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Selling a Business for 'Parts'

I was listening to the Indie Hackers podcast last night, the one with Baird Hall of Wavve. I would highly recommend this episode if you haven't listed yet. He talked about past experiences and ventures and how when he started realising that one particular product in its current form couldn't be profitable, he turned to 'sell it for parts'. He was successfully able to do this over several months the tune of 27k, not a huge amount of capital but enough so it wasn't a complete waste of time and more so it allowed him to fund Wavve, his most successful venture to date. And although he didn't say this, I am sure it served as some closure too.

A few years back I launched an app called Grado, it was a completely finished platform for communities, a Reddit 2.0 with added features and smart API integrations. There was v2.0 that was more tailored towards local communities (towns and neighbourhoods). If anyone is interested I decided to spin the first website up on Heroku just for fun here.

I launched this at a really bad time in my life, I was struggling with already depression, and money and after spending months building it and the launch going much worse than anticipated I fell further into a depressive state which resulted in me moving back in with my father. Obviously Grado fizzled out and I eventually took it down.

The reason I mention all of this is that months after once I did get my head straight I thought about 'selling it for parts'. I just wanted some sort of resolve to the 18+ months I had spent working on this. But due to having no clue how to go about this, it remained on my hard drive gathering virtual dust, and to this day it's still there.

I have no intention of selling it now as I don't think it would be of any use, although feel free to change my mind. But I am incredibly curious how, if anyone, has managed to achieve the sale of their online business or even more so how they sold parts of it? Any and all feedback would be of great interest to me, and hopefully a few others too.

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