1. Building a Data Asset from Zero
Free Public Data Sources
These are the richest free data sources available for building a B2B data product:
| Source | What You Get | Access Method | Rate Limits |
|---|---|---|---|
| SEC EDGAR | 18M+ filings, financial statements (10-K, 10-Q, 8-K), insider trading (Form 4), executive compensation, company ownership | Free REST API at data.sec.gov — no API key required. Python library: edgartools |
10 requests/second |
| GitHub API | Developer activity, repo stars/forks, tech stack signals, hiring velocity (new contributors), open-source adoption | REST + GraphQL API, free tier with auth token | 5,000 requests/hour (authenticated) |
| USPTO Patent Data | Patent filings, R&D direction, competitive technology signals | Bulk download + API | Generous; bulk downloads preferred |
| Job Boards | Hiring intent, tech stack signals, growth velocity, budget signals (salary ranges), team structure | Scrape Indeed, Greenhouse, Lever, Workable career pages | Varies; use proxies |
| Press Releases | Funding rounds, partnerships, product launches, executive changes | Scrape PR Newswire, Business Wire, GlobeNewsWire | Public pages; respect robots.txt |
| App Store Data | App rankings, download estimates, review sentiment, feature changes | Scrape Apple App Store and Google Play, or use APIs like AppFollow | Anti-bot measures; use headless browsers selectively |
| Crunchbase (limited free) | Funding rounds, investors, company descriptions, founding dates | Free tier limited; scrape public profiles or use API ($) | Rate-limited; paid tiers for bulk |
| LinkedIn (public profiles) | Company headcount, employee roles, growth signals, tech stack from employee skills | Public data visible without login is legally scrapeable; private data behind login is not | LinkedIn aggressively blocks scrapers; use commercial APIs like ScrapIn or Proxycurl |
| Government Registries | Business registrations, licenses, permits, regulatory filings | State SOS databases, FDA, FCC, OSHA — mostly public HTML/PDF | Varies by agency |
Web Scraping at Scale: The Technical Stack
The cost-effective stack for a bootstrapped data startup:
- Framework: Scrapy (Python)
- Asynchronous architecture handles thousands of concurrent requests. Built-in support for proxies, user-agent rotation, retry logic, and export to JSON/CSV/databases. scrapy.org
- Alternative: Crawlee for Python
- Newer framework from Apify. Auto-detects if a page needs JavaScript rendering and only spins up a headless browser when necessary — saves money on proxy bandwidth and compute. crawlee.dev/python
- Orchestration: Apache Airflow
- Schedule and monitor scraping pipelines. Free and open-source. Define DAGs for crawl → clean → enrich → store → deliver workflows.
- Proxies
- Residential proxies are essential for sites with anti-bot measures. Bright Data, Oxylabs, and SmartProxy are the big three. Budget $200–500/mo for a bootstrapped operation. Rotate IPs per request to avoid detection.
- Anti-Bot Evasion
-
- Rotate user agents on every request
- Randomize delays between requests (2–8 seconds)
- Use residential proxies (datacenter IPs get blocked fast)
- Implement exponential backoff for retries
- Only use headless browsers (Playwright/Puppeteer) when JavaScript rendering is required
- Respect robots.txt and rate limits to stay legal
- Storage
- PostgreSQL for structured data, S3/R2 for raw HTML snapshots. At scale: DuckDB or ClickHouse for analytical queries. Monthly cost at startup scale: $20–50/mo on a VPS.
Data Enrichment Techniques
Raw scraped data is low-value. Enrichment is where margin lives:
- Entity Resolution — Match a company across SEC filings, job boards, GitHub, and press releases into a single canonical record. Use fuzzy matching on company name + domain.
- Tech Stack Detection — Crawl company websites and analyze HTTP headers, JavaScript libraries, DNS records, and meta tags. DetectZeStack offers 25,000 requests/month for $15/mo vs. BuiltWith at $995+/mo and Wappalyzer at $450+/mo.
- Growth Scoring — Combine hiring velocity (job postings), funding signals (Crunchbase/press), web traffic trends, and GitHub activity into a composite growth score.
- Contact Enrichment — Layer on email addresses (Hunter.io, Snov.io) and phone numbers (Apollo free tier). Verify emails before storing (clearout.io, neverbounce).
