In a market dominated by VC-backed behemoths like Workday and Greenhouse, ApplicantStack is the anomaly you can't ignore. With just 10 employees and zero disclosed funding, they are pulling in nearly half a million monthly visitors. This isn't just a bootstrapped success story; it's a masterclass in niche dominance.

"ApplicantStack proves you don't need a massive team or Series B funding to own a vertical—you just need to solve a specific pain better than anyone else."

The tech stack is pragmatic rather than trendy. They lean on jQuery and Bootstrap—technologies often dismissed by modern developers but battle-tested for reliability and speed. This isn't a team chasing the latest React framework; they are building a utility that works, loads fast, and serves a non-technical user base that values stability over flashy animations.

• The 'Direct Traffic' Moat: 49% direct traffic suggests a loyal, returning user base that doesn't need to be re-acquired.
• Vertical Depth: They aren't just 'ATS'; they are the ATS for government and education sectors.
• Capital Efficiency: Generating ~$900k revenue with 10 people implies ~$90k revenue per employee—a benchmark for efficient, sustainable growth.