Michael Becker · Strategic M&A advisory
Every engagement handled directly

Strategic product & IP transactions

Strategic product and IP transactions for pre-revenue tech companies.

I help founders and portfolio owners evaluate, prepare, and run private sale processes for software, AI, and technically distinctive assets. A software M&A advisor for assets where product, IP, and strategic fit matter as much as financial history.

10+ yearsInside software companies and acquisition environments
1:1Direct founder communication throughout the process
PrivateNamed buyer outreach before any broad listing
SelectiveOnly assets with a credible strategic thesis

Selected engagements

Software assets represented through the sale process.

Each assignment required its own buyer thesis, material set, and outreach strategy. No transaction is represented as closed unless stated.

ChatDoctor logo

ChatDoctor

Pre-revenue conversational healthcare software. Six-month hybrid sale process, including buyer research and tailored outreach across healthcare software and services.

View buyer prospectus

XR Upgrade logo

XR Upgrade

WebXR commerce platform and distributed delivery capability. Buyer materials and targeted strategic-acquirer research for a software-and-services transaction.

View buyer prospectus

What I take on

Assets whose value needs to be translated for a specific buyer.

A strategic product acquisition is not a generic software listing. The work is to identify what transfers, why it matters to a named buyer, and how the asset can produce value inside that buyer’s existing business.

01

Pre-revenue technology acquisitions

Working products, prototypes, source code, patents, data, and technical capabilities with potential strategic value before commercial traction is established.

02

Software IP sales

Non-core products, dormant software, AI tools, and digital assets whose strongest buyer may value the product, IP, or time saved more than current revenue.

03

Founder and portfolio assets

Software businesses and products that need an outside strategic-acquisition advisor to assess readiness, prepare materials, and conduct buyer outreach.

Why an advisor

A listing can create views. A disciplined process creates leverage.

For an early asset, the prospective buyer needs a clear reason to acquire rather than build. That case is developed privately, then tested with the few parties most capable of acting on it.

Why use a strategic acquisition advisor?

  • Clarify exactly what a buyer acquires: product, IP, code, team, product wedge, market access
  • Build a named buyer universe around real strategic fit (rather than just publish an open marketplace listing)
  • Control what is shared, when, and with whom—and create competitive tension to maximize cooperative surplus
  • Mediate a structured path from initial interest through diligence, offers, and closing as a neutral third party

Why work directly with me?

  • You work directly with me from the first review through buyer conversations (no handoff to a rotating junior team)
  • I move quickly, communicate closely by email, phone, or WhatsApp, and give direct feedback if things aren’t moving
  • I have spent my career in software growth, GTM, positioning, and acquisition-adjacent environments—I maintain strategic relationships with select venture firms, PE groups, and acquirers
  • Every process is tailored to the asset and buyer profile—I do not sell generic templates or volume listings

The process

Private, direct, and designed to find a real buyer path fast.

Not every asset should be marketed. The first job is to assess whether a credible strategic transaction is there to run.

01

Screen

Review the product, ownership, timing, and seller expectations.

02

Position

Define the buyer thesis, valuation logic, and likely objections.

03

Prepare

Create the buyer brief and organize technical, IP, and diligence materials.

04

Test

Approach a focused first wave of named strategic buyers privately.

05

Run

Manage interest, demos, diligence, offers, and the route to close.

Relevant experience

I understand software because I have spent my career inside it.

I bring more than a decade of software-company operating experience to the work: product positioning, GTM, buyer narratives, and the practical question of what another company can actually use.

  • Emarsys → SAPBuilt the content and editorial machine for five years preceding SAP’s $500M acquisition
  • Teradata ApplicationsWorked inside the business before its $90M divestiture
  • New Earth KnowledgeBuilt, operated, and sold my own digital-media brand
  • Direct mandatesPrepared and marketed pre-revenue software and software-enabled service assets

Frequently asked questions

What founders ask before starting a sale process.

Straight answers on valuation, timing, buyer outreach, fees, and what a serious transaction actually requires.

How do you determine the valuation of my asset?

For pre-revenue assets, valuation is usually a range, not a clean formula. I review relevant transaction comps where credible data exists, then assess what actually transfers: software, differentiated IP, data, integrations, documentation, customer proof, and time-to-market saved. I test that range against what specific buyers could launch faster, earn, save, or avoid building. What you spent building the asset—or personally need from the sale—does not determine buyer value. If you have a target or hard floor, share it at the start; I will tell you whether I believe the market can support it. I do not provide formal valuation opinions.

