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Cold Email for Marketplace Startups

How 5 marketplace companies used cold email to get traction. Real revenue data, growth timelines, and replicable strategies.

5
Case Studies
$38k
Avg MRR (n=3)
$80k
Highest MRR
33%
$50k+ Hit Rate

How They Got First Customers

Todd leveraged 8-10 advertisers from his own websites, then found other sites where those advertisers were spending money and convinced both advertisers and publishers to use the platform together.1
Door-to-door outreach and direct sales, including sitting outside a storage facility shutdown in San Francisco with flyers to convert customers moving out of the facility.1
Cold outreach to prospects, landing first client within a couple of weeks after pivoting to service model1
Cold email outreach to YCombinator startups via YCList platform1

Marketplace Companies Using Cold Email

Flexipleby Suvansh Bansal

Flexiple is a marketplace connecting startups with top remote freelance developers and designers through a rigorous multi-stage screening process. Founded by Suvansh Bansal and two co-founders, the company grew from failed iterations to $80K/month MRR through cold outreach and content marketing, remaining self-funded with lean operations. The team also launched remote.tools, a curated repository of 100+ remote work tools that became a marketing channel and landed 4 new clients via a Product Hunt #2 Product of the Day launch.

Marketplacecold-emailothervia Failory
$80k/mo
Roostby Jonathan Gillan

Roost is a peer-to-peer marketplace founded in November 2013 by Jonathan Gillan that allows people to monetize unused spaces (garages, attics, basements, driveways) to neighbors seeking storage or parking. The company takes a 15% cut from transactions and grew from $2 in first month revenue to $25,000 MRR as of May 2016 (running at $300K ARR), with 650-700 unique sellers listing approximately 2,000 spaces and 500-600 buyers. Gillan raised $4.9M in venture capital (with $3.5M in Series Seed at $12M pre-money valuation) and built a 17-person team based in San Francisco, expanding to cities like New York, LA, Washington DC, and beyond.

Marketplacecold-emailsubscriptionvia Nathan Latka Podcast
$25k/mo
Open Sponsorshipby Ishwin Anand

Open Sponsorship is a two-sided marketplace connecting brands to athletes and sports sponsorship opportunities. Founded by Ishwin Anand (Forbes 30 Under 30), the company grew from a free marketplace to a subscription-based model, generating ~$10K MRR in February 2016 with 25 paying brand customers and 700+ registered users. The founder aims to reach $240K MRR (~$3M ARR) by end of 2016 through building a trained sales team.

Marketplacecold-emailsubscriptionvia Nathan Latka Podcast
$10k/mo
PubLoftby Mat Sherman

PubLoft was a marketplace connecting writers with companies seeking managed blog services at $2,000/month subscription. Mat Sherman grew it from $0 to $24K MRR in 7 months using cold email outreach and personal sales, securing a $100K investment from Jason Calacanis. The company ultimately failed due to loss of key clients, reckless spending post-funding, and misalignment with co-founder Jeremy on strategic priorities.

Marketplacecold-emailsubscriptionvia Failory
Byselladsby Todd Garland

Todd Garland founded Bysellads in 2008 after experiencing the pain of manually managing ad placements on his own hobby blogs. He spent about a year building a simple marketplace using PHP and MySQL that connected publishers with advertisers, eliminating the need for direct coordination. By bootstrapping the advertiser side with his existing relationships and manually emailing with customers to gather feedback, he grew the company to 32 employees over time while maintaining a slow-and-steady, values-driven approach rather than chasing venture capital.

Marketplacecold-emailcommission-basedvia Indie Hackers Podcast

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