SOLD: 23 Year Old Founder Sells his SaaS Startup for $500k

Startup Acquisition Stories

Luke Sheppard recently finished his bachelor’s degree at BYU with a little more spending money and work experience than most grads. He just sold his startup for $500,000 at age 23.

While attending university to study business, Luke launched a company called Revive Ratings. It was a marketing SaaS targeted at insurance agencies. He sold it in just over two years for six figures on Acquire.com.

To successfully launch his business, Luke took some big risks, like buying a one year $50,000 white-labeled software license while still pre-revenue.

But Luke also had lots of help along the way. His professors and even his competitors were happy to take a young college student under their wing as he learned the ropes.

After years of hard work and the help of the Acquire team, Luke managed to secure his dream exit and pave the road to many more to come. He’s already in the process of acquiring his next business on Acquire.

Post acquisition, listen to a jam-packed new episode of Startup Acquisition Stories Podcast as Luke and Andrew discuss:

• The unfair advantage of launching a startup while in university
• Why insurance agencies make great sales targets
• How Andrew first discovered the idea behind his first successful startup, Bizness Apps
• The potential timeline delays from SBA Loan buyers
• Andrew’s college days as a young entrepreneur
• What Andrew Gazdecki would be doing right now if he wasn’t running Acquire

Luke is just getting started and you can follow along on his journey here:

• https://www.linkedin.com/in/sheppluke/

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Be sure to subscribe to see the newest acquisition stories every Tuesday and gain the knowledge to buy or sell your own online business → https://youtube.com/@acquiredotcom?sub_confirmation=1 Want more stories? Access the past 50+ acquisition stories here → https://blog.acquire.com/tag/startup-acquisition-stories-podcast/ Thinking about selling your own startup? The number one question is always 'how much can I sell for' and we've got the answers in our biannual valuation multiples reports here → https://blog.acquire.com/tag/acquire-coms-acquisition-multiples-report/ Thinking about buying a startup? Sign up for a free buyer account and browse all the live listings. Upgrade only when you find the right one that fits your acquisition criteria to engage. Get Started → https://acquire.com/buyers/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Follow the Guest: Luke Sheppard

• https://www.linkedin.com/in/sheppluke

Follow the Host: Andrew Gazdecki -

• ⁠https://twitter.com/agazdecki​⁠
• ⁠https://www.linkedin.com/in/agazdecki/​⁠
• ⁠https://acquire.com⁠

Follow Acquire.com -

• ⁠https://twitter.com/acquiredotcom⁠
• ⁠https://www.linkedin.com/company/acquiredotcom⁠
• ⁠https://www.tiktok.com/@acquiredotcom⁠

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ About Acquire.com: Acquire.com is the largest and most active acquisition marketplace for buying and selling online businesses. Acquire.com is the highest rated platform for both ease and quickness to match buyers and sellers. We cater to all types of online, revenue-generating businesses while producing the highest success rates for SaaS and eCommerce/DTC businesses in the M&A industry. Join over 350,000 entrepreneurs making life-changing connections and deals everyday.