TinySeed

also referred to as: tiny seed

includes TinySeed Fund 2, TinySeed EMEA Program

293 statements across 141 episodes · 95 bullish · 48 bearish · 16 people on the record · first statement Mar 10, 2020 by Tracy Osborn · said 1,351 times in 205 episodes since 2020 · across every show →

Mentions by year, the whole family

brought up most by Rob Walling (1147), Tracy Osborn (66), Harris Kenny (14), Einar Vollset (14), Derrick Reimer (12), Tony Chan (11), Courtland Allen (9), Matt Wensing (7)

tap a year for its mentions
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2026 5 mentions in 2 episodes 3 per episode
2025 265 mentions in 27 episodes 10 per episode
2024 306 mentions in 51 episodes 6 per episode
2023 209 mentions in 39 episodes 5 per episode
2022 53 mentions in 10 episodes 5 per episode
2021 302 mentions in 37 episodes 8 per episode
2020 211 mentions in 39 episodes 5 per episode

every mention, scene by scene, with the transcript →

Everything said about TinySeed, oldest first

Mar 10, 2020 bullish
Disclosure
Osborn: TinySeed Bets on Proliferating B2B SaaS Micro-Applications
“This is kind of Tiny Seeds thesis, right? We're betting on these business-to-business SaaS apps. We love to see people building things for other businesses to use, and it's definitely, that's, we're part of this trend that's happening right now, wherever, ther…”
Tracy Osborn Mar 10, 2020 ▶ 28:07 Episode 487 | Startup Roundtable Discussing Hey.com, Leadpages’ Acquisition, and More Hot Topics
Apr 21, 2020 bearish
Assertion Not checkable as stated
Volset: Some TinySeed startups saw 95% revenue drops overnight from COVID
“There's been a small handful that gone from doing great to 95% drop in revenue pretty much overnight.”
Einar Vollset Apr 21, 2020 ▶ 8:37 Episode 493 | Startup Roundtable
Apr 28, 2020 neutral
Assertion Not checkable as stated
Walling: Early 2020 SaaS portfolios saw 20% tank, 20% boom, 60% plateau
“So I have insight into, like, direct financials of, it depends on how you count it, but it's about 35, 36 companies across TinySeed batches and angel investments I made before TinySeed. And what kind of the loose pattern I'm seeing is there's about 20% of thes…”
Rob Walling Apr 28, 2020 ▶ 7:27 Episode 494 | A Bluetick Update From Mike Taber
Jun 4, 2020 positive
Insight
Walling: Early personal liquidity enables founders to take bigger long-term risks
“Having a small win early on and getting to some money that is in your bank account where you can then take bigger risks. Like I'm now in the position where I can just take bigger risks and I can grow a tiny seed, which is not going to really pay me much of any…”
Rob Walling Jun 4, 2020 ▶ 21:38 Episode 499 | The (First) Six Stages of SaaS Growth - Part 2
Jun 9, 2020 positive
Disclosure
Suhm: TinySeed backed WP Pusher after Walling passed in 2015
“Five years ago in 2015, I pitched him on investing in WP pusher when I hit one K. And the funny thing is I got a very nice reply back that said, Congrats on the progress. Hit me up when you reached 10 K, but today Rob is kind of actually an investor in WP push…”
Peter Suhm Jun 9, 2020 ▶ 30:19 Episode 500
Jun 23, 2020
Disclosure
Walling: TinySeed increased funding amounts for additional co-founders in Batch 2
“I think the terms were virtually identical, except for that we, for additional co-founders, we upped the amount, we increased the amount that we give.”
Rob Walling Jun 23, 2020 ▶ 23:22 Episode 502 | Accelerating Growth and a Failed Product Hunt Launch
Jun 23, 2020
Disclosure
Walling: Most TinySeed founders entered accelerator already working full-time
“Even in the first batch, and especially in the second batch, most of the founders were already doing it full-time.”
Rob Walling Jun 23, 2020 ▶ 7:30 Episode 502 | Accelerating Growth and a Failed Product Hunt Launch
Jul 7, 2020
Disclosure
Tracy Osborne notes TinySeed is actively fundraising for its next fund
“So Tiny Seed, we have people who want to be funded by us, but also, you know, we're fundraising for our next fund.”
Tracy Osborn Jul 7, 2020 ▶ 24:54 Episode 504 | 15 Tools We Use to Run Our Business
Jul 7, 2020 neutral
Assertion Not checkable as stated
TinySeed processed 900 initial fund applications using Squarespace, Zapier, and Sheets
“Because our first round of applications was an embedded Squarespace form that went into a Google spreadsheet that pretty soon had 900 rows in it with 30 columns, and then we had to hook into Zapier to send a confirmation.”
Rob Walling Jul 7, 2020 ▶ 39:47 Episode 504 | 15 Tools We Use to Run Our Business
Jul 7, 2020 negative
Opinion
Rob Walling critiques LastPass usability but notes high switching costs
“Usability is getting better, but it's not great. And then it does have some weird edge case bugs. And since you're not paying that much for it, the support's not great. Like I do have, of all the tools we mentioned so far, LastPass is the one that I'm kind of …”
Rob Walling Jul 7, 2020 ▶ 19:47 Episode 504 | 15 Tools We Use to Run Our Business
Jul 21, 2020
Disclosure
Rob Walling: TinySeed has funded 23 companies and is raising Fund II
“And today we have funded 23 companies with our first fund, and now we are raising that second fund.”
Rob Walling Jul 21, 2020 ▶ 1:12 Episode 506 | Shutting Down and Starting Up with Derrick Reimer
Sep 1, 2020 positive
Insight
Reaching $5M to $20M ARR generates life-changing returns in SaaS
“And for us, wildly successful is maybe five or maybe it's twenty million in ARR, but that can change the founder's life and it can provide an amazing return for an investor.”
Rob Walling Sep 1, 2020 ▶ 12:33 Episode 512 | The Power of Options
Sep 1, 2020 negative
Insight
Traditional venture funding restricts founder optionality around dividends and LLCs
“I was writing angel checks to startup founders who didn't want to take venture funding because it put them on a path and it reduced the options they had. They could no longer pull out dividends. They couldn't have an LLC. You know, there were just certain thin…”
Rob Walling Sep 1, 2020 ▶ 12:14 Episode 512 | The Power of Options
Sep 8, 2020 positive
Disclosure
TinySeed founder sold for 10x revenue despite being under $100K ARR
“I'll keep some folks anonymous up for obvious reasons, but through stuff we've worked on, you know, with tiny seed, I know of a founder who got an offer and accepted it for, it was 10 X revenue and his revenue was approaching six figures ARR. He was still in f…”
Rob Walling Sep 8, 2020 ▶ 13:31 Episode 513 | SaaS Valuations + Dos and Don'ts When Selling A SaaS
Sep 10, 2020 positive
Assertion Not checkable as stated
Gather generates $5,600 in MRR with 8% monthly growth
“To give you some context, their current monthly recurring revenue, or MRR, is 5600 dollars, and they're growing at around eight percent per month right now.”
Rob Walling Sep 10, 2020 ▶ 6:11 TinySeed Tales Season 2 | Episode 1: Introducing Gather
Sep 10, 2020 neutral
Assertion Supported
Gather Raised $140,000 in Funding from TinySeed
“Because you guys have now, you know, taken 140,000 dollars. In funding, in essence, from Tiny Seed”
Rob Walling Sep 10, 2020 ▶ 13:31 TinySeed Tales Season 2 | Episode 1: Introducing Gather
Sep 10, 2020 neutral
Assertion Not checkable as stated
Founder Drops TinySeed Offer for Traditional Venture Capital
“We had someone apply to tiny seed and we made them an offer and they verbally accepted and it took us a couple of weeks to get paperwork together. And in the meantime, they decided to take venture capital.”
