SIX FIGURE SAAS RAISED TOO MUCH MONEY LOOKING FOR EXIT
My friend has a SaaS company with ~$125k ARR over 6 customers. The company has been going for a few years and raised too much money from investors ($4M). It’s too small for the headache of any real acquirers. My friend doesn’t necessarily want to walk away but unsure of his options.
The investors will have to write off everything and walk away. Trying to think of a way that they can keep supporting it and hit “restart”. I’m looking to help a friend, no personal gain for me.
Any thoughts on a home? Thanks!