 2023 via Acquire.com after a two-month sales process, 500+ paying customers and 20K monthly visits at sale.
What's your startup worth?
Estimate your sale price from the real multiples behind deals like this one, free, no sign-up.
Thinking of selling?
These are the marketplaces founders use to find serious buyers.
Similar Exits
Pluto LMS
Bootstrapped learning management system for corporate and online training, founded by Ian Fourie in South Africa. Grew to five employees and was acquired by PETE Learning in early 2025 via Acquire.com.
ThumbnailTest
A/B testing tool for YouTube thumbnails that helps creators find which image drives more clicks, built before YouTube shipped the feature natively.
MyWorks
An integration platform that syncs WooCommerce stores with QuickBooks accounting software; founder Peter Leonard sold it to saas.group in 2022 after listing on Acquire.com.