Get Your App Acquired eBay-Style on Apptopia
Mar 5, 2012
Apple announced Saturday that the app store had hit 25 billion downloads. But how many of those apps are fueling a thriving business, or even just making money?
Sometimes, app developers just want to move on to a new project, or hand over their free-but-popular baby to someone who can handle the monetization. That’s where Apptopia comes in.
Launching publicly in 3 weeks, Apptopia is a marketplace for selling apps to acquirers. Cofounder Eliran Sapir is a serial entrepreneur who struggled to sell his own app, GPush, and cofounder Jonathan Kay was the ambassador of buzz at Grasshopper. Both are committed to nurturing entrepreneurs: Sapir organizes hackathons, and Kay is a cofounder of the Barcamp Tour.
Here’s how Apptopia works for developers:
- Log in with your Apple or Android account.
- Enter basic information and set a price for your app. (If you’re unsure, Apptopia created a tool to help calculate a reasonable price.)
- Approve the final ad, which automatically pulls in download data from Apple or Android (see below).
- Wait for the bids to flow in. Apptopia has already helped sell 2 apps for $17,000 total (and is in the process of closing a “very big” deal), and the startup has enlisted acquirers including “a few Fortune 500 companies, and a handful of other household names.” If you score a sale, Apptopia will take a 15% cut, up from 10% for early adopters (the Cambridge, MA-based startup was founded last November).
For acquirers, they can buy or bid on apps, and take advantage of Apptopia’s various services: they verify app statistics, handle legal documents for both parties, do escrow, and offer advice.
The service will be free for developers for about a month, and afterward costs $50 to list an app. Find out more about Apptopia at Tech Cocktail’s SXSW #StartupLife Celebration.