For owners of closed companies
When a company shuts down, the records usually go into storage and get forgotten: years of emails, workflows, job histories, and the decisions behind them. AI companies license exactly that, de-identified, from closed companies that had 25 or more people at their peak. Nothing to restart. Nothing to operate. The records are the asset, and they're already sitting there.
15 minutes. Three questions. No pitch. You'll know by the end whether your company's records qualify, and roughly what they're worth.
One thing worth knowing: a company's records can be licensed for the first time only once. Whoever registers the company first holds that door.
Why this exists
Fair question. The company is done, the team moved on, and the records are in boxes or on an old server. Here's why buyers in this market look for exactly that.
The shortage
AI models have already trained on essentially everything public. What they still can't learn from the internet is how real work got done inside real companies: the emails, the workflows, the judgment calls. That record only exists inside companies, including ones that no longer operate.
What they buy
An operating company's records are still changing. A closed company's records are a finished archive: the full arc of how the work was done, preserved as it was. Buyers in this lane look for complete operational histories, de-identified before anything is used.
The fit
The usual objections don't exist here. No staff time, no live systems, no customers to consider, no operations to slow down. The records aren't being used for anything else. For most former owners, this is found money on an asset they assumed was worth zero.
Control
What buyers want is the operational record: how the work got done. Names, contact details, and every other identifying field are stripped or replaced before any record is used, and anything sensitive by nature is excluded outright. Nobody is asking for passwords or logins, and you should never give those to anyone in this process, including us. Control stays with you at every step:
The catch, up front
We'd rather show you the requirements now than waste your time on a call. Buyers in this lane are looking for a deep enough body of real operational work to be worth licensing:
Your company qualifies if
What moves the number up
Smaller than 25 people at peak? Fits in this lane are rarer, and we'll tell you that straight. The assessment is still free, and a smaller archive can still matter in the operating-company lane if the records are deep. Book it anyway and we'll give you an honest read.
Your estimate
No email, no form. Slide to your company's peak size and the depth of records it holds. Closed-company packages are priced by a review of the records themselves, not by a formula, so what you see here's the published market range for company size, shown as context, with an honest read on where a company like yours tends to land in it.
Published market range for companies of 25–100 people
Deeper archives like yours tend to sit toward the top of the band.
That's the published range for a company of your peak size, not a quote. The program sets the real figure after a review of the records themselves. Treat it as a range of outcomes, not a promise.
Published ranges by company size: 25–100 people, $100K–$500K · 100–500 people, $450K–$1.2M · 500–2,000 people, $1M–$1.8M · 2,000+ people, $1.8M–$2M+. Deeper history moves a company toward the top of its band.
Published outcomes
The figures below were published by licensing programs and companies in this market. These companies aren't our clients, and no figure here's a promise of what a program would offer your company. Your number is confirmed only after a records review. We show them because a market you can verify beats a pitch you have to trust. Note the first one: the largest outcome in this market belongs to a company that no longer operates.
Reported market event
Google bid $10 million for a bankrupt airline's de-identified operational data. The sale awaits court approval, with a hearing set for November 6, 2026. A closed company's records, valued on their own.
Read the full story
Reported placement
A freight company placement has been reported at $1.6M in this market, the largest sector outcome published so far.
Read the full story
Published placement
A 100-person logistics company licensed its operational records for $650,000 in a published market outcome.
Read the full story
Published placement
A 60-person accounting firm licensed its operational records for $350,000 in a deal published by a licensing program active in this market.
Read the full story
| Company size at peak (people) | Published range of licensing payments |
|---|---|
| 25–100 | $100K – $500K |
| 100–500 | $450K – $1.2M |
| 500–2,000 | $1M – $1.8M |
| 2,000+ | $1.8M – $2M+ |
Ranges published by other firms in this market, shown as indicative context only. A program's offer for your records may be higher, lower, or none at all. Treat every figure on this page as a range of outcomes, not a promise.
How it works
We size up the company on a short call: peak headcount, years of records, and where the records live now, from old email archives to system backups. If your company doesn't qualify, you'll hear it straight, on that call.
With your permission, we introduce the company to the program. You receive an indicative range and a 14-day non-binding letter of intent that holds it while the program reviews.
The records are reviewed and de-identified under your approved scope. You approve the cleaned sample before anything is used.
You sign the license directly with the program and payment follows its acceptance, typically about 60 days from the first call.
What it costs you
There's no fee to explore this, no cost for the assessment call, and no charge if your company doesn't qualify or no deal closes. If your company's records are licensed, we may receive a referral fee from the licensing program, paid by the program, on top of your company's payment, never out of it, and that's disclosed to you before you sign anything. Your payout is your payout.
Break Bread Lending has funded and advised businesses since 2022. This page exists because former owners kept asking what happens to the records when a company closes. Until recently, the honest answer was nothing. Now there's a market for them, and our job is the introduction and the honest sizing. The program does the rest, and you stay in control throughout.
— Ryan Shamim, Founder & CEO, Break Bread Lending
Break Bread Lending, in business since 2022 · Ryan Shamim, mentor and judge, Beta Blox
Straight answers
What matters is that the records still exist and can be reviewed. There's no freshness requirement working against you here: older archives are complete archives, and depth of history is one of the things that moves a company toward the top of its band. If the records survive, the conversation is worth having.
The operational record of how the company worked: email archives, workflows, job and project histories, operational system exports, and the decisions recorded inside them. Not your customer list as a list, and not your financials. The value is in the working record, and in how your team solved problems day to day.
The license is signed by whoever holds authority over the company's records, which is usually the former owner. If authority over the records is shared or unclear, for example with former partners or an estate, that gets sorted out before anything is signed. We'll flag it on the first call rather than let you discover it later.
No. Identifying details, including names, contact information, and account numbers, are stripped or replaced before any record is used, and anything sensitive by nature is excluded outright. You approve the scope and the cleaned sample before anything is used.
No. The review starts from what you can access: email archives, exports, backups, stored files. On the first call we map what exists and where it lives, and the program's review works from there. You're never asked for passwords or logins.
This lane starts at 25 or more people at peak. Below that, fits are rarer, though a deep archive can still matter. Peak size sets the published range; depth and completeness of the records set where in the range a company lands.
Typically about 60 days from the first call to payment, and it costs you nothing at any step. If a deal closes, the program may pay us a fee on top of your payment, never out of it, and that's disclosed to you before you sign anything.
Keep looking
Still operating?
If your company is still running, its records may be worth six figures while it operates. Same process, built for operating businesses.
See the operating-company lane
Free tool
Pick your industry, set Company status to Closed, and see the indicative picture for a company like yours in about ten seconds.
Run the estimator
The receipts
Every published outcome we cite, in one place, with the numbers attached and the sources named.
Read the payout report
Fifteen minutes, no cost, no obligation, and an honest answer either way. As the AI companies fill the gaps they need, this window changes. First-come matters here. A company's records can only be licensed for the first time once.
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