​​BitsForDigits is Evolving

BitsForDigits now offers full acquisition as an option on the marketplace. Acquirers, investors and acquisition entrepreneurs can from now on discover full acquisition opportunities on the platform. Similarly, founders and business owners looking to explore a full exit now have the option to list.

The demand for a full acquisition option has been growing on the BitsForDigits platform since the beginning, so it was an important step to introduce this feature in order to ensure that all buyers and sellers have a comprehensive understanding of the full range of options that are available to them.

In addition to full acquisitions, BitsForDigits will continue to allow owners to select their preferred acquisition type whether minority or majority. However, there is still a lack of knowledge in this area and the sometimes lengthier transaction times make partial buyouts a relatively less frequent type of transaction (even if it is in many cases superior). Supporting full acquisitions will enable faster growth of the marketplace and platform which in turns helps educate founders about secondaries and their benefits.

Instating a new revenue floor of $100K

‍

While all other acquisition marketplaces go down market to service the sale of side projects and failed startups,  BitsForDigits goes up market to service businesses with actual product-market fit.

‍

That’s why we have just instituted a new minimum floor of $100K in annual revenue for all businesses that want to list on our marketplace.

From success fees to subscriptions

After considering the implications of the recent change, a subscription fee will now replace the success fee charged to buyers, investors and acquirers on the platform. This ensures that larger M&A deals are not discouraged from listing on the marketplace, which gives our sophisticated buy-side on the platform a high quality deal flow.

‍

BitsForDigits remains free for all founders and business owners who are looking to sell their business, whether partially or fully.

‍

The subscription fee will be introduced in the near future.

So how is BitsForDigits different from competitors?

‍

There are two core aspects that distinguish the BitsForDigits marketplace:

1. We don’t deal in failed startups - only real businesses with proven track records and revenue can list. On average, we reject 3 out of 4 submitted listings to ensure quality is prioritized over quantity.
2. Most other marketplaces either charge high commission fees or are about to. We intend to stick to our subscription fee, making BitsForDigits a very competitive offering.

Click this link to register a free account on BitsForDigits.