I

Iconbuddy

Developer ToolsFreemium + lifetime deal 2023

Search engine indexing 100k+ open-source SVG icons for designers and developers, with Figma, VS Code and Framer plugins. Creator Fayaz Ahmed sold it in July 2023 for $4,000 when it had no revenue and no traffic; the buyer grew it to roughly $6k/month within nine months.

Financial Data

Asking Price
Undisclosed
Sale Price
$4,000 USD
Monthly Revenue (MRR)
N/A
Annual Revenue (ARR)
N/A
Monthly Profit
N/A
Profit Multiple
N/A
Revenue Multiple
N/A

Exit Analysis

The $4,000 sale price puts it in the lower half of the 608 deals with a disclosed price here, where the median is $20,000. Most indie acquisitions cluster well under the headline numbers founders read about, which is exactly why a real distribution is more useful than an average.

This database tracks 210 Developer Tools exits, and the ones that disclosed a price sold at a median of $25,000. Category matters more than founders expect: buyers apply different discount rates to a content business, a mobile app and a B2B tool even at identical revenue.

From founding to sale took 1.0 years. Time to exit is a decent proxy for how built-to-sell a business was: shorter, cleaner processes usually mean documented operations and fewer surprises in due diligence.

See how this compares across the market on our market stats page, or browse more Developer Tools exits.

Exit Timeline

Founded
2022
Platform
Direct

Tech Stack

Nuxt

Founder

F
Fayaz Ahmed
Source
Indie Hackers