Andrew Gazdecki, founder of Acquire.com, shares key highlights from his entrepreneurial journey with Zubair Paracha of Refunnel, including starting the marketplace for internet businesses, making acquisitions, and expanding the customer base, as well as mistakes made, the importance of hiring smart individuals, and offers advice for internet entrepreneurs.Sign up for Step events https://stepconference.com/Subscribe now to the Step Feed newsletter for a daily roundup of the top tech & business news https://subscribe.stepfeed.com/_____________________HIGHLIGHTS(1:00) - How did you become an entrepreneur?(1:24) - Why did you decide to do Acquire.com?(3:55) - Preparing to get acquired.(8:47) - How long did it take to make the first acquisition?(11:25) - Mistakes he made early on.(17:26) - Why did you decide to drop micro acquisitions?(20:09) - Expanding the customer base to include startups.(22:53) - How have the multiples changed over the last 12 months?(27:44) - What’s next for acquired calm?(29:28) - Advice on how to build an internet business._____________________QUOTES"There needs to be an easier way to facilitate these acquisitions because it's arguably the most important part of the founder's journey.""I just felt the startup ecosystem needed something like Acquire.com to exist, so I built it.""We want to put the founder first, be the most attractive option for them to sell their business.""Having no commissions made a lot of sense, just here, you can list your business, we charged the buyers.""When we do implement commissions, we're going to do it in a way where we add value to the acquisition.""Building those early relationships, one to one, I think, is really crucial.""There's something that you need to close, which he called a credibility gap.""The longer I was in those roles, the more I could understand them, and optimize them, and then build the processes.""The biggest mistakes I've made building businesses are not hiring people smarter than me and not having a big focus on building the product correctly in terms of infrastructure from the start."_____________________If you’re enjoying this podcast, please subscribe to Step Podcast and leave us a review!Spotify → https://spoti.fi/3LIG8wjApple Podcasts → https://apple.co/3PxIXU5Anghami → https://bit.ly/3lDKxG4

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