Gurley states most acquisitions are $20-70 million, but venture backing raises expectations to $150 million or more.
“The number one type of acquisition that the big companies like to do is twenty to seventy million dollars and the minute you take venture, they help you raise the B and all of a sudden everyone's expectation is it's got to be 150 or more or we're not saying yes.”
Gurley cites DP Review selling to Amazon for $40-70 million as a single-founder bootstrapped success.
“One guy, one founder and Amazon reported, no one knows the exact number, but I've heard anywhere from 40 to $70,000,000 for a single guy.”