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LessAccounting, the Startup That Challenged QuickBooks, Sold

71 pointsby paulcaalmost 9 years ago

11 comments

fredleblancalmost 9 years ago
I met Allan at a conference a couple of years ago, and after meeting him, I recall skipping most of the sessions just to pick his brain about all things business — marketing, structure, etc. He&#x27;s still one of the nicest folks I&#x27;ve ever met.<p>Months later, was connected with him again on Skype, and he remembered just about everything about our interaction, and once again, was super nice and helpful with all of my questions.<p>I also met Steven quite briefly at the same conference this year. Although we didn&#x27;t talk for hours on end, he was also very kind, and very approachable.<p>Anyway, really happy for both of them. It&#x27;s great to read that nice guys don&#x27;t always have to finish last.
djlochealmost 9 years ago
News Summary:<p>They used FE International to sell the LessAccounting assets to American SMB Services. Took about 6 months to close the deal all together. They declined to disclose any $ numbers, but it was an all cash up front deal.<p>The interview is actually a really interesting interview to read.
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rrggrralmost 9 years ago
We use Xero.com. Its considerably &quot;less shitty&quot; than QB was for us. But I still struggle to wrap my head around basic accounting concepts and therefore require a bookkeeper.
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mikeryanalmost 9 years ago
As a long time QuickBooks online user it should be noted that about 2 years ago QuickBooks did one of the best online reboots I&#x27;ve ever seen. The new website is way simpler to use and understand.
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spIrralmost 9 years ago
I&#x27;ve seen their prospectus on FE International, and was surprised by some numbers. Interesting to listen to the founder&#x27;s reflection now.
ThomasSmalealmost 9 years ago
Congratulations to Steven and Allan! Was an honor for the FE International team to be part of the process!
pmichaudalmost 9 years ago
Man, this is great. When I lived in Florida, I had a chance to hang out and cowork with Steve a time or two (this was perhaps 7 years ago?). Incredibly nice, very talented. I&#x27;m super happy for them!
fencepostalmost 9 years ago
Interesting, I suspect this is why the interview posting went up last week but was presumably very quickly removed (before I looked at podcast episode listings and attempted to download it).
mariusc23almost 9 years ago
For those wondering, they sold to American SMB Services.
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kylecordesalmost 9 years ago
Allan and Steven are fantastic guys. Great to see them finish a successful exit.
djlochealmost 9 years ago
Can we change the URL to the actual mixergy link: <a href="https:&#x2F;&#x2F;mixergy.com&#x2F;interviews&#x2F;lessaccounting-allan-branch-steven-bristol&#x2F;" rel="nofollow">https:&#x2F;&#x2F;mixergy.com&#x2F;interviews&#x2F;lessaccounting-allan-branch-s...</a>
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