- Intent Signals — Job postings for SDRs/BDRs indicate sales expansion. Job postings mentioning specific tools (Salesforce, HubSpot) reveal tech stack. Funding rounds indicate budget availability.
- Firmographic Enrichment — Employee count ranges, revenue estimates, industry classification (NAICS/SIC codes), headquarters location, founding year.
Building the Pipeline Cheaply
Realistic monthly costs for a solo founder building a B2B data asset:
| Component | Monthly Cost |
|---|---|
| VPS (Hetzner/OVH) for Scrapy workers | $20–40 |
| Residential proxies (Bright Data / SmartProxy) | $200–500 |
| PostgreSQL (managed or self-hosted) | $0–25 |
| S3-compatible storage (Cloudflare R2) | $5–15 |
| Email verification (Clearout/NeverBounce) | $30–50 |
| Tech stack detection (DetectZeStack) | $15 |
| Total | $270–645/mo |
This is enough to build a dataset of 100K–500K enriched company records. The biggest variable cost is proxies — and you can start with fewer before scaling.
2. LinkedIn DM Outreach Tactics (2025–2026)
The Numbers
| Metric | Benchmark |
|---|---|
| Average cold LinkedIn message reply rate | 7–15% (2x cold email) |
| Highly personalized sequences | 25%+ reply rate possible |
| Connection acceptance rate (with note) | ~30% average |
| Personalized connection notes (B2B SaaS) | ~58% higher acceptance |
| Blank connection requests | ~20% acceptance rate |
| Messages referencing recent activity | 27% higher reply rate |
| Messages under 400 characters | 22% response rate |
| Messages 400–800 characters | 3% response rate |
| Follow-ups: % of total responses | 50–70% come from follow-ups |
| Sequenced follow-ups (2–5 day spacing) | 49% improvement in conversions |
| Multi-channel (LinkedIn + email + phone) | 40% higher engagement, 31% lower CPL |
LinkedIn Limits (2026)
| Action | Free / Premium | Sales Navigator |
|---|---|---|
| Weekly connection requests | ~100 (stay under 80 to be safe) | 150–200 |
| Daily profile views | 100–150 on linkedin.com | 600–800 in Sales Nav interface |
| Monthly InMails | 15 (Premium) | 50 |
| Maximum connections | 30,000 | |
| Limit reset | Exactly 7 days after first invitation sent | |
LinkedIn rewards high Social Selling Index (SSI) scores with higher limits (up to 200/week). Accounts that receive many ignored or spam-flagged requests get temporarily restricted for ~1 week.
Connection Request Templates
Connection notes are capped at 300 characters. Keep them short and specific:
Template 1: Shared context
Saw your post on [specific topic] — we’re exploring something similar at [our company]. Mind if I connect?
Template 2: Mutual event/group
Hi [Name], I noticed we both attended [event/conference] last week. Your question about [specific topic] resonated. Would love to connect and trade notes.
Template 3: ICP-relevant hook
You work with [industry] teams scaling [function] — we build tools for exactly that stage. Curious if there’s overlap. OK to connect?
Template 4: Career trajectory
Noticed you moved from [role A] to [role B] — curious how the [function] thinking changes. Would love to follow your posts.
Initial Cold Message Templates (Post-Connection)
Template 1: ICP hook + proof
You lead data at a fast-growth SaaS org — most teams in your place struggle with [specific pain point]. We’ve built workflows that solve that fast. Worth a peek?
Template 2: Insight-forward
If [specific challenge] is on your radar, wanted to share what we’ve seen working across 3 [industry] teams post-Series B. Worth a skim?
Template 3: Data-specific value offer
Saw your post about struggling with [data quality / lead sourcing / enrichment]. We’ve helped three [industry] companies cut [metric] by [X%]. Happy to share the approach if useful.
Template 4: Soft co-learning
Saw you’re solving [specific problem] in [market] — our last client had a [timeframe] cycle down to [improved timeframe]. Might be some patterns worth cross-sharing?
Template 5: For CXOs
Saw you just [trigger event — closed round, launched product, announced partnership]. Most orgs hit [specific challenge] at that stage. We’ve solved for that at [Company X/Y]. Worth a quick download?
Follow-Up Templates
Follow-up 1: Results anchor (Day 3–4)
Quick follow-up — helped a team in your space cut [metric] by [X%]. Happy to explain how if there’s interest on your end.
