I've sold TinyPilot, my first successful business as a bootstrapped founder. I grew it from $0 to $1M/yr in revenue in four years, and I'm incredibly proud of the company and product, but it felt like the right time for me to move on. mtlynch.io/i-sold-tinypil…
Congrats! Your journey was one of the first ones I read when I quit my job last year. Thank you for sharing updates.
Congrats ! how does it work with tax when you sell a business ? Do they tax you as normal salary or capital gain etc ?
Thanks! I believe it's capital gains (not positive, still working with my accountant), but in my case, the taxable income should be pretty low. Because of Section 174, I had a lot of "banked" expenses that were amortizing over 15 years, but they now offset income from the sale
Thanks! Yes, I'm definitely going to take a few months off when the baby arrives. In the meantime, I'm planning to do projects that are lightweight and short-term that I can step away from on short notice.
Fantastic news! After years of reading your retrospectives, it's wonderful to see the story conclude positively :) What's next for you? Are you planning an AI-related project? It would be great to read your insightful retrospectives on that topic.
AI isn't too high on my list currently. It's so crowded right now and the technology is changing so fast, so it feels like there's not that much room for a business with calm, sustainable growth. But I'm keeping an open mind, maybe I'll land on something AI related
It's been exciting and inspiring to see the journey unfold, congratulations again on the well deserved success! 🎉 Also, "If you can’t get out, get comfortable" is a great line, and great advice! Also, also, love that you kept track of every celebratory desert!
Thanks so much, David! You've given me such great advice and support all along the way (including the desserts).
Congratulations and thank you for sharing your story. I am always eager to read what you have done. Such an interesting and inspiring journey. Keep it up and enjoy your time as a dad 🍼
Thanks so much, Andrej! Glad to hear that the blog had an impact!
Congrats Michael. I read every yearly update :D What’s your next plan?
that's great, congrats! thanks for the detailed write-up as well 🙌
Awesome story + writeup. Congrats on both this and the growing family!
Fantastic news! And you have helped so many people along the way with the retrospectives. Double win.
I read your story, and I loved the hackery you've put in to build such biz, congrats brother!
Love your journey man… great result (and how rad is Microconf), arduous, but you got there. It’s huge, and not to be understated. my suggestion in what you do next? I pay you money - and you get me #1 on HN 🙂
Congratulations - really enjoyed the transparency and have followed your journey from the first time it hit HN. WELL DONE!
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