Rob Walling Sep 10, 2020 ▶ 9:36 TinySeed Tales Season 2 | Episode 1: Introducing Gather
Sep 22, 2020
Disclosure
Walling: TinySeed funds and hires without ever meeting founders in person
“We fund companies without ever meeting the founders in person. We hire employees and stuff without ever meeting in person.”
Rob Walling Sep 22, 2020 ▶ 34:33 Episode 515 | Finding a Co-Founder, Getting Better at Sales, and More Listener Questions
Sep 22, 2020
Insight
Walling: B2B SaaS founders should approach sales calls like unpaid expert consultants
“If you're selling B to B SaaS, especially to more higher priced customers, which if you're having one on one conversations that you should be charging enough to make that worth your while, think of yourself as a high priced consultant who isn't charging any mo…”
Rob Walling Sep 22, 2020 ▶ 19:27 Episode 515 | Finding a Co-Founder, Getting Better at Sales, and More Listener Questions
Sep 29, 2020 positive
Disclosure
Walling: TinySeed is raising Fund Two to fund independent SaaS startups
“We're in the process of raising Fund Two so that we can continue to help and support and mentor and guide and fund hundreds and hundreds more independent SaaS companies.”
Rob Walling Sep 29, 2020 ▶ 3:47 Episode 516 | When to Re-write Your SaaS Codebase
Sep 29, 2020 neutral
Assertion Supported
Walling: Dharmesh Shah, Rand Fishkin, and Patrick McKenzie are TinySeed LPs
“If you decide to invest, you'll be joining folks like Dharmesh Shah, co-founder of HubSpot, Rand Fishkin, Founder of SparkToro, Steli Efti, co-founder of Close.com, and Patrick McKenzie, who many of you know as PatioEleven on the internet.”
Rob Walling Sep 29, 2020 ▶ 4:07 Episode 516 | When to Re-write Your SaaS Codebase
Sep 29, 2020 bullish
Opinion
Walling: Early-stage independent B2B SaaS yields amazing investor returns
“We believe investing broadly into the earliest stages of B to B SaaS companies, and specifically it's the B to B SaaS companies who are not necessarily reliant on traditional venture capital, right? It's the startups for the rest of us, the micro-conf type com…”
Rob Walling Sep 29, 2020 ▶ 1:59 Episode 516 | When to Re-write Your SaaS Codebase
Sep 29, 2020
Disclosure
Walling: Five of his 35 portfolio startups requested full codebase rewrites
“I'm 35 angel invest, you know, angel and tiny seed investments in, and I've had at least, I'll say four, four or five of the startups that I kind of advise or interact with say, I want to rewrite, we need to rewrite our code base.”
Rob Walling Sep 29, 2020 ▶ 18:46 Episode 516 | When to Re-write Your SaaS Codebase
Oct 22, 2020 neutral
Assertion Not checkable as stated
TinySeed early COVID portfolio: 15% struggled, 70% plateaued, 15% accelerated
“When I look across the portfolio of companies that are part of Tiny Seed's first two batches, or that I've invested in personally, it looks like they're about 15% that are having real struggles with the impact of the pandemic on the industry they serve. Anothe…”
Rob Walling Oct 22, 2020 ▶ 9:21 TinySeed Tales Season 2 | Episode 7: A Global Pandemic
Nov 3, 2020 bullish
Disclosure
Walling: 35 TinySeed and personal portfolio companies show no growth slowdown
“Between TinySeed and my independent stuff, I have 35 investments, and I'm not hearing that they're slowing down. I'm not seeing plateaus across the board, or slowing across the board.”
Rob Walling Nov 3, 2020 ▶ 9:02 Episode 521 | A Roundtable Discussion about a Potential Recession, Working from Home,
Nov 3, 2020 negative
Assertion Supported
Walling: US VC Funds Over $10M Are Capped at 99 Accredited Investors
“If you raise a, essentially a venture fund, which is what Tiny Seed's raising, and you have, you're raising more than ten million dollars, the highest number of investors you can have in that fund, these are accredited investors, who are, you know, loosely eit…”
Rob Walling Nov 3, 2020 ▶ 32:59 Episode 521 | A Roundtable Discussion about a Potential Recession, Working from Home,
Nov 10, 2020 positive
Assertion Not checkable as stated
Walling: Castos doubled team and tripled revenue without extra funding
“Before season one of Tiny Seed Tales, before we, as we started recording it, you were at four full-time employees, now you're at eight, and you tripled in revenue. You were already into five figures of monthly revenue when the season started, and then over the…”
Rob Walling Nov 10, 2020 ▶ 3:28 Episode 522 | Hewitt - Where Are They Now?
Nov 18, 2020 positive
Assertion Not checkable as stated
Walling: All 13 TinySeed Batch 2 portfolio companies are default alive
“The vast majority are already default alive businesses. I think every one of the 13 companies of batch two is default alive. Pretty sure. And The, if I were to put a number in it, 70% of batch one, maybe 80% are default to live.”
Rob Walling Nov 18, 2020 ▶ 23:38 Episode 523 | Breaking Through Plateaus, Entrepreneurship for Kids, Common Bootstrapper
Dec 22, 2020 positive
Insight
Walling: Startup financing is no longer binary between bootstrapping and VC
“There's all, it's not binary anymore. Bootstrap versus venture. It's I can bootstrap. I can do one round. I can take money from tiny seed. I can take money from Indie.bc. I can do revenue based financing if I get to the point where that makes sense, or I can t…”
Rob Walling Dec 22, 2020 ▶ 19:34 Episode 528 | 2021 Predictions from Rob and Mike
Feb 16, 2021 positive
Disclosure
TinySeed Paused Fund 2 for Two Months at COVID-19's Onset
“We started raising tiny seed fund two. We're going to start raising it in March Of 20 20, and we had all the assets and everything ready to start pitching it, and this happened, and everything just locked up, and we wound up waiting one month or maybe two to s…”
Rob Walling Feb 16, 2021 ▶ 8:59 Episode 536 | A Few Things I Learned in 2020 (A Rob Solo Adventure)
Feb 23, 2021 positive
Disclosure
Walling: TinySeed adopted SparkToro's open-source investment terms
“We liked what you did so much with your SparkToro terms, which you published on the internet and open source, that that is what TinySeed wound up adopting as our investment terms.”
Rob Walling Feb 23, 2021 ▶ 19:18 Episode 537 | On Launching, Funding, and Growth with Serial SaaS Founder Rand Fishkin
Mar 2, 2021
Insight
Vollset: Enterprise security reviews signal that price is immaterial to buyers
“If they're having you jump through the hoops of doing this kind of security assessment, then price is immaterial to them for all intents and purposes. If you at the end of that sell them something that's 29 dollars a month or 79 dollars a month, then you're pr…”
Einar Vollset Mar 2, 2021 ▶ 31:58 Episode 538 | When to Sunset a Product, Enterprise Security Assessments, Lifetime Deals,
Mar 16, 2021 negative
Insight
Vollset: Non-standard early-stage terms can ruin future fundraising
“You end up in a scenario where whatever terms that an early stage investor has put in is, is so weird that it ends up blowing up the cap table and sort of ruining the company for, at least for further, for the further financing.”