Follow-up 2: Curiosity nudge (Day 7–10)
Might be way off, but a recent teardown we did on [topic relevant to them] had some surprising takeaways. Want the 2-slide version?
Follow-up 3: Graceful exit (Day 14)
If this isn’t your lane, just lmk and I’ll back off. Appreciate the time either way.
Sales Navigator Strategy
Sales Navigator ($99.99/mo Core, $149.99/mo Advanced) provides:
- 34 lead filters + 16 account filters — company size, seniority, function, geography, industry, years of experience, tech keywords
- Boolean search (Advanced/Advanced Plus only) — combine AND, OR, NOT, parentheses, and quotes for precise targeting
- Saved searches with alerts — get notified when new people match your ICP criteria
- 50 InMails/month — bypass connection request limits; don’t count toward weekly invitation caps
- 10,000 saved leads — build and monitor prospect lists
- 30-day free trial available for Core and Advanced plans
The warm-up play: Before DMing, engage the prospect’s content for 1–2 weeks. Follow them, react to posts, leave thoughtful comments. By the time you send a connection request, you’re not a stranger.
Automation Tools Comparison
| Tool | Price/mo | Key Strength | Safety |
|---|---|---|---|
| Expandi | $79–99/seat | Dedicated IP per user, human-like delays, smart limits. Cloud-based. Builder Campaigns: 22% connection approval, 7.22% reply rate. | High — mimics human behavior, dedicated proxy |
| Dripify | $39–79/seat | Visual drag-and-drop campaign builder for multi-step sequences (connections, messages, InMails, profile views). Great for sales teams. | Medium-High — cloud-based with safety controls |
| Phantombuster | From $56 | Automation factory with 100+ “Phantoms.” Chain actions into custom workflows. Best for data extraction + enrichment, not just outreach. | Medium — safety controls but not LinkedIn-specific |
| Waalaxy | From ~$20/user | Generous free plan, simple UI. Best entry point for freelancers and small teams new to automation. | Medium — Chrome extension, simpler safety model |
Warning: All automation tools conflict with LinkedIn’s Terms of Service. There is always risk of account restriction. Configure conservatively: stay under 80 connection requests/week, randomize delays, use cloud-based tools with dedicated proxies over browser extensions.
Best Practices Summary
- Keep messages under 400 characters (22% reply rate vs. 3% for longer messages)
- Lead with one specific detail about them, a clear reason for reaching out, and a low-pressure question
- Follow-up timing: Day 3–4, then Day 7–10, max 3 direct messages
- Best sending windows: Tuesday–Wednesday, 7:30–9 AM local time
- Optimize your profile before any outreach (headline, about section, banner)
- 66.9% of outbound campaigns now combine LinkedIn + email (multi-channel)
3. Cold Email Outreach for Data Startups
The Numbers
| Metric | Benchmark |
|---|---|
| Average cold email reply rate | 3–5% (industry average) |
| Optimal email length for reply rate | 50–70 words (5.72% reply rate at 54 words) |
| Personalized vs. non-personalized open rate | +10% for personalized |
| Target deliverability | >95% |
| Target open rate | >60% (25–35% is baseline) |
| Target reply rate (optimized) | >15% |
| Meeting conversion target | >4% |
| Follow-up impact | 60% of replies come after the 2nd–4th follow-up |
| Bounce rate ceiling | <2% (Google/Yahoo/Microsoft enforce this) |
| Spam complaint ceiling | <0.3% (target ≤0.1%) |
Email Templates for Data Startups
Template 1: The Data Quality Pain Point
Subject: Your [industry] data is probably 30% stale
Hi [Name],
Most [industry] teams we talk to discover 30–40% of their prospect data is outdated within 90 days.
We built a [specific data product] that [specific outcome — e.g., “refreshes [data type] weekly for [vertical]”].
[Company X] cut their bounce rate from 12% to 2% in the first month.
Happy to send a free sample of 100 records in your target market. Worth a look?
[Name]
[One-line company description]
Template 2: The Competitor Pain
Subject: Saw you’re hiring SDRs
Hi [Name],
Noticed [Company] posted 3 SDR roles last week. Scaling outbound?
