Browse Case Studies

Egnyte grew from $0 to $300M+ revenue while raising just $137.5M by ignoring the freemium playbook and focusing on enterprise sales from day one. The company took 12 years to hit $100M, then accelerated to $200M in 3 more years and $300M in just 1.5 additional years. They differentiated with hybrid cloud capabilities and compliance focus, now serving 23,000 customers with 1,400 employees.

Livestorm grew from $2M to $9M ARR in one year but nearly collapsed after expanding too broadly into meetings and sales demos, becoming a smaller version of Zoom. After a failed Series C, founder Gilles Bertaux rebuilt product-market fit by narrowing focus to enterprise webinars for European marketers in banking and pharma. The company now generates nearly $20M ARR with 3,500 customers, shifting from 85% monthly self-serve to predominantly enterprise annual contracts.

Adam Fard bootstrapped UX Pilot from a Figma plugin to $5.3M ARR in under two years by solving real AI wireframe generation while competitors were faking it. He used his UX agency revenue to self-fund development and grew to 15,000 paying subscribers with a 600,000-subscriber newsletter. The company accelerated from $3M to $5.3M ARR in just 5 months without any external funding.

Nate Baker founded Qualia, a title software platform, at 21 with no real estate experience by finding his first customer through network selling at a conference. He embedded himself and his first 25 employees in that customer's basement to learn the industry, used multi-year upfront contracts to generate cash flow, and grew from $45K ARR to $100M ARR with 600 employees and $200M+ raised.

Blings is a personalized video platform that serves enterprise customers including McDonald's, Mercedes, Meta, and Rocket Mortgage. Yosef Peterseil bootstrapped the company from zero revenue, landing McDonald's as their first customer through a cold text, and the company hit $1M ARR in 2023 with a team of 19. They learned valuable lessons about charging for POCs, building follow-up systems, and using channel partners to scale enterprise sales.

Nexla is an enterprise data platform founded by Saket Saurabh that serves 50+ customers with 6-figure ACV deals. Saket used founder-led sales to close 15 enterprise customers including Instacart, LinkedIn, and DoorDash before hiring salespeople, growing the company to over $5M ARR after raising $33M total. The company achieved cash flow positivity through a zero-salary pivot before their $12M Series A.

Cotera started as an analytics product that hit $150K ARR but was actually a consulting business since customers never logged in. After a pivot triggered by realizing 100 lines of OpenAI code could replace their complex data science solution, they became an AI-powered platform for building prompt-based AI agents. Now they have 15 enterprise customers generating over $1M ARR by teaching customers to build their own AI agents on existing data warehouses.