Einar Vollset Mar 16, 2021 ▶ 22:29 Episode 540 | Bootstrapper News. Twitter Spaces, Indie.vc Closing, Shopify, and More
Mar 16, 2021 neutral
Insight
Vollset: Early-stage funds cannot allow equity buybacks due to portfolio math
“Given how early we invest, and so Indy usually invested later than us, given how early we invest, you just kind of need to be an equity investor, and you need to sort of allow, basically to not allow founders to buy back equity. And, you know, we get, as you g…”
Einar Vollset Mar 16, 2021 ▶ 19:19 Episode 540 | Bootstrapper News. Twitter Spaces, Indie.vc Closing, Shopify, and More
Mar 30, 2021
Disclosure
Moreno: SquadCast has not spent any TinySeed investment capital
“I believe we still have that capital in our savings account. We haven't needed to touch it, and that's kind of the best case scenario.”
Zach Moreno Mar 30, 2021 ▶ 38:39 Episode 542 | 10x in Two Years, Past $3M ARR with SquadCast
Apr 6, 2021 positive
Disclosure
Walling: TinySeed startups should use flat-fee recruiters over contingency models
“So that's been my new mindset is if I'm going to hire, I want to find a recruiter who is willing to do that kind of thing, like a flat fee engagement. And I'm encouraging actually tiny C companies to do this now.”
Rob Walling Apr 6, 2021 ▶ 43:58 Episode 544 | Annual Raises, Finding Good Startup People, and More Listener Questions with
Apr 6, 2021 positive
Insight
Walling: Pricing is the single biggest growth lever in SaaS
“When folks come into the tiny seed batches within the first few weeks, I mean, that's the biggest lever in SaaS, right? Is, is pricing. You know, you don't need to build new features. You don't need to get more leads. You can, Double growth if you were to doub…”
Rob Walling Apr 6, 2021 ▶ 23:35 Episode 544 | Annual Raises, Finding Good Startup People, and More Listener Questions with
May 18, 2021
Assertion Not checkable as stated
CloudForecast turned down LAUNCH after multiple accelerator rejections in 2018–2019
“So let's go through YC interviewed for YC in 2018 rejected interviewed for tiny seed 2019 rejected applied interviewed For Indie.VC, Ernest Capital, Techstars, Chicago, and Boulder rejected. But in 2019 as well, you applied and interviewed for launch, and you …”
Rob Walling May 18, 2021 ▶ 16:57 Episode 550 | Three Years of Grind to Six Figures in ARR with CloudForecast
May 18, 2021 neutral
Insight
Walling: Early-Stage Startup Success Comes Down to People, PMF, and Pricing
“Of course, I have this big long list in, in a Google doc of all the criteria. It's like 40 something criteria, but really the top line thing is people, product market fit, and pricing or price sensitivity.”
Rob Walling May 18, 2021 ▶ 37:26 Episode 550 | Three Years of Grind to Six Figures in ARR with CloudForecast
Jun 1, 2021 positive
Assertion Supported
Walling: Silicon Valley Bank Underwrote Founder Mortgages Using 1099 Income
“A couple founders, someone had their mortgage lender, like, back out on them, 20 minutes before their close, and he had to go to Silicon Valley Bank, because they understand founders, and that's, they know what 10 99 income is, and they know what, you know, al…”
Rob Walling Jun 1, 2021 ▶ 10:57 Episode 552 | Google Audits, Partnerships, and Freemium with Mike Taber
Jun 8, 2021 positive
Assertion Supported
Walling: ScrapingBee grew from $40k to over $500k ARR
“Scraping Bee was at 40 K ARR when they applied, or I don't know if it's when they applied or the batch started, but now they're at north of 500,000 dollars ARR”
Rob Walling Jun 8, 2021 ▶ 29:31 553: Stack Overflow and Moz Acquired, Quitting Instead of Giving Up Remote Work, and More
Jun 8, 2021 positive
Assertion Not checkable as stated
Walling: TinySeed's 2020 batch companies grew an average of 413%
“The 13 companies in our 20 20 batch grew an average of 413% during the accelerator year.”
Rob Walling Jun 8, 2021 ▶ 28:59 553: Stack Overflow and Moz Acquired, Quitting Instead of Giving Up Remote Work, and More
Jul 13, 2021 neutral
Assertion Supported
Vollset: Most investors force founders to pay investor legal fees
“Most investors, and this is not true for us, will make the founders pay for their legal fees.”
Einar Vollset Jul 13, 2021 ▶ 25:28 Episode 558 | Thinking Through Funding as a Bootstrapper
Jul 13, 2021 negative
Insight
Walling: Info products fail to scale like SaaS due to key-person dependency
“Because they don't scale like SaaS, because they're often reliant on a single individual, not all the time, but often reliant on a personality or a personal brand. And the exit multiples aren't there, right? I mean, that's a part of why this works is that SaaS…”
Rob Walling Jul 13, 2021 ▶ 17:15 Episode 558 | Thinking Through Funding as a Bootstrapper
Jul 13, 2021 neutral
Disclosure
Walling: TinySeed has invested in businesses with platform risk like Rails Autoscale
“Yeah, and we, you know, being Tiny Seed, have invested in at least one, and I'd say, you know, a few businesses that have platform risk, including Rails Autoscale.”
Rob Walling Jul 13, 2021 ▶ 16:29 Episode 558 | Thinking Through Funding as a Bootstrapper
Jul 13, 2021
Disclosure
Walling: TinySeed was created because Drip needed a quick $200k infusion
“One of the reasons I started TinySeed is I wanted this fund to exist for me, because during the drip years, we needed money and we were doing all types of crazy stuff to cut costs. And it was super stressful. And I wanted to really quickly raise A couple hundr…”
Rob Walling Jul 13, 2021 ▶ 39:53 Episode 558 | Thinking Through Funding as a Bootstrapper
Jul 13, 2021 negative
Insight
Walling: Founders aiming for modest exits shouldn't take venture capital
“If you're going to take funding to be like, Hey, I would sell if I got an offer for twenty million, right? To be upfront about that, and if the investor doesn't want to invest, then I don't think you should take the money, because you're going to have this con…”
Rob Walling Jul 13, 2021 ▶ 21:02 Episode 558 | Thinking Through Funding as a Bootstrapper
Jul 13, 2021 neutral
Assertion Not checkable as stated
Walling: Derek Reimer raised TinySeed capital despite having funds to self-fund
“After the drip acquisition, he has enough money that he could basically angel fund himself, right? But he took tiny seed money back in batch one.”
Rob Walling Jul 13, 2021 ▶ 8:16 Episode 558 | Thinking Through Funding as a Bootstrapper
Aug 10, 2021
Assertion Not checkable as stated
Walling: Over one-third of early TinySeed startups received acquisition inbounds
“Across our first two batches of TinySeed, I believe, I think it's north of one third of the companies have been approached about an acquisition over, what was over like the first 18 months of the accelerator.”
Rob Walling Aug 10, 2021 ▶ 16:48 Episode 562 | "Measure Twice, Cut Once" + SaaS Holy Grails (A Rob Solo Adventure)
Aug 16, 2021 negative
Disclosure
Walling: TinySeed rejects productized services lacking working software
“So if you are a productized service and you have no software written you wouldn't be a fit for us today. You're not a SaaS company.”
