John Speed

Built a slightly offbeat but surprisingly profitable portfolio of @Shopify apps and niche websites. Get a dose of feel good business building.

[John Speed @John_Speed]

Bang. Killed another app.

Built 11. Bought 5. Killed 7.

On track. Locked in.

[John Speed @John_Speed]

@Bonthoux @liam_at_shopify Good for you. Do you have any idea what policy the individual reviewer/review was non compliant with?

[John Speed @John_Speed]

@EyalToledano sf is not ready for postcode 🙃

[John Speed @John_Speed]

@vishshet super confusing for merchants. had a couple of these hit my support inbox this morning.

[John Speed @John_Speed]

@stuartchaney More of this please Stuart. Incredibly valuable getting any real world insight into this stuff. Thanks for sharing.

[John Speed @John_Speed]

@stuartchaney Got it, yeah. We've had less success with Fin when the 'bot inbox' is activated. It's much better as the chat triage/agent.

[John Speed @John_Speed]

@Shpigford moodring is a great name

[John Speed @John_Speed]

@RalphEcom Ha! Big OG energy. Wouldn’t be here without you and @EyalToledano pumped for you guys.

[John Speed @John_Speed]

@Shpigford i spent years copying existing website designs figuring out how to actually do things… then i started doing my own thing. those reps mattered

[John Speed @John_Speed]

@hcaz32000 AC express babyyyy

[John Speed @John_Speed]

@matthewsmith fwiw section star feels more brandable/memorable 💫

[John Speed @John_Speed]

@heysandy801 @EvanForge I was at an antique fair on the weekend, ruffling through a bunch of old photos. Picked one out and asked the seller how much, she goes.. oh.. how'd that get in there that's not for sale

[John Speed @John_Speed]

Bought another shopify app for 2.4X arr.
It's one of the healthiest businesses I've seen in a while and I've done diligence on at least a hundred apps. A few years ago this would have gone for 4x easy.

[John Speed @John_Speed]

@celispj @judgeme holy moley. big team.
how often do handle tickets yourself?

[John Speed @John_Speed]

@DavisPaipa 40 hours?!?!

[John Speed @John_Speed]

@ltvhunter Ok you're trustworthy. 🍕

I'm a sucker for a sit down pizza so I'd toss Bar Sugo in there.

[John Speed @John_Speed]

@ltvhunter also what are you top 3 toronto pizzas

[John Speed @John_Speed]

@ltvhunter low six figures
$1–200k arr range feels most likely to compress
everyone wanted a pet saas and had the money (or financing) to bid things up
there's way fewer of those buyers
higher arr opens up a better buyer pool and higher (3x+) multiples for sure

[John Speed @John_Speed]

@EvanForge @heysandy801 yeah always cases where mindset dictates value for the seller… or the buyer
i’m wondering if multiples have dropped overall. As an owner i'm concerned they might keep dropping BUT i’m putting my money where my mouth is... still a buyer at these levels

[John Speed @John_Speed]

@zachklein guides like this are refreshing thanks for sharing the updated version as it looked a little bleak before