$500 USD minimum; basically just enough to prove that you have some initial set of customers and are looking to scale. Essentially our programming/education assumes some amount of initial product-market fit.
You might be interested in TinySeed's Syndicate offering — we started this for companies who are beyond the needs of the accelerator but would benefit from raising money (for instance, to deploy on new initiatives, or to take money off the table as a founder, or to buy another business, etc.): https://tinyseed.com/syndicate-founders
Tracy here from TinySeed, thanks for linking to our thesis!
Point of clarification: we don't do profit-sharing. Instead, we are equity owners. So when a company gets to the point of success where they want to take money off the table, they can issue dividends (and TinySeed get's a pro-rata amount of those dividends). I find this is one of our most unique points and aligns the incentives of the founder with TinySeed.
As mentioned in that page, by investing broadly into B2B SaaS, we can succeed as a venture firm without needing to count on unicorn exits. We're about to back our 80th company, and our founders tend to be older, more likely to have families, and tend to be "unsexy" businesses. We're only a few years old, but we've had very promising results (as a VC firm) so far.
Program Director at TinySeed here — we're right at the tail-end of fundraising for our second fund, check out our investment thesis here: https://tinyseed.com/thesis
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 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
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.
Really valuable insights; really shows how different independent SaaS is. For instance, 56% of founders are solo in indie SaaS, whereas a lot of traditional VC accelerators prefer (or require) at least two founders on a team.
Really valuable insights — really shows how different independent SaaS is. For instance, 56% solo founders in indie SaaS when a lot of traditional VC accelerators prefer (or require) at least two.