Rob Walling Aug 16, 2021 ▶ 20:21 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021
Disclosure
Walling: TinySeed invests $120k-$220k for 10-12% equity
“Our terms are, 120,000 for the first founder, 60,000 for the second, 40,000 for the third, for between 10 and 12% equity, depending on the stage of your company.”
Rob Walling Aug 16, 2021 ▶ 6:08 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 positive
Assertion Supported
Osborn: TinySeed Records First Portfolio Exit from Recent Batch
“So we had our first acquisition in the last batch, which was really awesome. And we've only been around for a few years.”
Tracy Osborn Aug 16, 2021 ▶ 55:36 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021
Disclosure
Osborn: TinySeed sets $250K founder salary cap across all cohorts
“We've actually updated the salary cap across the board for every previous company and future company to 250,000 us dollars.”
Tracy Osborn Aug 16, 2021 ▶ 11:49 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 positive
Assertion Supported
Osborn: TinySeed raised $27 million for its second fund
“The, this fall, 20, 21 batch is coming out of our second fund, which we just raised, which was twenty seven million, which is awesome.”
Tracy Osborn Aug 16, 2021 ▶ 17:29 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 positive
Assertion Supported
Walling: TinySeed backs more solo founders than two-person teams
“Yes, we fund a lot of solo founders. I think we actually fund more solo founders than two person teams which is the opposite of most, you know, accelerators and most venture funds.”
Rob Walling Aug 16, 2021 ▶ 21:40 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 neutral
Assertion Not checkable as stated
Walling: TinySeed accepted no startups below $2K MRR in prior batch
“Last batch we didn't accept anyone under two KMRR, I believe, and it would be nice if, from our perspective, we can continue to do that”
Rob Walling Aug 16, 2021 ▶ 29:31 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 neutral
Disclosure
Walling: TinySeed judges applicants on revenue, not profitability
“We have no criteria around profitability. It is around revenue.”
Rob Walling Aug 16, 2021 ▶ 49:28 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 positive
Insight
Walling: Successful bootstrappers are usually one or two-person teams
“That's the pattern that we've seen in bootstrappers who get it done. Usually it's one or two-person teams.”
Rob Walling Aug 16, 2021 ▶ 32:02 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 neutral
Disclosure
Walling: TinySeed only backs founders targeting $1M to $30M ARR
“One of the questions I ask is, do you want to build a seven or eight figure ARR SaaS company? Meaning, do you want to build a one to thirty million dollar, you know, bootstrap, mostly bootstrap SaaS company? The answer is yes, then, you know, then let's talk a…”
Rob Walling Aug 16, 2021 ▶ 56:34 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 positive
Disclosure
Walling: TinySeed investment terms are modeled on Rand Fishkin's structure
“The terms themselves, the core of them were they came, Rand Fishkin, founder of Moz, left his venture-funded startup, came up with these terms for his next startup. So it's like, by definition, a founder came up with it for himself when he raised money. I had …”
Rob Walling Aug 16, 2021 ▶ 58:40 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 bullish
Disclosure
Walling: TinySeed fourth batch pushes portfolio past 60 SaaS startups
“With this batch, this is our fourth batch we're funding, we're going to be north of 60 companies funded, and these are ambitious B to B SaaS startups, you know, in the six and seven figures of annual recurring revenue, and they're all, they're not venture trac…”
Rob Walling Aug 16, 2021 ▶ 9:31 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021
Assertion Not checkable as stated
Walling: 75% of TinySeed's batch had $30K-$100K MRR and didn't need funding
“In our last batch, about 75 to 80% of the companies didn't actually need the money. They didn't do it for the money. They were in the 30 to a 100,000 MRR range.”
Rob Walling Aug 16, 2021 ▶ 10:34 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 positive
Assertion Not checkable as stated
Walling: CloudForecast was accepted to TinySeed on its third application
“We, we've had many companies apply twice, and we had CloudForecast applied three times and got in on their third time, right?”
Rob Walling Aug 16, 2021 ▶ 27:20 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 neutral
Assertion Not checkable as stated
Osborn: Roughly 25% of TinySeed alumni raise follow-on funding
“It's 25%, right? I think something like that.”
Tracy Osborn Aug 16, 2021 ▶ 39:46 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 bullish
Disclosure
Osborn: TinySeed is raising a dedicated UK and European fund
“We're in the process of raising our European fund, which is specifically going to we, I can say that right. I was just making sure I was like, oh no, we're live. So yeah, we're raising this fund so we can have tiny seed Europe and UK. And so we can invest dire…”
Tracy Osborn Aug 16, 2021 ▶ 16:54 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Aug 16, 2021 positive
Assertion Not checkable as stated
Walling: 20% to 40% of startups see hockey-stick growth after pricing module
“About between 20 and 40% of the companies, if we look back to the month, the day, the week that we do the pricing talk, within a few weeks, it's a, I forget the expression, it's like a hockey, you know, it's a hockey stick, it's a bootstrapper hockey stick, ri…”
Rob Walling Aug 16, 2021 ▶ 34:42 Episode 562.5 | TinySeed Fall 2021 SaaS Accelerator Application Info Session
Sep 14, 2021
Insight
Early-stage startup founders should collectively own 80 to 90 percent of equity
“Like the founders in an early stage company like this, raising a really a first or second round, pre-seed and accelerated round, a seed round. The founder should own 80, 90% of the company, you know, between that, if it's one or three or five, whatever. I mean…”
Rob Walling Sep 14, 2021 ▶ 18:16 Episode 567 | From Developer to CTO to Buying the Company for $1
Jan 31, 2022
Assertion Not checkable as stated
Walling: Email startups face phishing attacks upon reaching $20K MRR
“When you get any modicum of success, I mean, we have tiny seed companies who, by the time they hit 20 K MRR, 25 K, so it's still relatively small. If they send any type of email, if there's any type of email sending capability, like people start targeting them…”
Rob Walling Jan 31, 2022 ▶ 11:41 Episode 588 | In Which Courtland Allen and I Cover a Lot of Startups Topics
Jan 31, 2022 neutral
Disclosure
Walling: Jason Fried and DHH invested in TinySeed's first fund
“Jason and DHH, they invested in Tiny Seeds First Fund, their mentor, like, I get it.”
Rob Walling Jan 31, 2022 ▶ 59:22 Episode 588 | In Which Courtland Allen and I Cover a Lot of Startups Topics
Aug 16, 2022 positive
Insight
Walling found quarterly retreats are too frequent for remote startup founders
“And what we found with our first batch is they, we got to the third one, and people were like, this is too often. It was actually, it was literally too often, and I had no idea that that would be the case. It is about, this cadence of about every six months se…”
Rob Walling Aug 16, 2022 ▶ 29:18 Episode 616 | An 8-Figure SaaS Founder's Approach to Remote Work
Sep 22, 2022 negative
Insight
Walling: Extreme founder frugality becomes detrimental at scale
“Whether it's 400 K ARR, four million or forty million, at a certain point you hit it and you realize, okay, I have to change my thinking and I can't be so frugal all the time. It will actually be detrimental to the business.”
Rob Walling Sep 22, 2022 ▶ 12:46 Episode 625 | TinySeed Tales s3e4: Doubling MRR
Sep 22, 2022 positive
Insight
Chan: Peer groups deliver better advice when founders share growth stages
“I think the fact that all the batches were in 2021 and are relatively in the same growth stage definitely helped facilitate a lot of the conversations because The memory of whatever you're going through or the advice were it's fresh, right? You know, the tacti…”
Tony Chan Sep 22, 2022 ▶ 17:08 Episode 625 | TinySeed Tales s3e4: Doubling MRR
Oct 18, 2022 neutral
Disclosure
Walling: TinySeed sets a $250k founder salary cap before requiring pro rata dividends
“He could take a quarter million dollars a year without paying tiny seed anything, because that's our salary cap. Anything above that, then he would pay us, you know, our pro rata share of dividends.”