Most teams at your stage find ZoomInfo/Apollo data is 20–30% inaccurate for [specific vertical]. We specialize in [niche] — verified [data type] updated [frequency].
Want a free side-by-side comparison? I’ll pull 50 records from your target market in both tools.
[Name]
Template 3: The Trigger Event
Subject: Congrats on the Series [X]
Hi [Name],
Congrats on closing the [round]. Exciting times.
Post-funding is usually when teams realize their prospect data doesn’t scale. We helped [Similar Company] build a verified pipeline of [X,000] [vertical] contacts in 2 weeks.
Worth 15 minutes to see if we can help you hit your new targets faster?
[Name]
Template 4: The Free Sample
Subject: 200 free [vertical] contacts for [Company]
Hi [Name],
I put together a list of 200 [specific persona, e.g., “VP Marketing at ecommerce companies doing $5–50M”] contacts in your target market.
All verified this week. Emails, direct dials, tech stack, and recent funding data included.
Want me to send it over? No strings — just want you to see the quality before we talk pricing.
[Name]
Follow-Up Sequence
A 4-touch sequence over 10 days, spaced correctly:
- Day 0: Initial personalized email with specific hook
- Day 3: Brief follow-up referencing first email, add new proof point or value
- Day 7: Share a relevant case study or data insight (no hard ask)
- Day 10: Breakup email — different CTA or graceful exit
Subject Line Best Practices
- Keep under 5 words when possible
- Ask a relevant question or reference concrete context
- Avoid spam triggers: “free,” “guarantee,” “act now,” “limited time”
- Personalize with company name or specific detail
- Examples that work: “Quick question about [Company]” / “Saw you’re hiring SDRs” / “[Mutual connection] suggested I reach out” / “Your [vertical] data”
Sending Infrastructure
| Platform | Price | Best For | Key Feature |
|---|---|---|---|
| Instantly | $97/mo (Hypergrowth: 25K contacts, 100K emails) | Highest ROI for volume senders | SISR (Server & IP Sharding and Rotation), 4.2M+ account warmup network, 450M+ verified B2B contacts, unlimited sending accounts on all plans |
| Smartlead | $94/mo (Pro: 30K leads, 150K emails) | API-heavy / technical users | SmartSenders auto-configures SPF/DKIM/DMARC, AI warm-up engine, unlimited sender addresses, higher open rates in testing (45.9% vs. 36.5% for Lemlist) |
| Lemlist | $79–109/user/mo | Creative multi-channel (email + LinkedIn + calls) | Lemwarm for warmup, dynamic images/videos in emails, personalization at scale. Per-seat pricing makes it expensive for teams. |
Instantly and Smartlead both offer unlimited sending accounts on all plans (flat fee). Lemlist charges per seat.
Deliverability Setup (14-Day Checklist)
-
Days 1–2: Authentication
- Use a separate sending domain (e.g.,
outreach.yourcompany.com) — never send cold email from your primary domain - Publish SPF record — specifies which servers can send email for your domain
- Set up DKIM — cryptographic signature proving the email wasn’t tampered with
- Configure DMARC — start with
p=none, move top=quarantineorp=rejectonce aligned. Fully aligning both SPF and DKIM is recommended. - Register in Google Postmaster Tools to monitor reputation
- Use a separate sending domain (e.g.,
-
Days 3–5: Tracking & Warmup
- Set up custom tracking CNAME (branded link tracking domain)
- Begin email warmup: 10–20 emails/day in Week 1
- Use 3–5 inboxes per domain for optimal results
-
Days 3–7: List Hygiene
- Verify 100% of email addresses before sending (Clearout, NeverBounce, ZeroBounce)
- Remove role accounts (info@, sales@, admin@)
- Target <2% bounce rate
-
Days 7–10: Content Preparation
- Write 2 subject line variants and 2 body variants for A/B testing
- Keep emails 50–70 words
- One clear CTA per email
- Include physical mailing address (CAN-SPAM requirement — most common violation)
-
Days 10–14: Ramp & Monitor
- Week 2 volume: 20–40 emails/day per inbox
- Run inbox placement tests
- Auto-pause accounts if bounce rate >2% or spam rate approaches 0.3%
- Stabilized volume after warmup: 20–50 emails/inbox/day
Compliance Requirements
| Law | Scope | Consent | Key Requirements | Penalty |
|---|---|---|---|---|
| CAN-SPAM (US) | All commercial email in the US | Opt-out (no prior consent needed) |
|
Up to $51,744 per email (2025 adjusted). No cap on total fines. Each email = separate violation. |
| GDPR (EU) | EU residents’ personal data | Legitimate interest for B2B (Art. 6(1)(f)) |
|
Up to €20M or 4% of global revenue |
| CCPA (California) | California residents | Opt-out focused |
|
$7,500 per violation |
2025 enforcement update: Google, Yahoo, and Microsoft (as of May 5, 2025) enforce bulk sender rules
requiring spam complaints under 0.3% and bounces under 2%. Gmail expects the From: domain to align with
either SPF or DKIM. Implement List-Unsubscribe and List-Unsubscribe-Post headers (RFC 8058).
