How and Why I Sold My Software Company > Long Tail Pro
** Not my Success Story – but still a model of inspiration** I am sure you have heard of the software LONG TAIL PRO- well check out his story…
Here is the link to the story, but also pasted below: http://www.nichepursuits.com/how-i-sold-my-software-company/?inf_contact_key=8c8d6d3bfa24ae307df81170c249c6de1945e384da0427da5293bb0c46d570e5
Today, I want to publicly share for the first time that I have sold my software company, Long Tail Pro.
In February of this year I sold a majority share of the company for a significant sum of money, the kind of exit that can have a big impact on one’s life.
I want to share how and why I sold the company in order to both educate and inspire potential software entrepreneurs. I certainly don’t know everything and obviously companies sell for much more than I sold Long Tail Pro for (I won’t be featured in Tech Crunch anytime soon); however, I’m willing to share what I have learned and hopefully that can be beneficial to a few of you.
How I Built the Company…
I’ve shared the history of Long Tail Pro and the genesis of the idea for a better keyword research tool on my blog a few times. In particular, for the history of the company up to 2012, you should read this blog post and for a good overview of how I bootstrapped Long Tail Pro read this one.
However, in a nutshell, I came up with the idea for a better keyword research tool because I was building lots and lots of little affiliate sites for myself, and needed a way to find and cherry pick easy to rank for keywords much faster than existing software would allow.
In other words, I had a problem in my ow ...