SaaS Entrepreneurship

I sold my company

Starter Story 10 min #136
I sold my company

This is the story of how I sold Starter Story :)


Summary

  • Pat Walls
    • Flew to New York City for a meeting where he might sell Starter Story for a life-changing amount of money.
    • Returned to places from the early Starter Story journey, including his old apartment, the former Starbucks where he worked each morning, and his old job.
    • Remembered wanting something more while working a stable six-figure developer job at a small startup.
    • Built Starter Story through two hours of deep work every morning before work.
    • Wrote, coded, sent emails, interviewed founders, and refreshed Stripe while revenue slowly moved from zero to a few hundred dollars.
  • Building Starter Story
    • Quit his job after about a year of morning work and went all in with about $12,000 to his name.
    • Kept shipping, posting content, interviewing, coding, and working through months where nothing moved or things broke.
    • Saw revenue slowly tick up instead of exploding overnight.
    • Hired his first person, his sister, which made the project feel more real.
    • Continued hiring until Starter Story felt like a real company with more responsibility.
  • Decision To Sell
    • Started the business for freedom, but over time the business became his identity.
    • Felt that Starter Story consumed his days and his sense of self.
    • Had previously said he would never sell, but reconsidered when an actual offer arrived.
    • Questioned whether selling was the rational choice or just a reaction to being tired.
    • Realized the goal was to build something bigger than himself that did not depend entirely on him.
    • Decided that letting go could allow Starter Story to become what it was meant to be.
  • Acquisition
    • Completed the sale and described it as closing a chapter rather than winning.
    • Announced that Starter Story was acquired by HubSpot, a public company.
    • Said the numbers mattered less than alignment during the HubSpot conversation.
    • Shared that the team, mission, and focus on founder stories would remain the same.
    • Expected more resources, bigger interviews, more shows, better production, more tools, and more experiments.
    • Described the sale price only as life-changing and said he could not share full details.
  • Lessons And Reflection
    • Framed the story as proof that life can change through belief and consistency over years.
    • Emphasized that the outcome came from compounding effort rather than one lucky break.
    • Thanked viewers and supporters for being part of Starter Story’s growth.
    • Planned to share more about the deal, negotiation, and building a sellable business separately.
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