How to sell a project to your competitor? Documents, Warnings, Considerations

By | December 24, 2016

I've created a simple SaaS (Software as a Service) project that helps small towns improve their tourism websites and apps easily, fast and paying a small fee each month.

Why I want to sell it?

I'm moving to the Netherlands and I will not have enough time to develop it. It is for small towns, so there will be many problems with meetings, and so on.

Why to my "competitor"?

  • They are bigger and can offer this service.
  • They trust me, tried to hire me a couple of weeks ago.
  • This project can generate synergies with their business model.
  • Got access to the CEO.

What are my concerns?

I want to propose it, but I don't know how to start. I have the design, the development and examples. The system is straightforward and I'm creating documentation to simplify/explain it even more.

I don't want to get copied, although that would require a good investment on their side, so I think that it isn't very smart.

  • What should I give them?
  • How can I see if there's real interest?