NachoNodes: 1 year to build and exit.
Market
Infrastructure
Challenge
Operations, Growth, M&A
Engagement
In-house project
Outcome
Exit
Background & Objective
NachoNodes was a fast-growing, lean operating node infrastructure company that operated on Pocket Network. The founders sought an early exit while maximizing their returns.
Challenge
Market headwinds meant finding the right partner, and quickly striking a deal was the key to success.
- NachoNodes was a successful player in a niche ecosystem
- Perceptions around the Pocket Network token were largely negative at that time.
- M&A conversations focused on entering Pocket Network with short time horizons and misaligned strategies.
- Major economic changes meant the Pocket Network landscape was quickly changing.
Results
Exited to DLTx ASA due to their shared vision around decentralized web3 infrastructure and massive compute capabilities.
Conclusion
Careful and quick analysis and execution led to a best-case outcome for NachoNodes in a partner with aligned interests and the computing power to scale the node operation.