Kaeda
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Built on rented land

Their business lives inside somebody else's platform. Some got rich. Some got de-listed overnight.

14 teardowns · $10M+
BatchService
Data · Self-funded · Arizona
Data

Bootstrapped to $35M on data, then rules changed

$35M
Stated · revenue at 2022 peak
Core demand tracks a market it can't control.
The edge: Investors themselves, they built cheap skip-tracing and lead tools other investors wanted, and undercut the incumbents.
Open →
Tebex
UK · £22M exit · 2011
Marketplace

Let game servers sell in-game perks — for a 5% cut.

$29M
Estimate · sale to Overwolf (2022)
⚠ Control Low
rides games it can't own
The edge: he lived the pain as a server kid, then became the default payment rail before rivals showed up.
Open →
Clear (ClearTax)
India · 2011 · tax-compliance SaaS
SaaS

India made GST filing the law. Clear became the rails.

$25M
Stated · FY24 rev, +93% YoY
Govt's free portal can commoditize filing.
The edge: When a govt forces millions to file taxes digitally, whoever ships the easiest compliant rails becomes default plumbing.
Open →
Intellicheck
US · NASDAQ: IDN · identity SaaS
SaaS

The law put a barcode on every ID. They read it.

$22.67M
Filed · FY2025 revenue (10-K)
Top 10 customers = 77% of revenue.
The edge: Reads the barcode on every North American license - including the ones that break the AAMVA standard.
Open →
Retention.com
Martech · US · bootstrapped
SaaS

Emails the visitor never gave you. $22M ARR.

$22M ARR
Estimate · ARR, founder-stated 2024
Banned under GDPR — US-only market.
The edge: US anti-spam law is opt-out, so it can email visitors it matched to real inboxes without their consent.
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Text Request
SaaS · Business SMS · USA
SaaS

Why can't you text a business? They fixed that.

$15M
Stated · ARR at exit (2024)
Built on Twilio; thin moat, crowded field.
The edge: Won a crowded texting market on focus and cost, from Chattanooga — then absorbed 20k orphaned Zipwhip customers.
Open →
Optmyzr
PPC automation · bootstrapped · USA
SaaS

Google's ad evangelist quit, then built the PPC tool.

$14.6M
Estimate · est. ARR (Latka, 2023)
A layer on Google Ads; Google can absorb it.
The edge: Fred Vallaeys was Google's AdWords evangelist for a decade. He left, then sold pros better Google Ads tools.
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Lumel
EPM & Power BI apps · self-funded
SaaS

$12M ARR from planning apps that live inside Power BI.

$12M+ ARR
Stated · ARR run rate, self-funded
300 people for about $12M: thin per-head.
The edge: It builds EPM apps inside Power BI and Microsoft Fabric, so Microsoft's install base is its distribution.
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Bizness Apps
SaaS · SMB app builder · exited 2018
SaaS

DIY app builder for SMBs. Bootstrapped, sold $20M+.

$10M
Stated · ARR at 2018 exit
SMB-native-app demand later collapsed.
The edge: Raised just $100K, so a clean cap table let a PE firm buy 100% all-cash — no VCs to negotiate out.
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Chatbase
SaaS · Canada · 2023
SaaS

Custom AI support agents from your own docs.

$10M
Stated · ARR, bootstrapped 2026
Commodity feature; clones and OpenAI compete.
The edge: Shipped "ChatGPT on your data" weeks after ChatGPT itself; $1M ARR in 117 days, zero ad spend, no VC.
Open →
Comalatech
SaaS · Atlassian ecosystem · Canada/Spain
SaaS

Bootstrapped Confluence apps. Sold for mid-8 figures.

$10M/yr
Stated · annual rev., 2021 (TGA)
One platform's rules govern everything.
The edge: Three Confluence apps, 10,000+ installs, bootstrapped 17 years — Atlassian's marketplace handled distribution.
Open →
Rocket.net
Managed WordPress hosting · Jupiter, Florida
SaaS

Cloudflare Enterprise, bundled into a $30 WP plan.

Nearly $10 million/yr
Estimate · at 2025 sale; bootstrapped
Cloudflare owns the network it resells.
The edge: Ran product at a CDN company, then resold enterprise edge to WordPress users at self-serve prices.
Open →
Cars & Bids
Creator-led car-auction marketplace
Marketplace

A car YouTuber turned 5M fans into an auction house.

$675M GMV
Estimate · cumulative, not revenue
Capped fee; the brand is one man.
The edge: Bring a Trailer owns pre-1990 classics; Cars & Bids won modern enthusiast cars via Doug's free 5M audience.
Open →
Roll20
Virtual tabletop · TTRPG · est. 2012
SaaS

Where 10 million play D&D without a table.

10M+
Stated · registered users
warn Control low
rides on D&D's IP
The edge: A $40K community Kickstarter turned into the default browser table for D&D — no install, just a link.
Open →