About two weeks ago I announced I was shutting down LearnGPT. After the announcement, I received a lot of interest from people interested in taking it

Turning Down $7k for a Side Project I Announced Two Weeks Ago I was Shutting Down

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2023-01-23 15:30:05

About two weeks ago I announced I was shutting down LearnGPT. After the announcement, I received a lot of interest from people interested in taking it over, so I decided to try to sell it instead of shutting it down. I wound up receiving two offers, one for $6.5k and one for $7k, and the person who made the lower offer later said they’d be willing to offer more, so figure I might have gotten $8k-$9k after some negotiation. But, after a lot of deliberation, I turned down both offers.

At the beginning of the year I finally went full time on my SaaS business, Preceden. I also had recently launched LearnGPT, a site for browsing, sharing, and discussing interesting ChatGPT prompts. But after a few weeks of working on it, I found myself not interested in working on it anymore for a variety of reasons:

I also just had a friend who sold his SaaS business and he estimated it took him about 150 hours to go through the whole process. I didn’t want to spend a bunch of time trying to sell a pre-revenue site, which is why I elected to just shut it down, but after the acquisition interested started coming in, I decided to try to sell it quickly and then switch back to focusing on Preceden.

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