Rob Walling Oct 18, 2022 ▶ 9:16 Episode 631 | Re-writing Your Codebase, Stair Stepping, and Diffi...
Nov 1, 2022
Insight
Walling: Do not scale hiring until product direction is locked in
“Scaling up should come at that point where you have at least that modicum of confidence that you're not going to have to dramatically change it.”
Rob Walling Nov 1, 2022 ▶ 23:07 Episode 633 | Building SaaS Plus a Two-Sided Marketplace
Nov 15, 2022 neutral
Insight
Walling: Hiring effectively is difficult without domain expertise in the role
“It is really hard to hire people when you're not an expert at the thing you're hiring. It's the unfortunate reality of like, I see non-technical single founders trying to hire that first developer and it's very tough. And so likewise, if you're trying to hire …”
Rob Walling Nov 15, 2022 ▶ 11:49 Episode 635 | Where Are They Now? Catching up with TinySeed Tales...
Jan 3, 2023 neutral
Assertion Supported
Rob Walling: 90% of bootstrapped SaaS teams include a technical co-founder.
“When we did our State of Independence survey, 90% of the bootstrapped, mostly bootstrapped SaaS founders, 90% of the teams have at least one technical founder, at least one developer, like nine out of 10 in essence.”
Rob Walling Jan 3, 2023 ▶ 9:42 Episode 642 | The Pros and Cons of Building a No-Code MVP
Feb 9, 2023
Assertion Not checkable as stated
Osborne: TinySeed accepted companies average $18K MRR with lower median
“I think our average is 18 and our median might be lower, but like it's all over the place.”
Tracy Osborn Feb 9, 2023 ▶ 44:48 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 neutral
Disclosure
TinySeed sets baseline applicant threshold at $500 monthly recurring revenue
“So we're working for looking for folks who are generally above 500 and MRR at the time of application.”
Tracy Osborn Feb 9, 2023 ▶ 5:46 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 neutral
Assertion Not checkable as stated
Rob Walling: TinySeed accepts 2% to 3% of accelerator applicants
“Somewhere in that range. It's like two to three percent. Get in. So more exclusive than Harvard University.”
Rob Walling Feb 9, 2023 ▶ 10:18 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023
Disclosure
Walling: Having a technical founder gives applicants a slight edge in his rankings
“Now I will say personally, see, again, we all have our own criteria. There's four of us. I prefer, I, if you have a technical founder, you have a slight edge in my rankings, but we have funded many folks.”
Rob Walling Feb 9, 2023 ▶ 48:49 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023
Assertion Not checkable as stated
CloudForecast founder Tony Chan applied three or four times before TinySeed acceptance
“Tony Chan of cloud forecast applied four times, I think before three or four times before getting in and because we had, we can see that journey that he took and like the progress.”
Tracy Osborn Feb 9, 2023 ▶ 42:55 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023
Disclosure
Walling: TinySeed invests $120K to $220K for 10% to 12% equity
“So we invest between 122 120,000 per company for 10 to 12% equity.”
Rob Walling Feb 9, 2023 ▶ 17:38 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 neutral
Disclosure
Walling: TinySeed lowers valuation if not all co-founders commit full-time
“If you have one founder go full time and one not, we will You will get less money. You will get a lower valuation than if both go full-time.”
Rob Walling Feb 9, 2023 ▶ 27:54 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 positive
Disclosure
Walling: TinySeed Considers a $10M Exit an Acceptable Minimum Outcome
“I like to think of our minimum as around a ten million dollar exit. If you decide to sell 10 twenties that that works, right? We'd love to see fifty million, but yeah, if you sold for ten million, well, all right, cool.”
Rob Walling Feb 9, 2023 ▶ 34:54 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 negative
Disclosure
Osborne: TinySeed Is No Longer Funding Pre-Revenue Startups
“We have. We're not doing it now.”
Tracy Osborn Feb 9, 2023 ▶ 15:50 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 neutral
Assertion Not checkable as stated
TinySeed has accepted startups with up to $100K in MRR
“And we've had we've accepted folks from, like you said, in that 500 to a thousand MRO range, all the way up to a 100,000 MRO.”
Rob Walling Feb 9, 2023 ▶ 6:40 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 neutral
Assertion Partly supported
Walling: US VC Funds Exclusively Back Delaware C-Corps, Unlike TinySeed
“Venture funds in the US fund Delaware C-Corps. That's it. If you want to be any other entity, Don't bother. You have to convert. We fund C-Corps, we fund LLCs, and we fund a select group of, I'll say, non-US entities right?”
Rob Walling Feb 9, 2023 ▶ 35:41 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 bullish
Prediction Partly held up
Walling: TinySeed will exceed 200 portfolio companies within two years
“By, in the next two years, we will be over 200.”
Rob Walling Feb 9, 2023 ▶ 11:13 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023
Disclosure
Walling: TinySeed Looks at Month-Over-Month, Not Year-Over-Year Growth
“And then in terms of growth, we don't, I gotta be honest, we don't really look at year over year. We look at month over month growth.”
Rob Walling Feb 9, 2023 ▶ 15:22 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 neutral
Disclosure
TinySeed requires at least one founder full-time by program start
“One of the things we ask is that if you're accepting the tiny seed that at least one founder in the company is full-time in the business by the time the program starts”
Alex McQuaid Feb 9, 2023 ▶ 27:10 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023
Disclosure
Walling: TinySeed Accelerator Sweet Spot Is $2K–$3K to $50K MRR
“For me though, in between that two and three up to about I'd say most recently about 40 K MRR, 40 or 50 is where we've been funding. I think if you're above 40 or 50, we should probably talk about you using our syndicate to get funded unless you really want to…”
Rob Walling Feb 9, 2023 ▶ 15:06 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 positive
Assertion Not checkable as stated
Osborne: 60% to 70% of TinySeed Companies Do Not Raise Further Capital
“I think, what is it, 60 to 70% of the companies that go through TinySeek go back to maybe semi-bootstrapping, or still being like, say, in the state of mind while You know, taking tiny seed money and then not raising for money.”
Tracy Osborn Feb 9, 2023 ▶ 32:54 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 positive
Disclosure
Walling: TinySeed expanded EMEA program to two annual batches
“Last time we added a second, we were going to do one EMEA batch per year, and then we got so many applicants.”
Rob Walling Feb 9, 2023 ▶ 3:54 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 bullish
Assertion Contradicted
Walling: TinySeed is the only year-long accelerator program
“No one else does a year-long accelerator program, right? And we do that.”
Rob Walling Feb 9, 2023 ▶ 20:40 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 neutral
Disclosure
Osborne: TinySeed lacks APAC accelerator; APAC founders join Americas track
“Folks in the APAC region, we don't have an accelerator just yet for the APAC region. So folks in Australia, Japan, New Zealand, they have been joining TinySeed generally on the America side of things.”
Tracy Osborn Feb 9, 2023 ▶ 25:57 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 positive
Disclosure
Walling: 60% to 70% of TinySeed Portfolio Companies Are Solo Founders
“And I think if I were to guess, I'd guess, 60 or 70% of the companies we have funded are single founders.”
