$10M ARR is the FU MONEY of SaaS.
At $10M ARR bootstrapped, you and your co-founder clear $1M+/year in salary and dividends easily.
You can sell instantly for $30-40M. There are hundreds of EBITDA buyers at this level vs. a handful at $1B valuations.
From here, you can do whatever you want.
Hire a CEO and work 1 hour/week. Grind 100 hours if that's your thing. Raise $50M from a position of strength. Scale to $25M ARR with 25 people and pay yourself $10-15M/year.
Most companies never get here because VCs show up early with decacorn dreams and money you don't need.
That capital interferes with the one thing that makes you great: product-market fit.
Bootstrapping to $10M ARR is easier and less risky than creating a VC-backed unicorn, with a far higher probability-weighted outcome.
If you can find PMF and use customer money to get to $10M, you can do anything you want with your life.
Clay ($204m raised)
Apollo ($250m raised)
ZoomInfo (public company)
Orum ($82m raised)
SalesLoft ($246m rasied)
RB2B ($0 raised)
WILD. This is proof you can bootstrap a “billion dollar brand” without raising a $1 of VC
Keep building!
This is WILD! Not only is RB2B the 12th fastest growing software vendor according to Brex, it’s an almost entirely autonomous business at this point. We’ve gone from 3 employees down to 1 employee, and a few people working on it part time.
100% bootstrapped.
Founder: I’ve got 35 AI agents making me 100x more productive!
Me: But you’re still on Zoom calls 9 hours a day...
Founder: [nods]
Me: You’re missing the point of AI
Founder: What do you mean?
Me: You’re trying to bend AI to fit into your existing business. And yeah, you will see some incredible gains come from that. But it's not enough.
Founder: So what’s the problem?
Me: If you rebuilt your product, pricing, and go-to-market around AI… it could run your entire front line. Every customer conversation. Every interaction. You’d be free to focus on SUPER-high-leverage stuff. Product, brand, growth.
Founder: That SOUNDS nice, but our product requires a sales call to get people properly educated and onboarded.
Me: You’re still missing the point. If your product, pricing, and positioning is simple enough, AI can handle ALMOST every customer interaction. We proved that with RB2B.
Founder: But our product is more complex than yours. It has to be.
Me: That’s what every SaaS founder says right before they get out-executed by some YC kid with an AI-native business. Over the next few years, the old guard will stall out, while a new generation of truly AI-native companies emerge who design their product and go-to-market strategies in a way where every human minute spent ACTUALLY gets amplified by 100x.
Founder: What does that even look like?
Me: AI has made the 3-man, $10m ARR SaaS a reality. How? If you’re not on calls all day, you can spend your time on MUCH higher leverage activity like product, pricing, and growth.
Founder: Yeah, but we aren’t RB2B. So what should I do?
Me: Stop asking, ‘How can AI help us do more of what we already do?’ Start asking, ‘What would my business look like if AI could do almost all of it?’ Design that version. Then build toward it.
Founder: That’s kind of terrifying.
Me: It should be. Because if you don’t, you’re screwed.
Founder: And if I do?
Me: You win. $10M ARR. A couple FTEs. The FU money of SaaS.
I’m launching a new startup called MoltSets - Unlimited Contact Data API’s for Clay and Claude Code.
Here’s our full business plan (and how we get to $5m ARR):
Before I start… I am wildly confused and anxiety ridden about the TAM being too small, the market being too saturated, and ending up stuck and this being a waste of time.
But I’m still going to go for it and let reality decide.
WHAT IS MOLTSETS AND HOW IS IT DIFFERENT?
Unlimited contact database for Claude Code / Clay.
A few things set MoltSets apart from the competition:
- 100% of emails will be valid, under 30d, date appended to record
- Phone numbers will be real-time carrier verified
- We will append website content to the company records
Here’s how we’re going to price:
- $19/mo - unlimited, but LOW rate limit - use case would be individual reps in Claude, building lists of 10-20 contacts
- $199/mo - unlimited, medium-y rate limit - use case would be growth marketers building and enriching lists in claude
- $999/mo - unlimited, very very high rate limit - use case would be lead gen agencies adding MoltSets to their waterfalls in Clay and Claude Code
BUT ADAM, ISN’T CONTACT DATA COMMODITIZED AND COMPETITIVE AS BALLS?
Yes.
