SaaS vs. Content Sites: How to Compare These Two Asset Classes as Acquisition Investments
A 3x multiple on SaaS and a 3x multiple on a content site are not the same investment. Here is how to evaluate these two asset classes side by side before you make an offer.
What Email Newsletters Are Really Worth: How Buyers Should Underwrite Subscriber Lists, Churn, and Monetization Before They Bid
If you have spent any time on the digital acquisition marketplaces in the past year, you have noticed something: newsletter deals are everywhere. Substack newsletters, beehiiv publications, ConvertKit-powered email communities — they are all trading hands, and sellers are asking for multiples that, on the surface, look a lot like SaaS businesses. Three times revenue. […]
Revenue Multiple by Asset Class: Why the Same 3x Means Something Very Different on a Newsletter, SaaS, or Content Site
When a broker lists a digital asset at 3x annual SDE, most buyers read that number and move on. They should not. The multiple is not the deal — the asset class behind the multiple is the deal. I have reviewed hundreds of listings across newsletters, SaaS products, and content sites, and the thing that […]
How AI Is Reshaping Content Site Valuations — And What Smart Buyers Are Doing About It in 2026
I’ve been buying and evaluating content sites for years, and I’ve never seen a market shift as fast as what’s happened over the last eighteen months. AI-generated content, AI-powered search, and Google’s continued algorithm updates have fundamentally changed how I think about what a content site is worth — and I’m seeing a lot of […]
Content Sites Are Down 33%: What Smart Buyers Are Doing Differently in 2026
I’ve been watching the digital acquisition market shift underneath buyers’ feet in real time. If you came into 2026 expecting to run the same playbook you used in 2023 — buy a decent content site, collect AdSense, wait for appreciation — I want to walk you through what the data actually says, and what the […]
How to Negotiate the Asking Multiple Down: A Data-Driven Framework for Digital Asset Buyers
Most buyers accept the asking multiple as fixed. Here is how to build a risk-adjusted counter-offer using the asset’s own data, market comps, and a structured negotiation approach that sellers actually respect.
Net Revenue Retention: The Hidden Multiple Multiplier Serious Buyers Use to Win Better Deals
The Metric Most Buyers Ignore — And Why That’s a Costly Mistake When evaluating a digital acquisition, most buyers fixate on the headline multiple: how many times monthly or annual net profit is the seller asking for? It’s a natural place to start. But experienced acquirers know that the multiple itself is only half the […]
Multiples Are Negotiable: How to Build a Deal Intelligence Framework That Wins
The listing says “3x monthly net profit.” You crunch the numbers. The price seems fair. You move forward. What you may not have noticed is that the seller calculated that multiple using a revenue figure that included a one-time consulting project, a seasonal traffic spike, and ad revenue from a campaign they have no intention […]