I am looking at selling a side-project for around $25-100k. Is anyone here experienced in doing something similar? The technology is quite valuable and would cost 3-4x that amount to build.
Agreed with @metadat, more information would be helpful.<p>Simple rule of thumb is the most you could expect would be around 12x proven revenues or savings. A strong negotiator would probably force you down to around 6x - 8x range.<p>The high costs to build could be a reason that it hasn't been done before. In most organizations, the business case upon project inception would have to show a significant gain from the cost of any project.<p>Another concern would be that your current employer might lay claims upon the results of your side-project if The Thing is in a related area. Of course, that depends upon your employer and the jurisdictions you are operating within.
One reason to sell a side-project is the developer lacks effective marketing ability and is not making any money. Basing the value of a project on revenue, suggests such a project is worthless. Clearly that is not necessarily so. Relying on revenue to determine value is a cop-out avoiding the difficult task of envisioning the future. Unfortunately, people who can envision the future are hard to come by.
How much is the side project earning each month?<p>People are going to want less cryptic and more practical information about The Thing, whatever it may be.
For anyone following this here is an overview doc: <a href="https://docsend.com/view/spqk8tri2393i8ya" rel="nofollow">https://docsend.com/view/spqk8tri2393i8ya</a>
hey, I sold my side-project. App + backend on microaccqaire. I've described the process on my blog, feel free to check it out. (link in profile) [I got ~10x ARR]