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.
Fall 2023 applications are open until from September 4th to September 17th, 2023. For more information about the program and application process, check out https://tinyseed.com/program
Reach out to the team via Twitter/X @Tinyseedfund, or email to hello@tinyseed.com.
Questions Answered:
11:55 – Provided that a product does not have MRR yet, what other metrics would you be looking for in order to consider a startup eligible?
15:57 – ?Can we participate without revenue and without giving equity?
16:45 – What should we enter in the revenue section if we have our first customers, but revenue is not realized yet?
18:45 – We have just launched our MVP, and are generating revenue so far with a very predictable rate. ?Is that too early?
18:35 – ?Do you require board seats or just the 10-12% equity?
19:15 – Our product is ready, and a marketing site is in development but won’t be ready by time applications close. Can we apply pre-revenue if able to showcase our product?
19:57 – If a startup is in Africa do you help them incorporate in the States?
21:17 – Are there options available to travel and scale in the States while still in the program?
22:43 – How much does Tinyseed invest in each startup and is it disbursed in traunches?
23:15 – What changes have you made to the program based on learnings in the previous batch?
25:10 – I have solid IT experience, but don’t have any product yet, can I join your program?
25:50 – Is the $120-220k for 10-12% strict regardless of traction?
28:25 – How do you compare to other bigger accelerators, especially in terms of benefits for solo tech founders?
30:11 – How many applications do you expect based on your past programs?
30:55 – What if our MRR is spread between multiple SaaS/Apps from one entity?
33:02 – I’m building a SASS application and planning to migrate to the UK or the USA in the next couple of years. Any possibility of joining?
35:44 – How important is the willingness to move the company to the US, UK, France, or Ireland in your decision process?
38:45 – Are there other countries that are known to be difficult?
39:45 – At what size (MRR / growth) would you say a company is too big to get the best benefit from this program?
41:05 – What do you anticipate the remote/on-site split will look like for TinySeed sessions?
42:35 – Who from the founding team is actually on the TinySeed program? The masterminds, meetups, etc. Is it just the CEO, or the whole founding team?
46:36 – You mentioned “kickoff retreat” – is there a periodic in-person component to the TinySeed program or is that just MicroConf?
48:30 – How does a new founder stand above former founders in an application?
49:20 – What is the biggest strength your program has to offer within the mentorship/expertise part? Is it advice in strategy? Marketing? Sales? Customer Success? Development?
51:50 – Is there a disadvantage to being a solo founder vs. a team?
52:15 – Do you accept companies that are incorporated in the EU?
52:40 – Our current revenue is more than $500/month with a one-time payment product, and growing. Our customers are asking for other services which will place us into recurring revenue. Are we suitable for the program?
54:30 – I’m from the Philippines but my business is a Delaware LLC. Where should I apply? Are there different requirements per region?
56:00 – I don’t need funding but I’d like to be part of the community, in an accountability group, and I also need help finding the right programmer. Is this program a fit for me?
56:30 – Do you think online education (B2C) is still viable? If yes, is this a field that you invest in?
57:00 – Do you accept founders from Ukraine if one can’t leave the country yet?
57:15 – Could you give me an idea on the impact on traction/growth of companies that go through your program? Can you compare them to some benchmark?
57:59 – What are your thoughts on the state of the US/Global economy and its impact on SaaS startups & capital allocation?
59:15 – ?Which African countries do you have a presence in?