Playbook Media · Field guideGuide 3 / 12
Field guide

What Playbook Media buys.

Established software businesses with loyal customers, understandable economics and room for careful improvement. This guide sets out the details, so you can judge fit in a few minutes.

Contents3.1What does Playbook Media buy?1 / 5

§ 3.1

What does Playbook Media buy?One profile, four categories.

Fig. 3.1Short answer

We look for established subscription software in four categories: developer tools, creator software, productivity software and lightweight business software. We prefer $5k–$20k in monthly recurring revenue and three to eight years of operating history.

  • Customers use the product again and again and can say why it matters.
  • Revenue, refunds, retention and costs are in records we can check.
  • Ownership, licences and know-how can move to a new owner.

§ 3.2

Four categories.Each has its own pages.

§ 3.3

Three patterns we like.Good businesses with one clear gap.

We prefer a business that already works under its current model. An improvement should add value, not rescue the purchase.

Fig. 3.3aThree good businesses, each with one clear gap
  1. Pattern 1

    Good product, weak onboarding

    Customers who get started tend to stay, but many sign-ups never reach the useful outcome. A clearer path to value can help.

  2. Pattern 2

    Loyal customers, heavy operations

    Customers stay, but infrastructure, support or manual work costs more than it should. Better operations can help.

  3. Pattern 3

    Clear value, unclear packaging

    Customers value the product, but the plans do not match how they use it. A careful, measured packaging test can help.

§ 3.4

When we pass.A good business can still be the wrong acquisition.

  • It depends on an immediate rewrite
  • It needs unsupported price increases
  • It only works as a quick resale
  • It does not fit our capacity or mandate

Our first search also leaves out services businesses, marketplaces, regulated businesses and products with high AI costs. They need skills and cases of their own.

§ 3.5

Founder questions.Short answers.

Is the search profile a hard rule?

No. The ranges are preferences for a first subscription acquisition. A business outside them can be worth a conversation, and a business inside them can still be the wrong fit.

Do you buy one-time-purchase software?

Yes, when customers buy upgrades or renew licences. We judge those businesses on repeat purchases instead of monthly recurring revenue.

Do you buy businesses with a team?

Yes. Many businesses at this size have a founder and a few contractors; some have a small team. We agree everyone’s role in the transition plan.

  1. 1Search preferences for a first subscription acquisition. Not a valuation, offer or guarantee of fit. ↩