Rob Walling Feb 9, 2023 ▶ 30:53 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 bearish
Insight
Walling: TinySeed avoids B2C SaaS due to high churn and low pricing
“Like B to C is always on the edge, and we kind of never do it because the churn's too high and the price point's too low.”
Rob Walling Feb 9, 2023 ▶ 7:16 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023
Assertion Supported
Walling: TinySeed has never backed two direct competitors in the same batch
“A, we've tried really hard not to back two competitors in the same batch. And in fact, to date, we have not.”
Rob Walling Feb 9, 2023 ▶ 11:25 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023
Assertion Supported
Walling: 50% to 60% of Independent SaaS Companies Have Solo Founders
“We, you know, we do the state of independent SaaS, and I, it's somewhere between 50 and 60% of MicroConf tiny seed type companies are single founders, and that's very different than the venture capital landscape.”
Rob Walling Feb 9, 2023 ▶ 31:23 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 positive
Disclosure
Walling: TinySeed Has Accepted Startups Facing Significant Platform Risk
“In my opinion, it is not Too much platform risk to apply. We have folks with as much or more platform risk who have gotten into the program, and it's just about managing that and understanding that risk is there and figuring out ways as you grow to mitigate it…”
Rob Walling Feb 9, 2023 ▶ 32:14 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023 positive
Disclosure
McQuaid: TinySeed invests in e-commerce startups provided they are SaaS
“As long as you're a SaaS, yes.”
Alex McQuaid Feb 9, 2023 ▶ 30:08 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 9, 2023
Disclosure
Walling: TinySeed does not negotiate individual term sheets
“We cannot negotiate individual term sheets. We can't negotiate individual terms. Our terms are standard. We have docs that again, a hundred something founders have signed and they've been vetted”
Rob Walling Feb 9, 2023 ▶ 18:49 Episode 647.5 | Bonus Episode: TinySeed Application Q&A Livestrea...
Feb 14, 2023
Assertion Not checkable as stated
Rob Walling: TinySeed collected 3,000 emails during its first launch week
“We didn't give anything away on the landing page when we first launched TinySeed, and I believe we got I don't know, 3000 emails in the span of a week.”
Rob Walling Feb 14, 2023 ▶ 24:19 Episode 648 | Competing with a Non-Profit, Driving Traffic to A L...
Mar 14, 2023 negative
Insight
Walling: Raising an investment round is rarely worth doing below $75,000
“And pretty much the blanket advice I give is like, it's almost not worth doing if you're not going to raise, let's say, a hundred grand. Maybe for like, 75, you know, I mean, because it's time consuming, it's distraction, it is legal fees, and again, how you s…”
Rob Walling Mar 14, 2023 ▶ 23:50 Episode 652 | Mixing No-code with Code, Developer Superpowers, $5...
Apr 4, 2023 positive
Insight
Walling: 2-to-10-person startups seek generalists with multiple skill sets
“If I'm going to join as employee number two through 10, I mean, the tiny C companies, the microcom companies, and even when I was two through 10, always wanted people with multiple skill sets. That was, they were like the unicorns that I looked for, because I …”
Rob Walling Apr 4, 2023 ▶ 30:11 Episode 655 | Seat-Based Pricing, Can Churn Be Too Low? and More...
Apr 11, 2023
Assertion Not checkable as stated
Walling: Under 5% of TinySeed Founders Had Pre-Existing Audiences
“So with TinySeed, for example, we have, I believe it's about a 107 companies that we funded, and I think we're going to fund another, what, 20, 25 here in the next month or two. It's a lot of companies, and less than five percent of them had an audience before…”
Rob Walling Apr 11, 2023 ▶ 22:43 Episode 656 | Taste vs. Shipping + Being First vs. Being the Best...
Apr 18, 2023 negative
Insight
Walling: SaaS Startups Do Not Need Keywords in Their Company Names
“The thing is, you don't need keywords embedded in your company name, right, or product name. Go to tinyseed.com slash portfolio and assume that most of these companies are successful, you know, doing tens of thousands, if not hundreds of thousands of dollars a…”
Rob Walling Apr 18, 2023 ▶ 9:51 Episode 657 | Concierge Onboarding, Building a Great Brand, and M...
May 2, 2023 negative
Disclosure
Walling: TinySeed is lobbying Congress to change 99-investor rule
“We struggle so, we spend so much money on law, on lawyers, and we are literally lobbying Congress to try to get the 99 investor role changed, right? We raised a fund. We can only have 99 investors. They all have to be accredited.”
Rob Walling May 2, 2023 ▶ 1:03:44 Episode 659 | Indie Hackers' Newfound Independence + The SaaS Pla...
May 2, 2023 positive
Disclosure
Walling: TinySeed and MicroConf operate internally like startups, not passive funds
“When I first meet people and they say, what do you do? I say, I'm a startup founder. I run startups. Like, that's what Tiny Seed and MicroConf really are. Like, Tiny Seed happens to have raised funding to invest in other startups, but internally we are still, …”
Rob Walling May 2, 2023 ▶ 42:17 Episode 659 | Indie Hackers' Newfound Independence + The SaaS Pla...
May 2, 2023 neutral
Insight
Rob Walling: Organic SaaS Growth Is Harder, Making Seed Funding Advisable
“The content bar, especially with AI now, but even before that, like, 1015 years ago, I could hire someone to put out articles and just build links, like almost buy links from, what were they, blog networks or whatever, and you could rank in Google, and you can…”
Rob Walling May 2, 2023 ▶ 24:08 Episode 659 | Indie Hackers' Newfound Independence + The SaaS Pla...
May 2, 2023
Insight
Walling: Micro-investing in bootstrapped projects requires significantly lower valuations
“Is to make the economics work, it will have to be different than, certainly than Silicon Valley, but even than, like, the tiny seeds in the indie.vcs, you would be at a level, I would say a level lower, just in valuations, in order to make the economics ever w…”
Rob Walling May 2, 2023 ▶ 1:03:29 Episode 659 | Indie Hackers' Newfound Independence + The SaaS Pla...
May 9, 2023
Insight
Walling: Outside capital creates an implied agreement to focus and deliver investor returns
“Once you take investment from someone, even really nice investors who are not putting a ton of pressure on you to grow, there is still an implied agreement that you will focus. And that you will do your best to grow the company like that. You'll work hard to b…”
Rob Walling May 9, 2023 ▶ 17:07 Episode 660 | Make Ever-Increasing and Manageably-Sized Mistakes...
Jun 20, 2023
Assertion Not checkable as stated
Walling: Only 10-15% of TinySeed companies lack a technical co-founder
“Like the percentage of tiny seed companies That we have funded without a developer co-founder is somewhere in the 10 to 15% range. It's very, very small.”
Rob Walling Jun 20, 2023 ▶ 19:00 Episode 666 | Entering a Competitive Market, Books for SaaS Found...
Jun 20, 2023 positive
Insight
Walling: Managing personal psychology is over half of founder success
“More than being half of a successful founder is managing your own psychology.”
Rob Walling Jun 20, 2023 ▶ 12:40 Episode 666 | Entering a Competitive Market, Books for SaaS Found...
Jul 25, 2023
Disclosure
Walling has invested in 151 companies with around 300 founders
“I think the number's gotta be 300 now in terms of founders across the 151 companies I'm invested in.”
Rob Walling Jul 25, 2023 ▶ 7:39 Episode 671 | Working on What Matters, Left-handed Threads, and B...
