TinySeed raises $25M to back more bootstrapped startups (opens in new tab)

(axios.com)

63 pointseinarvollset5y ago15 comments

15 comments

13 comments · 7 top-level

limedaring5y ago· 4 in thread

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.

nojvek5y ago

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.

limedaring5y ago

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

jb19915y ago

Sounds nice! What level of funding you typically provide and what kind of business do you seek out?

limedaring5y ago

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

1 more reply

daolf5y ago· 2 in thread

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.

nmfisher5y ago

Can you give a rough outline of how mature you were when you joined, and what the terms were?

daolf5y ago

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

derrickreimer5y ago

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.

gmanis5y ago

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.

atom_arranger5y ago

A bit funny that if they back a startup the startup isn't bootstrapped anymore.

ganeshkrishnan5y ago

Indie.vc shutting down is news to me. Did their model not work out?

Cilvic5y ago

Is it me, or is the article not linking to the tinyseed home page?

j / k navigate · click thread line to collapse

15 comments

13 comments · 7 top-level

limedaring5y ago· 4 in thread

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.

nojvek5y ago

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.

limedaring5y ago

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

jb19915y ago

Sounds nice! What level of funding you typically provide and what kind of business do you seek out?

limedaring5y ago

1 more reply

daolf5y ago· 2 in thread

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.

nmfisher5y ago

Can you give a rough outline of how mature you were when you joined, and what the terms were?

daolf5y ago

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

derrickreimer5y ago

gmanis5y ago

atom_arranger5y ago

A bit funny that if they back a startup the startup isn't bootstrapped anymore.

ganeshkrishnan5y ago

Indie.vc shutting down is news to me. Did their model not work out?

Cilvic5y ago

Is it me, or is the article not linking to the tinyseed home page?

j / k navigate · click thread line to collapse