Curious about TinySeed, MicroConf's accelerator and fund? The TinySeed accelerator team (Tracy Osborn, Rob Walling, and Einar Vollset) recorded this live webinar to answer questions about their third application round.
2:43 - Why is it called TinySeed?
8:52 - What are TinySeed's basic investment terms?
13:55 - Do we invest in non-US countries?
16:03 - Do we invest in B2B companies?
18:34 - Is there a requirement for the application process?
21:43 - What is your policy against repeat investment in the same space?
22:48 - How many months would you estimate the churn rate over for small business?
24:24 - I feel our evaluation now may be above the standard investment terms for TinySeed. Will there be any flexibility in terms?.
25:08 - What industries or companies did you see thriving this year due to COVID?
25:55 - We just started providing annual payments were people can pay in advance for a year — should we advertise those when calculating MRR in our application ?
26:55 - My SaaS isn't launched yet but it's making a $1000 or more in the MRR — am I right for the program?
27:36 - I believe you looking to fund to 20 to 25 companies, which is 2 times more than previous batches. How will you maintain the camaraderie and intimacy the with a bigger batch?
31:46 - We have a B2B SaaS system, we have 15000 active free users and 25 paying customers — 15000 looks better than 25, which one should I use for customers?
32:30 - Is Edu/Research Tech under your domain?
33:05 - Do you have a preferred formula for LTV?
35:04 - Can salary cap be adjusted with inflation overtime, or market changes?
36:16 - Is the investor dividend based on equity?
36:30 - If there are multiple founders, do you require all founders to be full time?
38:00 - What factors do you look at before onboarding a company?
40:25 - Is there an option to buy your shares out?
42:43 - Do you invest in S-Corps?
44:32 - What is the process and timeline after the application has been submitted?
46:19 - How do you approach the application if you had previously had a SaaS?
47:00 - What happens after the accelerator year?
50:18 - When is the next application process and when is the next batch?
51:16 - If you're recently launched, should I apply now (to be on the radar) or later?
52:12 - In your application, you ask the number of team size — is this the number of founders?
55:04 - How do you compute monthly churns, if only yearly churns are counted?
56:07 - Is growth more important than profitability?
57:25 - Apart from investing, what else can we get from TinySeed?
58:28 - How should you represent monthly payments when it consists of one-time payments?
The program and how to apply:
→ https://tinyseed.com/latest/2021-apply
→ https://twitter.com/tinyseedfund