But we have unique access to cheap acquisition channels that support this low-price, high-value, frictionless PLG funnel.
1. My thought leadership is 1:1 with these audiences
- Anytime I write anything about Clay it rips. Clay’s audience is the $199 (many) and $999 (a few) leadgen agency
- MoltSets is the next story in my thought leadership journey
2. I’m going all-in on UGC
- Creators get 50% off for posting 2x/mo on LinkedIn about MoltSets
- I will comment on every single post from my personal account
- You grow your following by talking about workflows & lowering your email bill
3. I’m pivoting my weekly workshop to be about Claude Skills
- Title: Claude Did WHAT?!? … B2B Experts Share Skills You Can Deploy Today
- Agency guests can share Claude Skill for GTM, give the .md files, and market their services in the skill itself
- I believe I can get agencies more eyeballs than they can get themselves
- This will be excellent YouTube content
3. We will front-run the explosion of autonomous marketing agents
- We’ll launch w/ Stripe MPP and Coinbase x402 agent wallet capability
- No api keys required for agents, no minimums
- We’ll start building our own GTM skill library for agents
- None of this will be revenue out of the gates, but prob 90% in 3 years
ALL THAT SOUNDS GOOD ADAM, BUT THAT BUSINESS SOUNDS “SMALL”.
MoltSets might end up being “small”.
Maybe 2, 3, 5m ARR. Maybe less.
But if we get lucky and a couple of these hypothesis hit...
It could end up being “not small”.
MoltSets will take advantage of distribution moats that we enjoy with RB2B, and allow us to monetize a dataset we already own.
Will it crush?
Or will it flame out?
I’m dying to know what you think.
Join the waitlist for the closed beta: https://t.co/9CyzR4JIPS
Yesterday, RB2B crossed $9m ARR.
I don’t think people understand how crazy RB2B is as a business.
This is not me bragging about my ability as a founder. If it WASN’T my business, I would think the same thing.
Here are 15 insane facts about RB2B:
1. Tate (CTO), Robb, and I decided to go all-in on MoltSets (a new business) five weeks ago.
2. Tate has not touched RB2B code in five weeks.
3. Robb handles escalated tickets in 15min/day or less.
4. I post 3x/week on LinkedIn, NOT about RB2B.
HOW IS THIS POSSIBLE?
5. Since day 1, we kept the product dead simple so that AI could handle customer interaction
6. Robb Clarke made world-class documentation so that Intercom Fin can handle everything
7. Fin started out at 25% resolution, Fin now handles 98.9% of all tickets, escalates 1.1%
8. I have an insanely cheap acquisition channel - my LI thought leadership brand
9. We are a data company, have two other product lines … so we were able to create a B2B database that had zero marginal cost of fulfilling a contact
10. Combine 8 + 9, we were able to price our zero-friction PLG product below competition’s CAC, data costs crushed everybody else from a gross margin perspective
11. We are bootstrapped, so sub-VC scale opportunity of $10-$15m with insanely lean business was actually a MASSIVE WIN to us, given our two other very profitable businesses
12. Because of #11, we didn’t need to add 20+ features to cater to mid-mkt, lower churn, and do $30k annual deals - stayed SMB freemium PLG at 9+% monthly churn
13. As a result, all of our competition from 2 years ago left the market for bigger, better, and far more complex things
14. RB2B’s value prop remains POWERFULLY SIMPLE, with the brand RB2B = WEBSITE ID compounding in the collective consciousness of the B2B SaaS market
15. RB2B remains the last man standing.
We may have caught lightning in a bottle w/ RB2B.
I’m not saying you should go out and try to copy it, because it can’t be done.
BUT…
Knowing that you can create a business that:
- Is founder-led, bootstrapped, and a sub-VC scale opportunity
- Can grow to and eclipse $10m ARR, and
- At that point can be almost completely autonomous
As a founder (or an aspiring founder) you should know that is possible.
The game has changed.
The new playbook isn’t about “more” …
It’s about less, smarter, faster, and completely YOURS.
FYI: Customers churn weeks before saying anything, and you miss it.
In the very beginning at Retention(.)com, our product sounded amazing.
We were making our customers money… but we couldn't show people HOW we were making them money.
So they churned.
The signs were all there…I just didn't know how to read them yet.
This is what to watch for in your business…
If customers stop talking to you.
They stop using the product.
