TinySeed raises $25M to back more bootstrapped startups(axios.com)
axios.com
TinySeed raises $25M to back more bootstrapped startups
https://www.axios.com/tinyseed-software-startup-venture-capital-ab4017d7-07de-406b-8ad8-fb82fa51a697.html
15 comments
We're a Batch 1 company and I can attest to the quality of the program. The cash is nice, but the real value is in the community and extensive mentorship network! Stoked to see TinySeed becoming a compelling investment vehicle.
Program Director here — we're over the moon about the raise and excited about backing 100+ startups over the next three years. Happy to answer any questions folks have about the program.
Can I invest in Tinyseed a tiny amount <100k? Which ends up going to fund startups?
I have one Bitcoin and I’d rather invest it in startups creating value for the world.
I have one Bitcoin and I’d rather invest it in startups creating value for the world.
I wish, but unfortunately we’re constrained by a limit of 99 investors in a fund - see this post we wrote: https://tinyseed.com/latest/99-investor-problem
We may have limited spots at $150k left (our minimum is normally $250k) - if you’re still interested, fill out the form at https://tinyseed.com/invest
We may have limited spots at $150k left (our minimum is normally $250k) - if you’re still interested, fill out the form at https://tinyseed.com/invest
Sounds nice! What level of funding you typically provide and what kind of business do you seek out?
We invest $120k + $60k per founder and work with SaaS specifically (with most investments in B2B SaaS). A narrow focus means we’re able to tailor our mentor roster and program and provide more actionable and relevant advice. More info: https://tinyseed.com/faq
Will TinySeed fund companies that compete directly with each other in different batches?
Probably, but we’d need to talk with the founders first. Hard to say without knowing the business/field, but we definitely anticipate competitors across batches as we’re growing quickly.
We joined TinySeed last year as part of batch 2 and it was easily the best decision we've made regarding the business.
The money, advice, community and mentorship we got those last 10 months were definitely worth it.
The money, advice, community and mentorship we got those last 10 months were definitely worth it.
Can you give a rough outline of how mature you were when you joined, and what the terms were?
Hey,
When we applied we were at around $1k4 MRR, when we joined, $3k MRR.
Terms we had were close to what is published on their website.
10-15% equity for ~$150k.
Here's a little thread I made that goes into the details: https://twitter.com/PierreDeWulf/status/1346890035493265411
When we applied we were at around $1k4 MRR, when we joined, $3k MRR.
Terms we had were close to what is published on their website.
10-15% equity for ~$150k.
Here's a little thread I made that goes into the details: https://twitter.com/PierreDeWulf/status/1346890035493265411
Great job. I have been following TinySeed for a while and I am really glad to read up on their investment thesis and terms. Hopefully, once my project gets sustainable revenue, I’ll definitely apply and love to be a part of the group.
A bit funny that if they back a startup the startup isn't bootstrapped anymore.
Indie.vc shutting down is news to me. Did their model not work out?
Is it me, or is the article not linking to the tinyseed home page?