Service that turned Google Sheets into REST APIs, built as an MVP in a week and doing about $800 MRR a year later. Sold for $35,000 to micro private equity firm Xo.Capital.
Priced against revenue rather than profit, Sheet Best sold at 3.6× annual revenue, above the 2.4× median across the 239 deals with a disclosed revenue multiple. Revenue multiples run higher than profit multiples because they ignore the cost of running the business, so they are only comparable between businesses with similar margins.
The $35,000 sale price puts it in the upper half of the 547 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 186 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.
See how this compares across the market on our market stats page, or browse more Developer Tools exits.
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