These are the qualities that guide our interest. We look at how they fit together, with attention to the product, the business behind it and the practicalities of a change in ownership.
- An established product
- A live digital product with a trading history and evidence that people find it useful. We want to understand the business as it operates today, alongside the opportunities ahead.
- A lasting audience
- Customers, subscribers or readers with a reason to return. A focused audience with a clear need matters more to us than broad appeal alone.
- Understandable revenue
- A business with existing revenue and a clear explanation of how it earns it. We consider the reliability of that income, the costs behind it and what is needed to sustain it.
- Room for improvement
- Opportunities to strengthen the product, reach the right customers or improve how the business runs. A good product can have untapped potential even when its operations are still shaped around one founder.
- A workable handover
- Ownership of the product and its essential assets can transfer, and the knowledge needed to run it can be shared. We want to understand dependencies and responsibilities early.
- A shared view of the sale
- A founder ready to discuss the business openly and work toward realistic terms. Price, structure and transition all deserve consideration when deciding whether a deal makes sense.

