Italic
Jeremy grew up in Boston attending a small entrepreneurial-focused college where he was inspired by tech culture during a winter 2013-2014 trip to San Francisco. He visited Monkey Inferno, an impressive startup office run by his eventual role model Sean, which sparked his entrepreneurial ambitions. However, he quickly learned that most startups don't operate in $200k-decorated spaces—that office was the exception, not the rule.
Jeremy started Italic about two years before this conversation with the core insight that manufacturers making products for luxury brands could sell directly to consumers at significantly lower prices. Rather than focusing on a single product category, he deliberately built horizontally from day one to avoid getting pigeonholed. The membership model was inspired by Costco's approach: charge a membership fee ($120 annually) to unlock access to factory-direct pricing.
The company launched its membership offering and began building traction through word-of-mouth and direct outreach. Jeremy leveraged podcast appearances and partnerships to acquire members, even creating promotional codes for media appearances.
The membership model resonated strongly with value-conscious consumers. Members were spending approximately $600-700 in their first six months, with members making about one order per month. This was exceptional unit economics compared to typical e-commerce benchmarks. Jeremy noted that most venture-backed e-commerce businesses appear larger than they actually are, and that bootstrapped brands often significantly outperform their venture-backed counterparts. He emphasized the importance of starting with solid unit economics rather than chasing growth at all costs.
Jeremy crossed the 10,000 member milestone and reported that "things are pretty good." He's focused on maintaining the Costco-style value proposition while avoiding the trap that plagued many subscription businesses of trying to layer on media or content initiatives, which rarely work. At 25 years old, Jeremy is building what appears to be a sustainable, profitable e-commerce platform with strong repeat purchase behavior and customer loyalty.
Similar Companies
G2
$5.0M/moG2 is a leading business software review website and marketplace founded in 2012 by Godard Abel. The company has scaled to over 500 employees and raised $257 million in capital, achieving unicorn status at a $1.1 billion valuation. G2 generates over $5 million in MRR today and targets $100 million in ARR next year through its core G2 Marketing Solutions for vendors, plus complementary products like G2 Track (SaaS spend management) and G2 Deals (marketplace procurement).
Odoo
$2.6M/moOdoo started in 2005 as a services company and pivoted to SaaS in 2010 with a €4M ($12M total raised) investment. The company now serves 11,000 paying customers (4M+ free users) generating $2.6M MRR ($31.2M ARR SaaS + $9M professional services), achieving 110% net revenue retention through an integrated suite of business applications (CRM, accounting, inventory, etc.) with a unique pricing model combining per-user and per-app fees.
Calendly
$2.5M/moTope Awotona founded Calendly after three failed startups taught him the importance of solving real problems rather than chasing money. He spent six months validating the scheduling tool idea by studying competitors' products and user forums, then went all-in by emptying his bank account and hiring engineers in Ukraine. Calendly achieved product-market fit through a freemium model that optimized for invitee experience, growing to 4 million users and $30M ARR largely through organic viral growth and word-of-mouth.
Copy
$2.5M/moCopy is a SaaS product that achieved $30M ARR and 1,000+ G2 reviews without building an outbound sales team. The company leveraged product-led growth and word-of-mouth strategies to drive adoption and credibility on review platforms like G2.
Safety Wing
$2.0M/moSafety Wing is a global digital nomad and remote team health insurance platform founded by Sondra Rashi in 2018. Starting with direct-to-consumer nomad insurance at $45/month, the company pivoted to enterprise remote health coverage in 2020 after receiving 100+ requests from companies wanting to insure global teams. The company has grown to $24M ARR (doubled from $12M the previous year) with 25,000 active policies and has raised $53M total including a $35M Series B at a $195M valuation.