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Bizness Apps

SaaS · founded 2010 · sold May 2018 to Think3 (PE), $20M+ all-cash
👤 Andrew Gazdecki (Bootstrapped to $10M ARR by 29 on $100K raised; the painful exit then taught him to build Acquire.com.)🌐 siteandrewgazdecki.com𝕏LinkedIn

The bootstrapped SMB app builder whose painful $20M+ sale later inspired Gazdecki to build Acquire.com.

Will it work? · our read
Clean cap table. But he sold near the top. SMB-native-app demand faded soon after — timing carried this exit as much as the product did.
01How the money moves
Small business builds its own app, no code
Pays a monthly subscription plus app hosting
$10M recurring ARR compounds into a $20M+ exit
02The numbers
$10MStatedARR at 2018 exit
2018
the sentence on the pagein a competitive industry. They talk about Andrew's previous successes, including growing Bizness Apps to $10 million in annual recurring revenue. They also unpack Andrew's current business,…
$10M
ARR at exit
$20M+
all-cash sale
$100K
total raised
Only $100K raised against a $20M+ exit. Built to Sell ep. 281
$10M ARR at exit; sold 100% for $20M+ all-cash (2018).
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SourcesSources last checked 25 August 2026
Revenue ($10M ARR) and the $100K raised are founder-stated first-party (Gazdecki public statements, Indie Hackers AMA, Startups For the Rest of Us ep. 559), so verified/STATED. The "$20M+ all-cash" price is from Built to Sell Radio ep. 281, secondhand from Gazdecki, not a filing — reported, not audited. Buyer is named Think3 (Austin PE) in Built to Sell and "a private equity firm / ESW Capital" elsewhere. The $15M-for-70% prior offer is also from Built to Sell. The demand-collapse and cap-table-cleanliness framings are [our read] analysis. Competitor prices are current entry plans from vendor/review pages, not 2015 figures. We never score you.