Thread by @AndrewPierno

1/🚀Exciting news from our little universe! We just bought another micro SaaS, SupportGuy.co. Today, we're sharing insights on balancing cash for bigger deals while maintaining momentum, and more importantly, how you, fellow entrepreneurs, can learn from our journey.👇

2/🔮Momentum is a tricky beast. We had months with zero deals at XO, then suddenly three in 2 months! Sounds familiar? It's about staying patient and persistent. Momentum comes and goes, and when it hits, it's fun!

3/🤝We just acquired another micro SaaS from the same developer we bought from before. What are the odds, right? Key takeaway: Build and nurture great relationships, you never know when and where they will pay off! #Networking

4/💡So what's SupportGuy.co? Imagine an always-on, always-ready teammate that never misses a customer inquiry. A ChatGPT powered chatbot that is poised to disrupt the intercom-like product market. How's that for innovation?

5/🔥What's the potential here? The vision is clear - to give users real answers, not links to help desk articles. And this ties into a larger idea we love - owning all the tools we use in our portfolio. Think vertical integration for efficiency!

6/💼This strategy isn't just for us, but could benefit any SaaS company. The tools we use, know intimately, and can improve on can become the next products we create or acquire. Let's leverage our deep understanding of these tools to innovate!

7/🎲And don't forget about the AI bet. I'm an OG AI guy, and let me tell you, these LLMs like @OpenAI's GPT and Bard are game-changers. We're making several bets in this space. Why? Because this time, "it's different".

@OpenAI 8/🏗️We believe in creating AI-first experiences that provide immediate, accurate answers to customers. Think fast, think efficient. These experiences will increase our collective productivity and, yes, sometimes it's better to be fast than 100% accurate. 😉

@OpenAI 9/🔄Asset transfer can be tough, we get it. Dealing with @stripe migrations, fixing broken production systems, it's all part of the journey. So, document your processes, learn from your mistakes and grow.

@OpenAI @stripe 10/🎉As we continue to grow and acquire more amazing products like SupportGuy.co, remember that the path to success is a mixture of strategic bets, leveraging your existing resources, and embracing innovation. Stay tuned for more insights from our journey!

@OpenAI @stripe Read: notes.xo.capital/acquisition-8-…
Watch:
Listen: episodes.castos.com/60d5290e07db65…

@OpenAI @stripe This was generated by chatgpt from the transcript of the video. It's a little more cringe than I like.