If they're not using it anymore,
they'll churn eventually.
We weren't clearly displaying the value of what we were doing. The better we got at that, the better the stickiness got.
People want some type of return.
If they're not getting it, they're already gone.
Someone asked me recently what decisions I’m losing sleep over.
And there wasn’t one.
For 4 years, I was anxious, grinding, and had no idea whether any of this would work.
The stress was constant.
But at some point (and this didn't happen by accident), it got easier.
We got better at:
> Defining people's roles
> Setting expectations
> Defining deliverables
And all the credit goes to our executive coach for a lot of that.
We have so many good and bad things behind us now that almost nothing catches us off guard.
Everything just hums.
All that was required was making the conscious choice to simplify everything.
@Laraacostar Watch it here: https://t.co/ejM4HOZ6oG
To see me talk with other founders about their strategies, check out my podcast → https://t.co/849DUYEbdu
The simplest LinkedIn strategy I've ever seen is also one of the most profitable.
@Laraacostar hit $200K/month with just LinkedIn.
She did these 4 things consistently, every single week.
1. Education content (positioning)
Two specific breakdowns
Two broad business tips
Every week without fail
2. Lead magnet posts
Getting people onto your email list is where they actually buy
Weekly newsletter so they don't forget you exist
Not optional.
3. Webinars
One post to promote
12 emails:
> 3 to drive signups
> 5 to the waitlist before the event
> 3 after to convert
Most skip the follow-up…but she doesn't.
4. Selective collaborations
Same ICP, different audience
Cross-post
Guests in each other's programs
Warm leads only.
LinkedIn will give you 69 frameworks for generating revenue.
Lara ignored all of them and just did four things consistently.
She joined me on Unf*ck My Startup to break down exactly how she built a $1.5M/year personal brand - whether you're at 0 followers or stuck at 10k.
5 years into building, we were pushing Robly hard, trying to break past $2.5M ARR.
It was clear it wasn’t working…
…so we got super small and figured it out.
The same thing happened in 2023.
We went all in on scaling the sales function at Retention(.)com - hired reps, built out outbound…later on, it was clear that was the wrong decision.
Instead of pressing, we pulled back and reassessed.
From that, we were able to pivot into other product lines.
“That’s great, but what’s the point?”
Both times, being self-funded is the ONLY reason why we were able to take a step back and find a new path forward.
The second you take capital, you step on a treadmill that does not stop, does not slow down, and getting off means you have to fall flat on your face first.
TLDR: Chances are you are much better off avoiding VC/YC.
If you don't know who's visiting your website, you're leaving deals on the table every single day.
RB2B shows you exactly who's checking you out for free.
No demo required. Just plug it in: https://t.co/MNTFCm46jq
I’ve built 3 companies with a combined ARR ot $35M.
So here’s the plan if I had to start a SaaS or AI company from zero today:
> 50 discovery calls before writing a single line of code
> Not "that sounds interesting" - actual prepayment for something not yet built
> Lead with a sizzling one-liner that makes people's eyes light up
> For RB2B, it was "person-level website visitor identification"
> Shouldn’t take more than 4-6 weeks to build
> Everything done manually is done first
> With RB2B, we manually sent spreadsheets over email for 5 months before we put up a website
> Manual processes are your unfair advantage
> Share the building journey in real time
> By RB2B’s launch, 1,600-person waitlist and 300 meetings booked
> $1M ARR in 6 weeks post-launch
> 3 signals to look for: one referral per week from paying customers, customers genuinely upset if I took it away, organic growth without any marketing
> If you don’t see all 3, there’s no PMF yet
> Nothing else works without PMF
> Once you have PMF, you activate 3 channels: content, outreach, retargeting
> Content drives awareness and traffic
> Outreach converts those warm website visitors
> Retargeting brings back people who weren't ready yet
> Keep it authentic
The biggest mistake I see at $10m ARR - and I see it ALL the time - is Founders getting caught up in the completely unavoidable euphoria of real traction and raising VC money for a business that is actually sub-VC scale.
The euphoria happened to me.
I totally went for it in 2022-2023 and went from 6 to 60 people in 60 days. Like almost all of the others who made the mistake, I severely misjudged the TAM, got my ass handed to me in 2024, and by a stroke of amazing luck the market for growth equity fell apart in 2023 as my business was also falling apart.
