Marc Köhlbrugge
@marckohlbrugge Portugal89K followers
Serial maker behind BetaList, WIP and Startup Jobs, shipping online for 20+ years
BetaList, WIP, Startup Jobs +11
exit story · 2020 · marketing & seo tools
Tweet Photo was built by Marc Köhlbrugge and sold to Kevin (maker of CreatorKit and Top Nine) in 2020 for $30K ($10K upfront plus up to $20K contingent on revenue over 24 months). At the time of the sale it made ~$135 MRR.
Why they sold: Tweet Photo earned little and was a small part of Marc's portfolio, and he had other priorities. He also saw platform risk because the product depended on Twitter and Facebook APIs.
Tweet Photo automatically posted users' Instagram photos and videos natively to Twitter. The idea came from a 2017 blog post Marc Köhlbrugge wrote about a better way to share Instagram photos on Twitter. Interest in that post led him to build the product in just over a week, and he launched it on 12 December 2018.
A 'via tweet.photo' credit on every tweet drove most of its growth. Because posting was fully automatic, retention was close to 100%, and even celebrities used it. The generous free plan meant few users paid, and revenue was about $135 MRR.
In April 2020 Kevin, who was strategically interested because of his products CreatorKit and Top Nine, offered to buy it. They agreed on $30,000: $10,000 upfront and up to $20,000 more tied to revenue over the following 24 months. Marc wrote about the deal in August 2020.
Paraphrased from the maker's public posts and interviews (see sources).
@marckohlbrugge Portugal89K followers
Serial maker behind BetaList, WIP and Startup Jobs, shipping online for 20+ years
BetaList, WIP, Startup Jobs +11
See the Tweet Photo product page or Marc Köhlbrugge's full profile for everything they have built since.
Same buyer, category or sale channel as Tweet Photo.
Ryan Kulp felt it was time to hand the business to new owners with more resources and skills, having concluded that his team's strength was growing a product from hundreds to a few thousand customers.
by Ryan Kulp
The upfront cash gave the founders liquidity and reduced their downside risk.
by Thibault Louis-Lucas (Tibo)
Tweet Hunter and Taplio depended heavily on social platforms, which could shut them down at any moment, so the founders wanted a deal that rewarded their fast growth while protecting the buyer from platform risk.
by Thibault Louis-Lucas (Tibo)
→ SureSwift Capital · 2021
After about seven years running MeetEdgar, Roeder wanted to focus fully on her newer company, Paperbell, a software business for coaches.
by Laura Roeder
Facts are taken from the maker's and buyer's public statements and press coverage. Prices and revenue are shown only when publicly stated; self-reported figures are not independently verified.
Tweet Photo was acquired by Kevin (maker of CreatorKit and Top Nine) in 2020 from Marc Köhlbrugge.
Tweet Photo sold for $30K ($10K upfront plus up to $20K contingent on revenue over 24 months), as publicly stated. At the time of the sale it made ~$135 MRR.
Tweet Photo earned little and was a small part of Marc's portfolio, and he had other priorities. He also saw platform risk because the product depended on Twitter and Facebook APIs.
Tweet Photo was sold about 1.4 years after launch, through a direct sale (sold directly to a buyer, often a competitor, customer or acquirer that reached out).
A blog post can act as a validated MVP. Built-in branding on user output can drive organic growth.