4. Identifying Ideal Customers for a Data/Leads Product
ICP Framework for Data Startups
An Ideal Customer Profile (ICP) combines firmographic, technographic, and behavioral attributes to define your most valuable customer segment. For a data/leads product, your ICP framework should layer these dimensions:
Dimension 1: Firmographics
- Company size: 50–500 employees (large enough to have a sales team, small enough that ZoomInfo is too expensive or overkill)
- Stage: Series A–C funded, or bootstrapped at $1M–10M ARR
- Industry: B2B SaaS, fintech, agencies, staffing firms, real estate tech
- Geography: US/UK/EU (highest willingness to pay for data)
- Revenue: $2M–$50M (enough budget for tools, not enough for ZoomInfo enterprise contracts)
Dimension 2: Technographic Signals
- Using HubSpot, Salesforce, Pipedrive, or Close — they have a CRM, so they care about data
- Using Apollo, Lusha, or Hunter.io free tiers — already buying data, likely hitting quality limits
- Using Outreach, Salesloft, Instantly, Lemlist — they run outbound sequences and need fresh data to fuel them
- Not using ZoomInfo or Cognism enterprise plans (too entrenched to switch)
Dimension 3: Behavioral / Intent Signals
These signals indicate a company is actively in-market for better data:
| Signal | What It Means | Where to Find It |
|---|---|---|
| Hiring SDRs/BDRs | Scaling outbound → needs prospect data | LinkedIn job posts, Indeed, Greenhouse, Lever career pages |
| Hiring “Revenue Operations” / “Sales Ops” | Building sales infrastructure → evaluating data tools | Same job boards |
| Recent funding round | New budget, pressure to grow fast, likely scaling sales team | Crunchbase, TechCrunch, press releases |
| Job posting mentions specific tools | E.g., “experience with Apollo/ZoomInfo” = actively using data tools, may be frustrated | Job board keyword monitoring |
| Company headcount growth >20% in 6 months | Fast growth = need more pipeline = need more data | LinkedIn company page, headcount tracking tools |
| Posting about outbound challenges on LinkedIn/X | Explicit pain signal | Social listening, Sales Navigator keyword alerts |
| Using competitor free tiers | Have the need, budget-conscious, might upgrade to you | G2/Capterra reviews mentioning free tier limitations, tech stack detection |
Dimension 4: Buyer Personas Within the ICP
| Persona | Title | Pain Point | How They Buy |
|---|---|---|---|
| The Sales Leader | VP Sales, Head of Sales, CRO | “My SDRs waste 40% of their time on bad data” | Wants ROI proof, pipeline impact numbers |
| The RevOps Builder | Revenue Operations Manager, Sales Ops | “I’m juggling 4 tools for pipeline visibility” | Wants API access, CRM integration, data quality metrics |
| The Growth Founder | CEO/Founder at 10–50 person company | “I can’t afford ZoomInfo but need better data than Apollo free” | Price-sensitive, wants to try before buying, values speed |
| The Agency Owner | Lead gen agency founder | “My clients need niche data I can’t get from generic providers” | Needs white-label/API access, volume pricing, vertical specificity |
How to Operationalize This
- Build a lead list using your own data product — scrape job boards for SDR/BDR postings, cross-reference with Crunchbase funding data, filter by company size and tech stack
- Score leads — +10 for hiring SDRs, +10 for recent funding, +5 for using HubSpot/Salesforce, +5 for 50–500 employees, +5 for B2B SaaS vertical
- Prioritize — work the highest-scoring accounts first
- Monitor continuously — set up daily scrapes of job boards and funding announcements to catch new ICP accounts
5. Early Customer Acquisition Tactics
Tactic 1: Free Data Samples
The single most effective tactic for data startups. Let the product sell itself:
- Offer 100–200 free verified records in the prospect’s target market
- Include enrichment (emails, phone, tech stack, funding) so they see the full value
- Let them compare side-by-side with their current provider
- No credit card required, no demo call required — just send the data
- Conversion from free sample to paid: aim for 15–25% (track this metric religiously)
Tactic 2: Building in Public
Share your data-building journey on LinkedIn and X/Twitter. What to post:
- Pipeline architecture breakdowns (“How we scrape and enrich 50K company records/week”)
- Data quality insights (“We tested 5 data providers. Here’s what we found.”)
