I Built $140K+ MRR SaaS With No Audience & Sold It For $3.5M

January 16th, 2024

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Spencer Patterson

Founder, Spencer Patterson

$140K

revenue/mo

Founders

Employees

Spencer Patterson

spencerpatterson.com

from

started January 2019

$140,000

revenue/mo

Founders

Employees

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Hello! Who are you and what business did you start?

Hi everyone! I’m @SpencePatterson, and in 2019, I launched a paywall platform for content creators as a niche-specific alternative to Patreon.

I bootstrapped my SaaS from $0 in 2019 with no employees and only one freelance developer. By the time of its sale, the platform was generating between $125,000 - $142,000 in Monthly Recurring Revenue (MRR) on 95% margins, with daily payouts from Stripe and PayPal ranging from $2,000 to $8,000. My startup was recently sold for $3.5M on Flippa. You can read their article about it on Twitter.

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Due to NDA reasons, I can't disclose the name of the business or its current owners. However, the above link serves as proof of my accomplishment.

Initially, when I started the platform, it wasn't intended for use by others. I primarily developed it to streamline my own business operations and content distribution, offering impressive features to automate the process for myself. It was only after I began using my system and saw others struggling with Patreon or other makeshift solutions that I realized its broader potential.

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