{
  "meta": {
    "generated": "2026-10-20",
    "count": 90,
    "license": "CC BY 4.0 — attribute \"MRR Ledger\" with a link",
    "docs": "https://mrrledger.com/for-agents/",
    "tiers": {
      "venture": {
        "label": "Venture-backed",
        "note": "Has raised outside venture funding (e.g. Y Combinator or VC rounds). Says nothing about revenue size."
      },
      "indie": {
        "label": "Indie",
        "note": "Bootstrapped or founder-funded; no venture round on record. Says nothing about revenue size."
      },
      "experiment": {
        "label": "Experiment",
        "note": "Agent-run or research experiment rather than a conventional company."
      }
    },
    "tier_note": "Tier is about funding, not size: Venture-backed = raised outside venture money (even at under $1M annualized); Indie = bootstrapped or founder-funded; Experiment = agent-run or research project.",
    "source_sync_stale_note": "source_sync_stale_since (YYYY-MM-DD) = the source page says its live data connection (e.g. a TrustMRR Stripe key) stopped; value is the last synced figure, dated that day.",
    "endpoint": "/api/v1/compare.json"
  },
  "a": {
    "slug": "photo-ai",
    "name": "Photo AI",
    "category": "indie-solo",
    "tier": "indie",
    "tier_label": "Indie",
    "tier_note": "Bootstrapped or founder-funded; no venture round on record. Says nothing about revenue size.",
    "one_liner": "Solo-built AI photo studio: train on your face, generate photoreal shoots.",
    "business_model": "Self-serve subscriptions + credits; bootstrapped solo founder",
    "founded": 2023,
    "annualized_revenue_usd": 1260000,
    "annualized_revenue_basis": "monthly revenue × 12 (estimate)",
    "confidence": null,
    "source_sync_stale_since": null,
    "lessons": [
      "Narrow deliverable (usable likeness photos) beats generic AI demos.",
      "Founder-reported revenue is useful but label it — not the same as Stripe-verified MRR."
    ],
    "url_profile": "https://mrrledger.com/b/photo-ai/",
    "growth_series": [
      {
        "as_of": "2023-07",
        "annualized_usd": 741696,
        "label": "Revenue",
        "value_usd": 741696,
        "value_text": "$61,808/mo with ~1,872 customers (earlier founder snapshot)",
        "source_url": "https://levels.io/photoai-14000-lines-raw-php-revenue",
        "source_name": "levels.io (3 Jul 2023 post)",
        "confidence": null,
        "annualization": "monthly_x12",
        "source_sync_stale_since": null
      },
      {
        "as_of": "2026-03",
        "annualized_usd": 1260000,
        "label": "Revenue",
        "value_usd": 1260000,
        "value_text": "$105,000/mo revenue and $80,000/mo profit (founder-reported on levels.io; not Stripe-audited)",
        "source_url": "https://levels.io/photoai-40870-line-index-php-105k-mo-revenue",
        "source_name": "levels.io (Pieter Levels, 6 Mar 2026 post)",
        "confidence": null,
        "annualization": "monthly_x12",
        "source_sync_stale_since": null
      },
      {
        "as_of": "2026-10-19",
        "annualized_usd": 1032000,
        "label": "Revenue",
        "value_usd": 1032000,
        "value_text": "$86K/mo (founder's X bio, read 2026-10-19 via X API: \"PhotoAI.com $86K/m\"; self-reported, not Stripe-audited)",
        "source_url": "https://x.com/levelsio",
        "source_name": "Pieter Levels (@levelsio) X profile bio",
        "confidence": "self-reported",
        "annualization": "monthly_x12",
        "source_sync_stale_since": null
      }
    ],
    "verified_corroboration": null
  },
  "b": {
    "slug": "pre-dev",
    "name": "pre.dev",
    "category": "indie-solo",
    "tier": "indie",
    "tier_label": "Indie",
    "tier_note": "Bootstrapped or founder-funded; no venture round on record. Says nothing about revenue size.",
    "one_liner": "Fully agentic engineer that plans, codes, verifies, and ships projects.",
    "business_model": "SaaS for founders and agencies (spun out of consulting)",
    "founded": null,
    "annualized_revenue_usd": 500000,
    "annualized_revenue_basis": "ARR",
    "confidence": null,
    "source_sync_stale_since": null,
    "lessons": [
      "Agency-funded R&D creates a real-world planning dataset vibe tools lack.",
      "Specs-as-compiler-pass beats prompt-to-code for production work."
    ],
    "url_profile": "https://mrrledger.com/b/pre-dev/",
    "growth_series": [],
    "verified_corroboration": null
  },
  "diff": {
    "annualized_a": 1260000,
    "annualized_b": 500000,
    "ratio": 2.52,
    "same_category": true,
    "same_tier": true,
    "same_slug": false
  }
}