Last week, Alphalerts got acquired. I founded this last year out of my own need.
Alphalerts has many hidden goodies that I use myself:
- sentiment analysis
- downloading and parsing SEC Form-4 reports
- ETF constituents
- live put/call ratio
The acquisition itself was interesting. I put Alphalerts on secondfounder, which itself is run by Arvind (great guy btw), and quickly got >5 requests. I've read about microacquisitions on Hackernews and LinkedIn before, and the trend was always the same - the final sales always happens rather quickly, and in a really focussed and determined way. I can report the same happened here. Mostly slow and uncertain requests, except for one really focussed guy. He squeezed me with millions of questions in one session and wanted to see some code, then asked for a call, and basically bought it all after that call. Quite an amazing collaboration.
We also connected on a personal level, and I must say, I deeply respect that guy for his motivation and his determination. He has a clear plan, and Alphalerts was just part of this. This guy fucks basically.
Big thanks to Arvind and his secondfounder project. Arvind has big plans as well, quite the amazing person.
So there we go, I can now put 1x exit on my LinkedIn profile. And of course put Startup Coach for good measure.