Startup Acquisition Stories

Simple Steps to Get a Bootstrapped AI Startup Acquired

Umar Khan didn’t plan to sell.

Bootstrapped and lean, his AI side project ChatFAI went viral: 1M users in a year and MRR jumping from $500 to $2,000 in two months. Its edge? Long-term memory that kept conversations alive.

Despite traction, Umar chose focus over scale. He listed on ⁠Acquire.com⁠, where verified buyers, clear documentation, and fast communication turned the process into a clean, stress-free exit.

In this episode, Umar shares:

  • How viral growth shaped a bootstrapped exit

    • Why focus matters more than chasing scale
    • How Acquire.com tools built trust and sped up due diligence
  • Here are 3 lessons from Umar’s exit:

    1. Preparation shortens deals
    2. Differentiation makes buyers move fast
    3. Timing your exit is everything
  • Whether you’re scaling for the long run or considering an exit, Umar’s journey proves that timing, preparation, and focus define the outcome.

    Follow Umar's Journey:

    LinkedIn⁠⁠

    X (Twitter)⁠⁠

    ChatFAI⁠