SaaS Startups

Sue Zimmerman built a multi-million dollar business selling online Instagram marketing courses and coaching services. Her flagship "Insta Results" course priced at $997 generated approximately $67,000 from 67 sales in one year, though total course revenue exceeded $300,000+ when including her lower-priced offerings. Her primary growth channels were speaking engagements, podcast interviews, and strategic email list building (4,900 subscribers from a single strategy guide funnel), focusing on relationship building before conversion.

Kristi Zouki left a six-figure salary at Procter & Gamble to found Knowledge Hound, a SaaS platform that solves 'corporate amnesia' by making companies' market research searchable and discoverable. The platform had grown with double-digit growth rates for three years by 2016, with a goal to hit $5 million in annual revenue by the end of that year.

Cellbreaker was a venture-backed startup co-founded by Jules Hill, who joined the company as COO after graduating from a top-5 business school. The company raised approximately $50K initially and was accepted into the 500 Startups accelerator program in California, which brought an additional $100K investment. Jules eventually left the company after 2 years due to slowed growth caused by legal negotiations with cell phone carriers and potential acquisition talks, though he retains about 1% equity on a vesting schedule.

HEO (formerly Fanpage Factory and Le Jour) is a SaaS platform for social marketing and promotions that was successfully acquired by Vodago, a 9+ year old social marketing promotions platform focused on enterprises and large brands. Nathan, the founder, grew HEO to the point of acquisition through content marketing, particularly via his highly-ranked podcast (number one on Inc., Business, Success, and Huffington Post) and webinars, attracting early customers like Su who became early advocates.

Gusto is a SaaS platform helping small businesses manage payroll, HR, benefits, and health insurance. Founded by Josh Reeves (who previously co-founded Unwrap, acquired in 2010), Gusto has grown to over 25,000 paid customers with a 98% conversion rate from free trial to paid status, serving companies with 1-100 employees at $29/month plus $6 per employee.

Project Repat turns customers' old t-shirts into quilts made in the USA with recycled plastic bottle fleece. Starting with just $25k in seed funding and $8k in the bank, Nathan Rothstein and his co-founder scaled from struggling with a Groupon viral moment in August 2012 (selling 2,000 quilts in a week) to $750k in revenue by November 2015. They aggressively scaled through Facebook ads and email marketing (Klaviyo), reinvesting heavily into customer acquisition to dominate the blue ocean market of affordable t-shirt quilts.

Latergram is a freemium SaaS platform that allows users to schedule and post to Instagram, launched in May 2014 by Matt Smith and co-founders. Starting with 20,000 signups at launch through heavy PR and founder outreach, the company grew to nearly 500,000 users and 3,000-4,000 paying customers generating $50,000 MRR by January 2016. The company raised a $1.2M seed round from investors including Rocket Ship and angels like Heaton Shaw and Aspect Ventures, aiming to reach $1M ARR in 2016 with 25-30% month-over-month growth.

Coach.me is a marketplace for digital, message-based coaching launched in January 2015 by Tony Stubblebine (former head of engineering at Odeo, Jack Dorsey's early employer). The platform takes a 50% cut when it brings clients and 10-30% when coaches bring their own, generating $82k (2014), $650k (2015), and projected $2M (2016). Growth came through validating the coaching model with Tim Ferriss, then focusing relentlessly on improving client lifetime value from $42/year to $90+/year as the product quality improved.

Aircall is a cloud-based phone support software founded by Olivier R. Payees that launched in June 2015. The company grew from $10,000 in first month revenue to ~$100,000 MRR by December 2015 (30% month-over-month growth) through a combination of direct outreach and strategic product integrations. They've achieved negative churn and recently raised $2.8M in seed funding on top of an initial $500K investment.

Cohesity is an enterprise storage company founded by Mohit Rahn, the inventor of hyperconvergence, in June 2013. The company raised $15M Series A from Sequoia and Wing Ventures in November 2013, and $55M Series B in May 2015, achieving a pre-money valuation between $150M-$500M. As of October 2015 (two months after GA), the company had generated under $10M in revenue.