What are the top three things buyers look for in a pre-revenue asset?

First, roadmap acceleration: something the buyer already wants and can acquire faster than it can build. Second, clean and transferable technology or IP: clear ownership, manageable dependencies, and real differentiation. Third, proof that reduces execution risk: a working product, credible tests, useful data, integrations, pilots, users, documentation, or transition support. Patents and trademarks can strengthen the case, but only when they protect something the buyer actually wants.

How long does a typical acquisition process take?

An unusually fast asset sale may close within 45–60 days after the materials are ready. A more responsible expectation is 90–180 days, and some processes take longer or do not close. Pre-revenue does not mean simple: buyer interest, internal approvals, technical and IP diligence, negotiation, and transaction documents still take time. I do not accept emergency mandates built around a closing deadline of days.

How do you select the buyer universe?

I start with the asset’s capabilities and strategic value, not a database filter. I rank potential buyers by roadmap fit, ability to deploy the asset, purchasing power, acquisition behavior, likely internal sponsor, and probability of moving. The first outreach wave is intentionally focused so we can learn from real buyer response before expanding it.

How do you approach potential buyers?

Privately and one-to-one, through direct email, LinkedIn, targeted calls, or warm introductions where available. Each approach explains the buyer-specific acquire-versus-build case; I do not send your deck through a generic mass campaign. Sensitive information is shared only after interest is established and appropriate confidentiality protections are in place.

Do you already have buyers waiting, and can you guarantee a sale?

Usually not, and I will never imply otherwise. Buyers are not sitting on standing orders for random pre-revenue software assets. My job is to identify who has a current strategic reason to care, reach the right internal person, qualify interest, and manage the process. No credible advisor can guarantee that a buyer will make an offer or complete a transaction.

Why not list my business on Flippa or BizBuySell myself?

If the asset is standardized, revenue-producing, and easy to price, a marketplace may be a sensible option. For differentiated or pre-revenue software, the strongest buyer may never visit those sites and may value the asset for reasons a listing cannot explain. I run a private strategic process around those buyer-specific economics. If a marketplace is genuinely the better route, I will say so.

Why hire you instead of a firm with a standardized process?

Standardized processes can work well for conventional, cash-flowing businesses. My focus is the harder-to-price asset whose value needs to be translated for a specific buyer. Every engagement is handled directly by me, without a junior-team handoff, generic deck, or automated outreach sequence. My background in software GTM, positioning, and acquisition environments is useful when the central job is turning technical capability into a commercial reason to buy.

What is your normal fee?

Most engagements use an upfront readiness fee, a success fee, or both. A focused readiness sprint generally starts at $5,000; success fees for smaller early-stage asset transactions often range from 15%–30% of total consideration and usually include a minimum fee. Fully contingent, distressed, cross-border, or unusually complex mandates may require higher economics because I assume more no-sale risk. Exact terms follow the initial review.

What needs to be ready before buyer outreach begins?

At minimum: a working product or demo, clear legal ownership, source-code and dependency information, accurate revenue or pilot data, technical documentation, a defined list of assets included in the sale, and realistic expectations around price and timing. The seller must also be available for demos, diligence, and decisions. The materials can still need work; the underlying facts cannot. If basic ownership or proof is missing, the asset is not ready to market.

What if I need to sell immediately?

Tell me the exact constraint and why it exists. I can run a focused process with urgency, but I will not promise an artificial closing date or communicate seller distress to buyers. If the transaction only works with a guaranteed buyer or a closing within days, it is unlikely to be a fit.

Are you a lawyer? Are you licensed?

I am not a lawyer or registered securities broker-dealer, and I do not provide legal, tax, accounting, securities, or formal valuation advice. I advise on qualifying private software, product, and IP sale processes; I do not raise capital, place minority investments, hold transaction funds, or bind either party. Transaction documents, tax matters, and any regulated work are handled by the appropriate licensed professionals. Requirements vary by jurisdiction and transaction structure, so each mandate is screened accordingly.

Initial review

Bring me the asset that does not fit a spreadsheet.

If you own a software product, AI asset, or digital business and want an honest read on whether a strategic sale is worth running, send a short overview. I will review it personally and tell you whether I see a plausible buyer path.