But many other Founders are not so lucky. They raise when they don’t have to, and trade freedom for the absolute requirement to grow literally forever. They don’t realize they sold their freedom because they only sold 10-15% of their company. But mark my words - you take that money and if you stop growing and you are toast. There is no doing what I did - settling for a much smaller businesses ($35m ARR now) that throws of tons of cash as a consolation prize.
If you take that money thinking you will be the next unicorn and you are not, you are relegated to a decade of a low paying job, when you could have been a bit more cautious/responsible/whatever you want to call it and preserved a life-changing outcome for yourself no matter what happened.
You only need to get rich once. I’m begging you to maximize the probability of that before you swing for the fences.
Just my two cents ✌️
Your best leads are on your website right now…and you’re letting them leave.
You can't just spam them in your sleep and expect it to turn into business.
But resolving people to the person level and then nurturing those people into becoming leads is something everyone should be doing.
We have the technology for it, so why aren’t we?
You're just costing yourself money by not checking your anonymous traffic.
If you don't know who's visiting your website, you're leaving deals on the table every single day.
RB2B shows you exactly who's checking you out for free.
No demo required. Just plug it in: https://t.co/MNTFCm46jq
I have done 0 to $1M ARR 3 times…
…If I lost everything (again) and had to get back up (again), this is exactly what I would do:
1. Start posting organic social content about what I'm an expert in, which is B2B SaaS.
2. Hone the craft and build an audience.
3. In doing so, identify gaps in the market I could fill with a product or a service.
4. Start with the service. Do things for people.
5. Automate the service.
That's the way I've done it 3 times, and that’s the way I would do it again (if needed).
> that's cringe
> you're not ambitious enough
> if that's real, you should sell your company
pov: you build in public, and this is what you will hear… until what you’re building works.
Then they double down. But at least you’re scaling.
I STILL get comments like this on my content, but you have to do what you believe in even if others might not agree.
Build in Public, thank me later.
“Should we be investing in SEO for our 2 year old SaaS?”
Me: “Well, our organic traffic is up 201% and 27-35% of those visitors are signing up for RB2B. These are a few other BANANAS results from the last 6 months working with ”:
> Non-branded clicks: up 43% (4,270 vs 2,980 on 1.36M impressions)
So, SEO is driving LOTS of clicks
> Engaged sessions: up 90% (33K to 62K on total sessions only rising 11%)
So, SEO is driving LOTS of engagement.
> High-value keywords: 164 vs 44 when we started (+270%)
So, SEO is driving LOTS of targeted pageviews.
…Should you be doing SEO?...
…you tell me.
THIS IS AN INCREDIBLY IMPORTANT ACQUISITION FOR FOUNDERS:
What's not said in this "we only raised $8M and sold for $105M" is the little-known fact that the reason they only raised $8M was that several years ago, nobody would do a Series A for that biz.
Which is why Kennan replaced himself as CEO and moved on to ICON.
He was upset about it at the time. That moment he couldn't raise was the single best thing that ever happened to him.
Here's why this matters for founders:
> Selling a business for $105M when you only raised $8M is LIFE CHANGING.
> For the same reason he couldn't get the Series A done, I'm not sure a business like that (sticky but sells to a small TAM of elite Shopify brands at $500/mo) is saleable at $500M+.
> Had he been "lucky enough" to get the A done and raised at a $200-250M valuation, the exit hurdle would've been $600-750M.
> Recharge likely wouldn't be a buyer there ($2.1B val at absolute peak valuations). Not sure anyone would be because if you're buying Skio at $600-750M, you think it's going to $2B.
> Skio (which would be the same, GREAT business) would very likely be stuck in a zombie state, pushing for a valuation it was never meant to reach. Like so many others.
Ryan Allis said something on my show that's stuck with me:
"If you have to raise money, keep it at 1x your ARR at the time."
All because it maximizes your optionality.
You can sell a great biz for $100-150M and go do whatever you want.
You can keep running it.
Or you can keep the equity, hire someone else to run it, and go bigger (like Kennan).
If you're a founder, keeping a low 9-fig exit on the table is an incredibly smart move.
Kennan did it by accident.
You should do it on purpose.
You only need to get rich once. Have as many paths to that place as possible.
(Oh, and PS: the other reason he was able to sell? They were a growing, profitable business. Why do more people not live life this way?!?!)