Scaled through two distinct use cases: direct users and embedded API integrations
Insight from Ruben Gamez
When to use
When your product has natural appeal both as a standalone tool for end users and as infrastructure that other products can embed via API, allowing you to capture two distinct market segments simultaneously.
Don't do this
Focusing exclusively on direct users while ignoring that your core functionality could serve as embedded infrastructure for other businesses, missing a significant revenue stream with lower acquisition costs.
3 Founders Who Did This
Launched embedded payroll API enabling vertical SaaS platforms to integrate Gusto payroll. 27 embedded partners by mid-2023 with ~1/3 revenue share model
Built two distinct growth channels: direct self-serve SaaS users and embedded API integrations for developers building e-signature into their own products
Scaled through two distinct use cases: direct terminal users (350K+ registered) and embedded API integrations serving fintech platforms and institutions.