- Revenue milestones transparently ($0 → $1K MRR → $5K MRR updates)
- Behind-the-scenes of data enrichment (“How we verify email addresses at 99% accuracy”)
- Niche data reports for free (“Every Shopify Plus store in the US with 10–50 employees”)
LinkedIn in 2026: short-form video and document carousels are the highest-performing formats, with video generating 3x more engagement than text-only updates.
Tactic 3: Product Hunt Launch
Benchmarks and execution playbook for a B2B data tool launch:
- Preparation: 4–6 weeks before
-
- Build maker profile, engage with 10+ relevant launches beforehand
- Prepare: clean thumbnail, hero image, 4–6 screenshots, demo GIF showing “aha moment”
- Segment supporters across time zones (US, EU, APAC)
- Craft one-sentence explanation: what it does + who it’s for
- Launch day execution
-
- Launch Tuesday–Thursday (avoid Monday/Friday/holidays)
- Post first maker comment within 5 minutes (85%+ correlation with top 10 ranking)
- Reply to every comment within 15 minutes
- Stagger outreach in 4–5 waves across time zones (NOT one mass blast)
- Target: 200–350 upvotes for top 5 positioning
- Avoid red flags: 20+ upvotes in first 10 minutes triggers review; comment-to-upvote ratio below 1:20 suggests manipulation
- Post-launch (30-day sprint)
-
- Days 0–2: Welcome emails guiding users to core value moment. Days 1–3 drive 60–75% of total PH traffic.
- Day 1 signup conversion: 8–15% of visitors
- 7-day activation rate: 30–50% of signups
- 30-day paid conversion: 5–12% of activated users
- The #1 reason PH launches fail: no post-launch conversion system
Tactic 4: Reverse Trial
Give customers full access to paid features, then downgrade to a freemium plan when the trial ends. This combines the conversion power of free trials (15–25% conversion) with the long-tail engagement of freemium (users stay on free plan, upgrade later). Particularly effective for data products where the value is obvious once you see the data quality difference.
Tactic 5: Community-Led Growth
Key framework (realistic timeline: 12–18 months to see ROI):
- Member progression: Lurkers → Contributors → Ambassadors
- Revenue impact: Community-led customers spend 24% more per purchase; brands with active communities see 46% higher CLV
- For data companies specifically: Create a Slack/Discord community for “outbound operators” or “data-driven sales teams” — share data quality benchmarks, outreach templates, and industry reports
- Avoid: Using the community as a direct sales channel (people leave)
- Metric to track: Community-influenced pipeline (revenue from prospects who engaged with community touchpoints)
Tactic 6: Content Marketing for Data Companies
Data companies have a unique advantage: they can create high-value content by analyzing their own data. Examples:
- “State of [Industry] Hiring: Q1 2026” (from job board scraping data)
- “Which CRMs Are Growing Fastest?” (from tech stack detection data)
- “Average Funding Round Sizes by Vertical” (from Crunchbase + SEC data)
- Weekly email digest with curated data insights for your niche
- Free tools: “Check your tech stack” or “Verify your email deliverability” landing pages
Freemium vs. Free Trial Decision
| Model | Avg. Conversion | CAC Impact | Best When |
|---|---|---|---|
| Freemium | 2–5% | 50–60% lower CAC | Large addressable market, network effects, low marginal cost per user |
| Free Trial | 15–25% | Higher CAC, more sales-touch required | Complex product, high ARPU, B2B enterprise |
| Reverse Trial | Best of both | Moderate | Products where value is immediately obvious with full access |
For data startups: A credit-based freemium model (like Clay) works well. Give 100 free lookups/month to hook users, then charge for volume. Apollo.io grew to $150M ARR largely through its generous free tier.
