TinySeed is a year-long, remote accelerator designed for early-stage SaaS founders. Our program is designed to help founders with a revenue-generating SaaS optimize product-market fit and grow faster.
In this livestream, the TinySeed team (Rob Walling, Tracy Osborn, and Alex McQuade) answers questions from the audience about the application process.
Spring 2023 applications are open until from February 6th to February 19th, 2023.
For more information about the program and application process, check out https://tinyseed.com/program
Questions Answered:
7:15 – How do we answer the ARPU,ACLV, how many customers do you have, if we have a business that is transitioning to a SaaS module but have prior revenue.
8:50 – How many people apply and how many get in?
9:55 -Do you fund companies that are direct competitors of a portfolio company?
12:30 – Is there a sweet spot for current MRR and YOY MRR Growth?
14:40 – ?Have you funded companies that are still in the product dev. stage (pre-revenue)?
15:30 – For pre-revenue companies, how should we address “revenue churn” and “customer churn”?
15:50 – Is b2b2c accepted?
16:15 – ?Is $220k the max funding?
23:20 – Our company operates fiscally in the US (Wyoming LLC), we work physically in Europe (Italy) and we have applied for TinySeed Americas. Is that a problem?
25:50 ?- Do you expect successful applicants to focus all their professional resources on the business? In other words, can candidates still have day jobs?
27:25 – What is process once you have shortlisted the most suitable applications?
28:20 – How many AWS credits does the AWS partnership provide?
28:55 – I’m doing Ai automation for ecommerce operations, are you guys still investing in the ecommerce space?
29:20 – Do you back solo founders who are building part-time?
30:30 – ?If a business was built on using a current White Label SaaS platform, would that be considered too much platform risk to apply?
31:20 – What’s the difference between TinySeed and a traditional VC firm?
35:20 – What does the access to mentors look like? Do we do calls, direct communication, emails? How much are the mentors involved?
39:50 – ?If we are accepted to the accelerator and are successful, are we eligible to come back and raise through the syndicate in the future?
40:00 – ?Would you accept an application for a B2B Saas where the business & customers are outside of US?
And more…