Don’t get just one offer.
$600k is a lot of money, but the just like the old saying goes “Your Price, My terms”
Firms like Micro1, will give you exploding offers that expire before they’ve even seen the data themselves.
Their offer will include full exclusivity for perpetuity.
I can think back through history at points in the Oil/Mineral Rights or a Record Label where taking a perpetual exclusivity for an upfront check was a very expensive mistake for a lot of sellers.
If you want a competing offer that doesn’t blow up in your face, DM Me.
We were offered like $600k to sell our company data to Micro1. 100% not doing it.
But it does interest me like crazy.
What a crazy business model and idea.
If you don't know, here's all I know about them: they go to private companies. They ask for your slack, notion, email info. Offer you 6-7 figures. Somehow anonymize that data and sell it to Openai, etc.
Seems like Micro1 has grown to 9 figures in revenue very very fast.
What else am I missing here. I get the value of this. But doesn't seem right to me.