Startup Acquisition Stories with Dani Parra ibanez and Drilon Sqn, Founder of TrustApps episode artwork

EPISODE · Jan 30, 2024 · 24 MIN

Startup Acquisition Stories with Dani Parra ibanez and Drilon Sqn, Founder of TrustApps

from Startup Acquisition Stories · host Acquire.com

Working a nine-to-five can be a great launchpad for a successful SaaS application. Just ask Belgian founders Dani Ibanez and Drilon Sqn. Using their industry experience, they created a review application for Shopify called TrustReviews and sold it for six figures. Dani and Drilon look similar (and even finish each other's sentences) but they've pursued very different careers. Drilon is a software engineer and a cybersecurity consultant for the Belgian government. Dani worked in ecommerce marketing, advertising, and media buying for a handful of big-name clients. When they started brainstorming products to build together, Dani remembered his problems with product review apps from his marketing days. Many review platforms were two years behind on features like video reviews, for example. They built their own application and grew it rapidly through word of mouth and listening to customer feedback. They were proud of TrustReviews but when they got wind of a real-estate flip opportunity in Belgium, TrustReviews was the product they owned that was most easily sellable. They hopped on Acquire unsure they could actually sell TrustReviews but ended up closing the six-figure deal in a staggering two weeks. They walked away with more than enough to close their real estate deal. Listen to their talk with Andrew post acquisition as they discuss: ► Why you shouldn’t grow a Shopify app too quickly ► What to do with a windfall of money. ► The best parts of the Acquire.com Escrow.com integration ► A key feature they added to their website that boosted sales ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 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: Dani Parra Ibanez and Drilon Sqn https://twitter.com/Daniparraibanez https://twitter.com/DrilonSqn https://reviews.trustapps.co/ (SOLD) 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.

Working a nine-to-five can be a great launchpad for a successful SaaS application. Just ask Belgian founders Dani Ibanez and Drilon Sqn. Using their industry experience, they created a review application for Shopify called TrustReviews and sold it for six figures. Dani and Drilon look similar (and even finish each other's sentences) but they've pursued very different careers. Drilon is a software engineer and a cybersecurity consultant for the Belgian government. Dani worked in ecommerce marketing, advertising, and media buying for a handful of big-name clients. When they started brainstorming products to build together, Dani remembered his problems with product review apps from his marketing days. Many review platforms were two years behind on features like video reviews, for example. They built their own application and grew it rapidly through word of mouth and listening to customer feedback. They were proud of TrustReviews but when they got wind of a real-estate flip opportunity in Belgium, TrustReviews was the product they owned that was most easily sellable. They hopped on Acquire unsure they could actually sell TrustReviews but ended up closing the six-figure deal in a staggering two weeks. They walked away with more than enough to close their real estate deal. Listen to their talk with Andrew post acquisition as they discuss: ► Why you shouldn’t grow a Shopify app too quickly ► What to do with a windfall of money. ► The best parts of the Acquire.com Escrow.com integration ► A key feature they added to their website that boosted sales ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 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: Dani Parra Ibanez and Drilon Sqn https://twitter.com/Daniparraibanez https://twitter.com/DrilonSqn https://reviews.trustapps.co/ (SOLD) 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.

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Startup Acquisition Stories with Dani Parra ibanez and Drilon Sqn, Founder of TrustApps

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How long is this episode of Startup Acquisition Stories?

This episode is 24 minutes long.

When was this Startup Acquisition Stories episode published?

This episode was published on January 30, 2024.

What is this episode about?

Working a nine-to-five can be a great launchpad for a successful SaaS application. Just ask Belgian founders Dani Ibanez and Drilon Sqn. Using their industry experience, they created a review application for Shopify called TrustReviews and sold it...

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