We are excited to announce our partnership with DueDilio, an online marketplace that connects business buyers, sellers, intermediaries, and private investors with pre-vetted service providers for due diligence & value creation.
Tiny Acquisitions started out as a marketplace for indie makers, developers to sell tiny projects up to USD 5,000. Our assumption was that this deal size came with relatively low risk, thus legal & financial due diligence processes were left solely up to the buyers and sellers (if they wanted to). We had a simple exchange process on platform that ensured a deal could be complete; funds delivered to seller, assets delivered to buyer within 24 hours or less.
As we increased our marketplace limit to USD 100,000, we saw the need for providing buyers and sellers with adequate resources to protect themselves legally. It's important to note that it is still the responsibility of buyers and sellers (as we act only as a point of contact and exchange) to ensure due diligence. What we have done, however, is to embed resources within our Tiny Acquisitions Escrow Process and leverage the DueDilio marketplace of experts to provide our buyers and sellers with what they need.
The founder of DueDilio, Roman Beylin has been very keen on creating "due diligence as a service" in the form of a marketplace. Here's what he says: "DueDilio is a managed service marketplace that's focused on M&A due diligence. Think UpCounsel but for due diligence. We have a large network of pre-vetted due diligence service providers that specialize in finance, legal, tech, commercial, and other key areas of diligence. Client submit a project, we present them with proposals, answer questions, and connect them with a service provider."
As Tiny Acquisitions continues to grow as the de facto marketplace for makers to get tiny exits, we will continue to improve our service offerings and add value to our users.
Founder of Tiny Acquisitions,