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Mailboat

SaaSSaaS 2023

Mailboat (later rebranded Userping) was a bootstrapped email-sending side project built on AWS SES. The solo founder stopped working on it after 1.5 months and sold it pre-revenue for $4,000 in a direct deal in 2023.

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 bottom quarter of the 623 deals with a disclosed price here, where the median is $21,000. 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 362 SaaS exits, and the ones that disclosed a price sold at a median of $20,000. 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 SaaS exits.

Exit Timeline

Founded
2022
Platform
Direct

Tech Stack

AWS SES

Founder

Source
Indie Hackers