A tech startup CEO wants to buy my app

A tech startup CEO wants to buy my app, which I had only made for learning and portfolio purposes.

So it makes no profit at the moment since the development of it was never intended for commercial purposes. I never pitched it to anyone nor never said to anyone I want to sell it. He's making the offer.

This is what he sent me. I'll use hashtags in place of the CEO name and the company:

Evening, ###### here,

I'm going to need you to give me a price of me buying you out.

And at a 100%. Meaning I will own it.

I'll take a look at your offer and after a couple of months, will give you direct feedback to your offer and if I like it, we will begin the paper work.

Thanks

Yours Faithfully

########### CEO

###########

So we've actually known each other for a couple months now, and he did make it clear that he's interested in the app more than once.

He knows that a lot of work would still have to be in to get it near a competitive level, since right now as it stands, it just has basic features and mediocre design.

I'm thinking perhaps I should let him buy since he may make more use of it then I have.

What offer should I put down.

I assume the time I put into it would be one of the factors I should consider, which was 6 months of work, from start to finish.

I wouldn't mind hanging to a percentage of the app, but not too much that I have to be the one still putting work into it. I wouldn't mind profiting, but I have no interest to continue working on the app myself.

I'd appreciate some advice.

Submitted April 06, 2021 at 03:10PM by Kindly_Ask7277 https://ift.tt/39I7rGM via TikTokTikk