Aug 15, 2023 neutral
Assertion Not checkable as stated
Eighty percent of TinySeed founders prefer selling over taking profit dividends
“It's about eighty-twenty, when tiny seed founders come in, we, I used to ask, do you want to grow as fast as possible, be the ambitious bootstrapper, and sell for, usually it's enough money, you never have to work again, or would you prefer to run your company…”
Rob Walling Aug 15, 2023 ▶ 20:34 Episode 674 | SparkToro Pays Back Investors, When to Raise Fundin...
Aug 29, 2023 neutral
Assertion Not checkable as stated
Rob Walling: Under 5% of 131 funded TinySeed companies had an audience
“Of all the companies we funded at TinySeed, 131 companies, it was less than five percent that had an audience when they launched or even as they grew.”
Rob Walling Aug 29, 2023 ▶ 30:05 Episode 676 | Exit Valuations, Choosing Between Ideas, and More L...
Sep 12, 2023
Disclosure
Rob Walling personally used Quora for early marketing at HitTail, Drip, and TinySeed
“Answering questions on Quora, which is something I did in the early days of Hittail, in the early days of Drip, and even a little bit in the early days of TinySeed, and I did that myself.”
Rob Walling Sep 12, 2023 ▶ 17:07 Episode 678 | Selling a Half-Finished Product, Phased Launches, a...
Sep 19, 2023
Disclosure
Walling: Currently holds a portfolio of 151 B2B SaaS angel investments
“I think I have a 151 B to B SaaS investments.”
Rob Walling Sep 19, 2023 ▶ 16:41 Episode 679 | Mock Features, A Failed Launch, Becoming a Freelanc...
Sep 26, 2023
Assertion Supported
Walling: TinySeed has raised $42M and backed 130 SaaS startups
“The point is that even though today I run two successful companies, we've raised forty two million dollars, we've invested in 130 SaaS companies.”
Rob Walling Sep 26, 2023 ▶ 19:30 Episode 680 | Problems vs. Solutions, Doing What it Takes, and Mo...
Oct 17, 2023 neutral
Assertion Supported
Walling: Accelerators fund low-revenue SaaS at $1M to $2M valuations
“And if you look around at accelerators, for example, you know, they will fund like Tiny Seed, Y Combinator, Techstars, 500 startups, you know, they'll fund A company doing a few thousand dollars a month at, you know, a 900,000 to two million dollar valuation, …”
Rob Walling Oct 17, 2023 ▶ 11:17 Episode 683 | Bringing on a Partner, Attending Trade Shows, Pre-l...
Nov 7, 2023 neutral
Assertion Not checkable as stated
TinySeed's ten fastest-growing portfolio companies all relied on founder-led growth
“If I were to take the top 10 say fastest growing tiny seed companies, without exception, all 10 of those, the founders either head up the marketing or sales or they learned enough To get them to the point where they could hire someone really good, and they had…”
Rob Walling Nov 7, 2023 ▶ 19:00 Episode 686 | How Much is Enough?, Outsourcing Marketing, and Mor...
Nov 14, 2023
Insight
Walling: 90% of tech startups should bootstrap, only 1% should raise venture
“I think about one percent of tech startups should consider raising venture, I think about nine percent should consider raising what I call indie funding, which is Tiny Seed, Indie.VC, Upeka, and the other Alt-VC funds that you might hear about, and then 90% sh…”
Rob Walling Nov 14, 2023 ▶ 5:48 Episode 687 | An 8th Thing You Should Never Do, Things That Don't...
Nov 14, 2023 negative
Disclosure
Walling: TinySeed never invests in founders running multiple side products
“When we're interviewing founders for TinySeed, if we get a lot of pushback about asking them to, say, go full time on their startup, or someone who we notice is all over the place doing the indie hacker dream where they have five or six different products, I w…”
Rob Walling Nov 14, 2023 ▶ 2:58 Episode 687 | An 8th Thing You Should Never Do, Things That Don't...
Nov 28, 2023 positive
Opinion
Walling: Three In-Person Retreats Per Year Is Ideal for Remote Teams
“I think like three times a year would be ideal, you know, to get people together.”
Rob Walling Nov 28, 2023 ▶ 14:30 Episode 689 | How to Keep Your Remote Team Motivated and Engaged
Dec 19, 2023
Disclosure
Walling: TinySeed Is Intentionally Not the Cheapest Money
“We are not the cheapest money. By design, we are not the cheapest money. If you want cheap money, go to a doctor down the street, a dentist, maybe a local angel group, go try to raise on, you know, on Sand Hill Road, go to one of kind of the copycat, like the …”
Rob Walling Dec 19, 2023 ▶ 9:53 Episode 692 | Learn the Rules Like a Pro So You Can Break Them Li...
Dec 19, 2023 negative
Disclosure
Walling Never Invests in Startups Pitching Via Cold Email
“I've never invested in an app where the founders have cold emailed me. It's always through, it has traditionally been through MicroConf and of course now it's through TinySeed.”
Rob Walling Dec 19, 2023 ▶ 4:38 Episode 692 | Learn the Rules Like a Pro So You Can Break Them Li...
Dec 26, 2023
Disclosure
Postpone exceeded $10K MRR when McConaughey left Zapier
“Yeah, I was north of 10 K MRR at the time I quit, and funny enough, I actually put my notice in at Zapier, this is like October of twenty-twenty-two, before getting accepted into TinySeed, and then a week later, got the email from you all that I had been accep…”
Grant McConaughey Dec 26, 2023 ▶ 10:29 Episode 693 | Building a Mid-Six-Figure SaaS in Less Than 3 Years
Dec 26, 2023
Assertion Not checkable as stated
Walling: Portfolio founders almost never have to roll back price increases
“I cannot remember, I've had people raise prices and need to change the, oh, we got the value metric wrong, or like we need to tweak We need to do some stuff, but to raise prices and then truly roll back, I don't know that I remember a time when that's happened”
Rob Walling Dec 26, 2023 ▶ 19:12 Episode 693 | Building a Mid-Six-Figure SaaS in Less Than 3 Years
Jan 2, 2024 bullish
Assertion Partly supported
TinySeed funded over 40 startups in 2023, surpassing 150 total investments
“We funded We have, like, forty-something companies this year, bringing our total to more than a 150 companies”
Rob Walling Jan 2, 2024 ▶ 11:04 Episode 694 | 2023 In Review: Amazing Growth & Fighting Burnout
Jan 9, 2024 negative
Opinion
Walling: Jason Fried and DHH's advice fails 99.9% of startups
“Jason Fried and DHH are tiny seed mentors. They invested in our first fund. So I'm not throwing shade at them, but I'm saying they often give advice that fits them really well and worked for them that I think it won't work for 999 out of the next thousand star…”
Rob Walling Jan 9, 2024 ▶ 37:30 Episode 695 | Ideal Customers, Moving from B2C to B2B, and More L...
Jan 23, 2024 neutral
Disclosure
Walling: 75% to 80% of TinySeed investments are vertical SaaS
“If I were to guess, I think it's in the 75 to 80% range of companies that we have funded over the past several years have been vertical SaaS.”