Awesome Web is a freelance marketplace SaaS that flipped the traditional model by charging freelancers ($27/month subscription) instead of clients, eliminating the 10-40% percentage fees charged by competitors like Upwork and Elance. Founded in September 2014 by Nick Tart and co-founders with existing audiences, the platform grew to 1,100 paying freelancer members generating approximately $25,000 MRR by early 2016, with an initial investment of $30,000 from idea to MVP.

Matthew Berman built Sonar (sendsonar.com) to enable customer communication via SMS and messaging platforms. Starting from a prototype built in 6 weeks nights-and-weekends, he raised $1M in seed funding and grew to 120 paying customers with 35% month-over-month revenue growth in 2015, targeting $1M ARR by end of 2016 for Series A.

Cart Hook is an abandoned cart recovery email platform founded by Ben Fisher and Jordan Gull that helps e-commerce stores recover lost revenue from shoppers who add items to their cart but don't complete purchase. The company had around 100 paying customers by December 2015 with an MRR target of $12,000, having raised approximately $300,000 in friends and family funding and approaching profitability.

iMoji is a sticker platform that enables users to create and share custom emojis across messaging apps. Founded by Daniel Gruselowski and Jason Stein with four other co-founders, the company raised $2M in seed funding and grew to over 1 billion impressions per month by December 2015. They monetize through partnerships with messaging apps and plan native advertising as their primary revenue model.

Mailbird is a desktop email client and unified communication tool built by CEO Andrea Lubier, based in Bali, Indonesia. Launched in 2012, the company has grown to manage over 1 million email accounts with approximately 500,000 paying customers and $500,000 in annual recurring revenue. The business uses a freemium model with lifetime purchase and annual subscription options, leveraging flash sales and smart pricing structure to achieve 20% conversion rates on their website.

Derek Capo, a former hedge fund analyst and founder of a study abroad business in China that generated $2.4M in cumulative revenue over 7 years, is building EFIN, a financial analytics SaaS platform. The company uses proprietary algorithms to analyze companies across five segments (board performance, executive management, valuations, technical analysis) and provide investment scores, positioning itself as a superior alternative to Yahoo Finance. Currently pre-revenue with $50K invested by founders and targeting a $500-700K seed round.

12 Labs, co-founded by Ashu Dubey, is a data science-powered weight loss application called Applays that has achieved over 500,000 downloads with approximately 75,000 monthly active users as of early 2016. The company raised approximately $1 million in a priced round led by Salesforce founder Mark Benioff in 2014, focusing on solving the engagement problem that plagues most health apps. While the free app generates no direct revenue, 12 Labs monetizes through an engagement platform for wearables that powers Applays and has shown a 7x improvement in user retention.

Andrea Lake launched Lessons.biz, an online course platform teaching entrepreneurs how to start businesses in specific verticals (starting with T-shirt companies, expanding to restaurants and personal training). The platform pairs detailed, actionable six-week courses with celebrity entrepreneurs who have proven success. With approximately 2,400 email subscribers and courses priced at $497 (self-guided) and $1,997 (with founder interaction), Andrea aims to become the #1 revenue generator in this space by 2018, having previously built six successful companies including StickerJunkie (which sold 20 million stickers).

Vincenzo Villamina left private equity in 2009 during the financial crisis and moved to South America, where he discovered an untapped market: US expatriates needing tax preparation services. He built Online Taxman to serve this niche with expertise in expat-specific tax rules and compliance. By January 2016, the business was generating $20-30k monthly during tax season and was on track to do nearly $1 million in annual revenue.

AdSend Media, founded in 2009 by then-20-year-old Fizan Ali, operates a performance-based advertising platform that rewards users for engaging with ads, shifting focus from advertiser/publisher profit to user experience. The company pivoted from desktop to mobile and now manages approximately $700,000 in monthly media spend ($8.4M annually), taking a 30% cut while distributing 70% to publishers, with 20 employees based in Austin, Texas.