6. Niche Data Opportunities ZoomInfo Misses
ZoomInfo ($260M+ profiles, $15K–$100K+/yr contracts) excels at generic B2B contact data for mid-market and enterprise sales teams. But it serves verticals poorly, misses small businesses entirely, and charges prices that exclude bootstrapped teams. Here are the gaps:
Vertical-Specific Data Niches
| Vertical | Data Gap | Potential Customers | How to Build It |
|---|---|---|---|
| Healthcare Providers | Verified physician/practice data with NPI numbers, specialties, insurance networks, EHR systems used. HIPAA-compliant contact info. | Pharma sales, medical device companies, healthtech SaaS, healthcare staffing | NPI registry (public, free), state medical boards, CMS data, hospital websites. Niche player: MedicoLeads. |
| Restaurants & Food Service | Owner contact info, POS system used, delivery platform presence, menu data, location count, estimated revenue | Restaurant tech vendors, food distributors, POS companies, delivery platforms | Yelp, Google Maps, state health department inspection databases, delivery platform listings |
| Ecommerce / Shopify Stores | Store owner data, platform used, estimated revenue, product category, tech stack (apps installed), traffic estimates | Ecommerce SaaS vendors, agencies, 3PL companies, payment processors | Store Leads (4.5M+ stores), BuiltWith, tech stack detection on storefronts. CartInsight has 392K+ Shopify stores. |
| SaaS Companies | Product-level data: pricing, features, tech stack, ARR estimates, growth rate, churn signals, competitive positioning | VC firms, PE firms, M&A advisors, SaaS tools selling to SaaS | G2/Capterra reviews, job boards for hiring velocity, GitHub for tech stack, Crunchbase for funding, pricing page monitoring |
| Crypto / Web3 Projects | Project team data, token metrics, GitHub commit activity, TVL, community size, regulatory status | Crypto VCs, exchanges, audit firms, infrastructure providers | On-chain data (Dune Analytics), GitHub, Telegram/Discord scraping, DeFiLlama, CoinGecko APIs |
| Local / SMB Businesses | Small business owner contact info, business type, years in operation, employee count, technology used | Local SaaS tools, insurance brokers, business lenders, commercial real estate | Google Maps, Yelp, BBB, state SOS filings, county assessor records |
| Construction & Trades | Contractor licenses, project data, bonding/insurance info, equipment owned, subcontractor relationships | Construction SaaS, equipment dealers, material suppliers, insurance brokers | State licensing boards, building permit databases, project bidding sites |
Data Type Niches
| Data Type | What It Is | Why It’s Valuable | Competition Level |
|---|---|---|---|
| Technographic Data | What technologies a company uses (CRM, analytics, hosting, frameworks) | Sell to companies already using complementary tools; identify displacement opportunities | Medium — BuiltWith ($995+/mo), Wappalyzer ($450+/mo), DetectZeStack ($15/mo) exist. Room for vertical-specific. |
| Hiring/Intent Data | Job postings as buying signals — who’s hiring for what roles | Predict which companies need your product before they start searching | Low-Medium — few providers do this well for specific verticals |
| Funding Data | Who raised money, how much, from whom, and when | Freshly funded companies = new budget, growth pressure, tool-buying mode | Medium — Crunchbase dominates but is expensive; room for real-time alternatives |
| Geographic / Local Data | Business data for specific cities, states, or countries underserved by US-centric providers | LATAM, SEA, Africa, Eastern Europe are poorly covered by ZoomInfo | Low — huge opportunity in non-US markets |
| Product/Pricing Intelligence | Competitor pricing changes, feature additions, positioning shifts | CI teams, product managers, investors all want this | Low-Medium — Crayon/Klue charge $15K–$80K/yr for enterprise |
Existing Niche Data Providers (Competitive Landscape)
- Store Leads (storeleads.app) — 4.5M+ active ecommerce stores, 60 search filters, weekly updates. Lowest prices in the ecommerce data space.
- MedicoLeads — Healthcare-only B2B database. HIPAA-compliant physician and hospital contact data.
