Startups & Tech
Ledger
SaaS for solo bookkeepers — plan, prototype, no team yet.
Pilot users
18
Would-pay
83%
Prototype
Live
TAM (US)
~200K
Ownership breakdown
Minority stake · Economic participationImplied valuation math
Paying $12,000 for 33% values the whole business at $36,364. That is roughly $364 per percentage point of ownership.
What this stake conveys
Under one third you participate economically and receive information rights, but the founder retains operating control. Governance terms are set in the option agreement.
Verified before listing
The founder attested to owning at least 33% and uploaded ownership evidence (cap table, operating agreement, or equivalent). Timber reviews entity standing and authority to sell before a listing goes live. Minority stake; founder retains product direction.
Retained-ownership impact
Founder retains 67% after this deal — founder keeps control
Voting
Founder controls ordinary votes and board composition; buyer votes as a minority holder.
Information
Buyer receives quarterly financials, cap table updates, and annual tax documents.
Consent
Buyer consent typically limited to protective items: new share classes, dilution below a floor, sale of the company.
Voting
Even split — no side carries a vote alone. A tiebreak seat, casting vote, or mediator is written into the operating agreement.
Information
Full mutual access to books, records, and management reporting.
Consent
Effectively every material decision is a joint consent item, including budget, hiring of officers, and debt.
Voting
Buyer controls ordinary votes; founder can block supermajority actions.
Information
Founder keeps statutory inspection rights and ongoing reporting.
Consent
Founder consent required for charter amendments, recapitalization, and sale of the company.
Voting
Buyer controls the board and ordinary decisions; founder votes but cannot block.
Information
Annual financials plus notice of material events; inspection rights on request.
Consent
Consent narrowed to anti-dilution, transfer restrictions, and tag-along on a future sale.
Voting
Nominal voting weight; typically paired with a continued-involvement or advisory agreement.
Information
Annual reporting and K-1 or distribution statements only.
Consent
Drag-along applies — founder is carried along on a buyer-led sale.
Voting
Buyer holds 100% of votes. No minority holders to notify or convene.
Information
No ongoing reporting obligations to the seller after closing.
Consent
No consent rights survive closing beyond the purchase agreement's reps, warranties, and indemnity period.
Tiers describe standard market expectations. Exact voting, information, and consent rights are negotiated inside the option window and fixed in the definitive purchase agreement.
Marketplace comparables
Startups & Tech · 7 reference pointsThis listing implies $36,364 for the whole business — about 91% below the category median of $385,000.
Recent settled deals
| Deal | Stake | Price | Implied value | Closed |
|---|---|---|---|---|
Fieldnote (scheduling SaaS) $9K MRR at close | 100% | $385,000 | $385,000 | Apr 2026 |
Parseline API Blocking minority, founder-led | 33% | $148,000 | $448,485 | Feb 2026 |
Latch Analytics Packaged with a technical GM | 70% | $262,000 | $374,286 | Dec 2025 |
Live listings in this category
SignalLoop
20% offered · Startup Blueprint · Remote / Delaware
Ledger Credit Union · Relist
33% offered · Investor Ready · Denver, CO
Quill — Grant Writing OS
100% offered · Startup Blueprint · Nashville, TN
Sparrow Labs — Clinic Intake AI
15% offered · Startup Blueprint · Austin, TX
Comparables normalize every deal to a 100% basis (price ÷ stake) so partial stakes and full sales can be read on the same scale. Benchmarks are directional — diligence during the option window sets the real number.
Staged disclosure · your current access
Preview any stage by clicking. Reach a stage by actually signing / paying / packaging.
The dossier
Everything attached to this deal.
Attachments travel with the listing, not the person. If a buyer walks, the deal stays exactly as strong as it was.
Talent & people
- Technical co-founder shortlist, one LOI signed pending option
Capital & investor interest
- Soft-circled interest from two operator-angels ($150K)
Financial verification
- Unit-economics model, 3-year pro forma
Market & customer proof
- 18-user pilot cohort, 83% would-pay at $79/mo
- Competitive-landscape analysis
Legal & IP
- Ownership + IP attestation signed at upload
Brand & presence
- Wordmark, marketing site, waitlist page live
Deal Log · permanent record
Every action, timestamped and travels with the deal.
Provenance certificate
0x30554c30af3c9
4/2/2026
Soft-circled capital
Jun 11, 2026, 10:22 AM
Two operator-angels indicating $150K total.
actor · Undisclosed packager · provenance 0x-130b95f1af3c9
Option locked · 6 months
May 14, 2026, 2:00 PM
$1,200 into escrow. Packager working on operator + capital attachments.
actor · Undisclosed packager · provenance 0x04fb70aaaf3c9
Pilot cohort attached
Apr 20, 2026, 9:44 AM
18 bookkeepers, month-end close.
actor · Priya Ramanathan · provenance 0x-3cc308baaf3c9
Prototype attached
Apr 4, 2026, 3:00 PM
Working Retool + Postgres MVP.
actor · Priya Ramanathan · provenance 0x30015da7af3c9
Listing created
Apr 2, 2026, 12:11 PM
Provenance certificate issued.
actor · Priya Ramanathan · provenance 0x-593ea14faf3c9