Browse Case Studies

Big Ass Fans started in 1999 with founder Kerry Smith manufacturing and selling large-diameter ceiling fans (6-24 feet) for industrial spaces. Despite expecting to sell 1,000 fans in the first year, they sold only 142—but received positive customer feedback that gave Kerry faith to continue. Over 19 years of bootstrapped growth, relentless R&D investment, and a focus on direct customer relationships, the company built an 80% market share and sold for $500 million in 2017, with Kerry distributing $50 million in proceeds to 150+ employees.

Peak Design started when founder Peter Dering quit his construction engineering job with $25k in savings to build a camera clip after struggling to carry his camera during a four-month backpacking trip. Using SketchUp and crude prototypes, he validated the idea and launched on Kickstarter in 2011, raising $364,000 in their first campaign and becoming the second most-funded project on the platform at the time. The company has since grown to $65-70M in annual revenue with just 38 employees through disciplined product innovation, bootstrapped growth, and a focus on solving real problems rather than marketing.

Plunge is a hardware company that manufactures and sells at-home cold plunge devices. Founded in 2020 by Ryan Duey and Michael after their brick-and-mortar float therapy and sauna businesses were impacted by COVID, the company grew from $270k in first-year revenue to $120M+ ARR in four years. Their success is driven by influencer gifting, organic word-of-mouth, and highly efficient paid advertising (7-10x ROAS on Facebook and Google).