Spectora
👤 Kevin & Michael Wagstaff (Ex-HomeAdvisor with a realtor license: Kevin knew home-services, then out-worked rivals living in inspector Facebook groups.)🌐 site𝕏LinkedIn
The app home inspectors run their whole job on — built by out-working every rival in their Facebook groups.
Will it work? · our read
Trust won it. No feature here is unclonable. What a copycat can't clone is six years of trust in one community — then Kevin bundled the fragmented tools and let switching costs lock it in.
01How the money moves
Inspector subscribes at $109/mo base
→
Runs every job through the app — reports, scheduling, texting, payments
→
Spectora earns subscription + per-inspection usage + payment cut
02The numbers
$27M
ARR (2024-25)
SaaS Club
$0
VC raised pre-$10M
IndieHackers
200
websites hand-built
SaaS Club
Bootstrapped to $10M ARR (2022); sold about half to Radian Capital in 2023 at a $90M valuation. SaaS Club interview
$27M ARR (2024-25), bootstrapped to $10M on $0 VC.
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(demo: preview the full teardown)Sourcesupdated · daily
SaaS Club — Kevin Wagstaff (200 free websites, revenue timeline)Indie Hackers — hitting $30M ARR with his first productBuilt to Sell Radio ep.480 — the Radian Capital stake dealStartups for the Rest of Us ep.776 — bootstrapping to a $90M outcomeSpectora — Our Story (official)
Revenue is founder-stated across multiple 2024-25 interviews (SaaS Club, Startups for the Rest of Us, Built to Sell), not audited: $1M ARR by early 2019, $10M ARR bootstrapped by 2022, and about $27M ARR by 2024-25. Sources differ ($27M vs $30M, and 2024 vs 2025), so we anchor the lower, widely repeated $27M and flag the range. Founding year is cited as 2016 (SaaS Club) or 2017 (Indie Hackers); we use 2016. 'Bootstrapped' is accurate through $10M ARR — the brothers each put in $2,500 and took no VC; they later sold roughly half to Radian Capital (2023, $90M valuation; more in 2024 at $110M), so it is now PE-partnered, not founder-owned outright. The community-pain origin (HomeAdvisor background, Starbucks-gift-card inspector interviews, years in Facebook groups) and the 200 free-websites wedge are directly founder-stated facts. The 'dies' community-moat argument is [our read], not a founder claim. We never score you.