Frequently Asked Questions

Does BitsForDigits charge any fees?

None. The marketplace is provided 100% free of charge.

Are company listings and capital profiles on BitsForDigits private?

Yes. All company listings and capital profiles made by sellers and buyers are anonymised, meaning names will not be externally displayed on the platform. Instead, unique identifiers are used to reference individual company listings and capital profiles.

Does BitsForDigits broker deals?

No. This is a contact medium that directly facilitates the exchange of phone number digits for bits of information. Of course, the aim is to indirectly facilitate the selling and buying of internet companies’ equity bits for digits on a check. 

Who can reach out to whom on BitsForDigits? 

Buyers can reach out to any seller about their company listing. Conversely, sellers can only reach out to buyers if their company listing matches their search criteria and if buyers have agreed to be contacted. 

Do business owners commit to selling their company by listing on BitsForDigits?

No. Business owners can list their internet companies without committing to anything other than to find out how much buyers are willing to offer. 

How does BitsForDigits put sellers and buyers in contact with each other?

The seller will have put down their preference for how they wish to be contacted by buyers, for example by phone. So when a buyer requests to be put in touch with a seller, we will provide them with a way to reach them, for example the seller’s phone number. Conversely, when a seller wants to reach out to a buyer with matching company search criteria, we will provide their LinkedIn profile.

How much information do I need to share publicly on the platform?

As a seller, you only have to share a brief description of your business, business model, product category and reason for selling. Company metrics are not mandatory but without them you will not be able to proactively reach out to potential buyers. Also, the more metrics you share on your listing, the more attention your listing is likely to get. Similarly for buyers, descriptions, expertise and experience are mandatory. Company criteria are optional and only used if you make your capital profile discoverable to sellers.

Do you offer any vegan options?

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Do you offer any gluten free options?

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Can I clone these sections?

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Why is Webflow so amazing?

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Do we need to write a business plan?

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How can we get funding for our start up?

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Do you offer any vegan options?

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Do you offer any gluten free options?

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Can I clone these sections?

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Why is Webflow so amazing?

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Do we need to write a business plan?

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How can we get funding for our start up?

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Which online businesses can list on BitsForDigits?

BitsForDigits is dedicated private internet companies of all sizes and categories including start-ups, scale-ups and SMBs like SaaS, eCommerce, mobile, FinTech, content, Web3, agency and, of course, marketplace businesses.

Acquirers especially look for cashflow positive businesses, meaning ones that generate revenue. Owners can list for free and choose which offers to accept from investors.

Does BitsForDigits cost anything to use?

It's free for owners. The platform is provided 100% free of charge for owners meaning no listing fees, membership subscriptions or commission charges apply to them. The same is true for acquirers (for now) but in the future we plan to introduce a subscription fee for them to contact owners on the Marketplace.

Both owners and acquirers can create free accounts and get verified at no cost simply by either listing their business or making their profile on the Marketplace. Our focus is to help start conversations that lead to win-win deals.

Are business listings and acquirer profiles on BitsForDigits private?

Yes. We ensure total anonymity. Not a single business listing or acquirer profile hold any personal data on the seller or buyer on the Marketplace. In short, all sign-ups are confidential and everything is anonymised when submitted and published to the Marketplace. The owners have the chance to reveal their business' identity to an acquirer in the chat if they choose to, but are of course not obligated to do so. The same is true for investors.

Can online businesses get funded on BitsForDigits?

No. BitsForDigits only helps introduce owners and acquirers for acquisitions and partial exits. That means the money will be transferred from the acquirer directly to the owner, as opposed to go to the company to help grow the business. To read more about the difference between primary and secondary shares, read our article here.

Does BitsForDigits broker deals?

No. BitsForDigits is a platform serving as a bulletin board for both sides of the platform to facilitate introductions and help start conversations that lead to full and partial acquisitions.

Does BitsForDigits offer advice on valuations, legal and due diligence?

Not directly. BitsForDigits does not offer any hands-on services for idiosyncratic legal nor financial matters. Instead we offer an Advisor Directory for owners and acquirers to connect with experts in whichever domain they need help. This includes valuations, contracts, due diligence, accounting and taxation. Our platform also offers free resources in the form of written content and guides as well as legal templates like NDAs and LOIs.

Who can reach out to whom on BitsForDigits?

Buyers and investors with a verified membership can reach out to any owner with a listed business on the Marketplace. They can verify their account by making their acquirer profile on the For acquirers page. Conversely, owners can choose to answer inbound messages in their inbox from acquirers on the Marketplace.

Do owners commit to sell by listing their business on BitsForDigits?

No. Business owners can list their business for sale without committing to anything other than finding out how much buyers are willing to pay. It's free to create an account and anonymous to list a business so there is no downside risk of doing so.

How does BitsForDigits put owners and acquirers in touch?

Owners and acquirers can engage in direct messaging via the in-app chat functionality on the platform. This is anonymous but of course, you can switch to another channel such as emails or calls once negotiations progress. Both owners and acquirers will have to either list their business or make their profile on the Marketplace to unlock the chat feature. This allows all members of the community to have an idea of who they are speaking to and helps us vet everyone before they get to message our members.

How much information is required to list my business or make my profile?

Owners need to share a brief description of their business, which kind of buyer or investor they are looking for and their reason for selling, plus a few operational and financial details. The more accurate and detailed information is shared on a listing, the more serious investors it will attract. As a consequence of providing information up front, owners can avoid answering the same boneheaded questions over and over. It's about attracting the right kind of attention and indeed the right type of investor or buyer. Trying to hide details and leaving metrics blank to get more offers is a bad tactic as it wastes both parties' time. The truth will always be uncovered during the due diligence anyway.

Investors and buyers will need to enter mandatory information including a short bio and area of expertise.