- Coresignal (coresignal.com) — Billions of records across companies, employees, and job postings via REST API. Daily to quarterly refresh. Serves 700+ organizations.
- People Data Labs — 3B+ person profiles, 60M+ companies via data co-op model. Monthly updates. API-first.
- Bright Data (brightdata.com) — Proxy infrastructure + dataset marketplace with pre-collected data from 120+ domains.
- SalesIntel (salesintel.io) — Signal-first pipeline generation. “Research on Demand” feature for hard-to-find contacts in niche verticals.
- CartInsight (cartinsight.io) — 392K+ Shopify stores plus Magento, BigCommerce, WooCommerce data.
Strategy: Pick One Vertical, Go Deep
The playbook for a bootstrapped data startup is not to compete with ZoomInfo on breadth. Pick one vertical or data type where:
- You can build a differentiated dataset from public sources
- Existing providers are either too expensive or too generic
- There are clear buyers willing to pay for vertical-specific accuracy
- You have domain knowledge or access to unique data sources
Then own that niche completely. MedicoLeads owns healthcare. Store Leads owns ecommerce. What vertical is still unclaimed?
7. Revenue Numbers from Data Companies
Funded Data Companies (Reference Points)
| Company | ARR | Funding | Model |
|---|---|---|---|
| ZoomInfo | ~$1.2B (public company) | Public (NYSE: ZI) | Enterprise B2B data platform. $15K–$100K+/yr contracts. |
| Apollo.io | $150M (May 2025), up from $134M (end 2024), $96M (2023) | $251.3M raised, $1.6B valuation | Freemium + paid plans. Grew massively via generous free tier. 5K+ customers. |
| Clay | $100M (Nov 2025), up from $30M (end 2024), $500K (end 2022) | VC-backed | Credit-based subscription. Supercharged spreadsheet connecting 100+ data sources. 10x’d ARR in 2023. |
| Cognism | Not disclosed | $130M raised ($87.5M Series C, Jan 2022) | GDPR-compliant B2B data. Strong in Europe. |
| Clearbit (acquired by HubSpot) | ~$50M+ (estimated pre-acquisition) | Acquired by HubSpot, 2023 | Real-time data enrichment API. $12K–$80K/yr contracts. |
Bootstrapped SaaS Benchmarks ($3M–$20M ARR)
From SaaS Capital’s 2025 survey of 1,000+ private SaaS companies:
| Metric | Median | 90th Percentile |
|---|---|---|
| Year-over-year growth rate | 20% | 51% |
| Net Revenue Retention (NRR) | 104% | 118% |
| Gross Revenue Retention (GRR) | 92% | 98% |
| Profitability | 85% of bootstrapped companies are at breakeven or profitable (vs. 46% of VC-backed) | |
The Global Data Enrichment Market
- Current market size: $2.9 billion
- Growth rate: 10.1% CAGR through 2030
- 75% of SaaS startups that hit $1M ARR in 2024 were bootstrapped or indie-built
Revenue Milestones: What to Expect
Based on observed patterns from data companies and bootstrapped SaaS broadly:
| Milestone | Typical Timeline (Bootstrapped) | What It Takes |
|---|---|---|
| $0 → $1K MRR | 2–6 months | 3–10 paying customers, manual sales, free samples as proof points |
| $1K → $10K MRR | 6–18 months | Repeatable sales process, cold email + LinkedIn outreach running, one clear ICP |
| $10K → $50K MRR | 12–24 months | Product-led growth loop working, inbound starting to supplement outbound, API customers |
| $50K → $100K MRR ($1.2M ARR) | 18–36 months | Team of 3–5, expansion revenue from existing customers, possibly annual contracts |
Pricing Models for Data Startups
- Credit-based (Clay model): Free tier with ~100 credits/month, paid tiers at 2K–25K credits. Works well for self-serve.
- Subscription tiers: $49/mo (1K records), $149/mo (5K records), $499/mo (25K records). Simple, predictable.
- Pay-per-record: $0.01–0.10 per enriched record depending on data depth. Good for API customers.
- Annual contracts: Offer 20% discount for annual prepay. Improves cash flow dramatically.
- Enterprise/custom: For API customers doing 100K+ lookups/month. Custom pricing, dedicated support.