Rob Walling Jan 23, 2024 ▶ 3:09 Episode 697 | 7 Predictions for SaaS Bootstrappers in 2024
Feb 13, 2024 neutral
Assertion Not checkable as stated
Gather took eighteen months to move upmarket, missing its six-month estimate
“Gather, which was focusing on one and two person architecture and interior design firms, they went Up market. And they wanted to go to five to 20 person teams. And we talked about it, and they knew it was going to take months, and their estimate, I don't remem…”
Rob Walling Feb 13, 2024 ▶ 9:26 Episode 700 | Playing the Long Game
Feb 20, 2024 positive
Insight
Walling: Standard SaaS Playbooks Only Work After Initial Product-Market Fit
“Tiny Seed, I think is, is really designed for that stage, which is why we do that. The SaaS playbook is a hundred percent written for that as well. It's like, you have some customers, you have a loose, loose product market fit, and you're trying to strengthen …”
Rob Walling Feb 20, 2024 ▶ 9:23 Episode 701 | The Long Journey to Product-Market Fit
Feb 27, 2024 bearish
Disclosure
Walling: TinySeed views sub-80% founder ownership as a negative signal
“We have seen companies apply to TinySeed that we wanted to fund, and if the founders, by the time they reach us between the one, two, or three of them, however many there are, if they own less than 80% of their company, We start to ask questions, and if they o…”
Rob Walling Feb 27, 2024 ▶ 26:28 Episode 702 | Revenue vs. Profit Multiples, When to Lower Prices,...
Mar 5, 2024 positive
Insight
Walling: Vertical software founders do not need to be top-tier marketers
“We really like, I really like vertical software. We do at TinySeed because it's, you can dominate it. You're not competing with whoever, Microsoft, Google, Facebook. You don't have to be the best marketer. You just have to be better than the other, like five i…”
Rob Walling Mar 5, 2024 ▶ 18:54 Episode 703 | The Accidental SaaS Entrepreneur
Mar 5, 2024
Disclosure
Hansen: Cobalt Intelligence applied to TinySeed with only $300 in SaaS MRR
“I had about 4000 dollars a month in that, which felt okay, but I felt like it was cheating to almost list it. I had to put a disclaimer because I only had 300 dollars of actually the SAS revenue.”
Jordan Hansen Mar 5, 2024 ▶ 17:55 Episode 703 | The Accidental SaaS Entrepreneur
Mar 12, 2024 positive
Disclosure
Walling: DHH and Jason Fried are TinySeed mentors and fund investors
“DHH, Jason Freeth, they are tiny seed mentors. They invested in one of the tiny seed funds”
Rob Walling Mar 12, 2024 ▶ 8:30 Episode 704 | Landing Pages, Buying a SaaS, the Right Tech Stack,...
Mar 12, 2024 neutral
Disclosure
Walling: Only 10 to 15 percent of TinySeed startups lack technical co-founders
“I, from last time I looked, I think it's like 10 or maybe 15% of companies we funded with TinySeed don't have at least one technical co-founder. It's a super minority.”
Rob Walling Mar 12, 2024 ▶ 34:24 Episode 704 | Landing Pages, Buying a SaaS, the Right Tech Stack,...
Mar 19, 2024 neutral
Assertion Supported
Walling: Over 90% of TinySeed startups have one or two founders
“I believe the number is 90% of our kind of MicroConf TinySeed Crew is one or two person companies, which makes sense. One or two co-founder companies, I should say. And then it's another handful, it might even be more than 90, actually, it might be like 92,…”
Rob Walling Mar 19, 2024 ▶ 30:49 Episode 705 | From Bootstrapped to Mostly Bootstrapped
Apr 2, 2024
Disclosure
Walling: TinySeed takes a 1x liquidation preference on $120k checks
“So when Tiny Seed invests, if we write you a check for a 120,000 dollars, we have a one X liquidation preference.”
Rob Walling Apr 2, 2024 ▶ 15:00 Episode 707 | Once.com, Open Source to FT Income, and More (Hot T...
Apr 2, 2024 negative
Opinion
Volset: One-time software pricing is not viable for average bootstrapped startups
“I don't think it's a winning formula for your average startup, you know, indie hacker, bootstrapper, tiny seed founder to be like, oh, screw it. Like, let's not charge 50 bucks a month or whatever. Let's just do 300 dollars once.”
Einar Vollset Apr 2, 2024 ▶ 5:19 Episode 707 | Once.com, Open Source to FT Income, and More (Hot T...
Apr 9, 2024
Assertion Not checkable as stated
Walling: Every TinySeed company over $1M ARR had founder-led marketing
“When I look at the list, I have this list I keep of A&R and I keep of all the tiny seed companies that are over a million in ARR. And it's a, you know, it's a pretty long list, which is great. I believe without fail, every single one of them, the founder or on…”
Rob Walling Apr 9, 2024 ▶ 33:25 Episode 708 | Outsourcing Marketing, Competitive Markets, and Mor...
Apr 9, 2024 positive
Assertion Supported
Walling: TinySeed company FinChat.ai scaled to seven figures ARR in months
“FinChat.ai is a, you know, is a tiny C company that pivoted from stratosphere and doing seven figures in like a matter of months. Seven Figures ARR.”
Rob Walling Apr 9, 2024 ▶ 46:24 Episode 708 | Outsourcing Marketing, Competitive Markets, and Mor...
Apr 30, 2024 positive
Insight
Walling: Higher SaaS pricing typically drives lower churn and faster growth
“The higher price, typically the lower the churn, the faster the growth. Like we see this in the state of independent SaaS when we ask about churn and lifetime value and ticket price, and then we compare it to growth. It's obvious that the higher lifetime value…”
Rob Walling Apr 30, 2024 ▶ 32:12 Episode 711 | Finding Early Customers, Horizontal vs. Vertical, P...
Apr 30, 2024 neutral
Assertion Not checkable as stated
Walling: Under 5% of TinySeed's 170 Portfolio Startups Had an Audience
“Less than five percent of all tiny seed funded companies, which is like a 170 now less than five percent had any kind of audience when they started or even have any kind of audience today.”
Rob Walling Apr 30, 2024 ▶ 3:09 Episode 711 | Finding Early Customers, Horizontal vs. Vertical, P...
Apr 30, 2024 neutral
Assertion Not checkable as stated
Walling: Dual-Funnel SaaS Generates 70-80% of MRR From Higher-Tier Plans
“Most of, you know, I have insight into a 190 something companies, and most of the companies with this type of dual funnel where you have either free on the bottom end or super cheap, and then you have people paying you 500, a 1002 thousand and up, they make th…”
Rob Walling Apr 30, 2024 ▶ 48:35 Episode 711 | Finding Early Customers, Horizontal vs. Vertical, P...
Apr 30, 2024 neutral
Disclosure
Rob Walling: TinySeed has not invested in direct-to-consumer software startups
“And in fact, at Tiny Seed, I believe we've invested in companies who do every one of those, except I do not think we have anyone who sells to consumers.”
Rob Walling Apr 30, 2024 ▶ 37:13 Episode 711 | Finding Early Customers, Horizontal vs. Vertical, P...
May 7, 2024 neutral
Insight
Walling: True horizontal SaaS makes marketing harder without a specific target role
“What we've seen across the tiny seed companies we've invested in is that horizontal plays, true horizontal plays get really competitive, and there's often a big player that you're fighting against, which is okay, but it can make marketing and sales more diffic…”
Rob Walling May 7, 2024 ▶ 4:07 Episode 712 | Revisiting Burnout + Updates on My Progress in 2024...
May 7, 2024 positive
Disclosure
Walling: TinySeed has invested in over 170 B2B SaaS companies
“Puts us just over a 170 companies that we will have invested in all B to B SaaS. And it puts my total to a low 190. So almost, almost 200 companies overall.”
Rob Walling May 7, 2024 ▶ 14:54 Episode 712 | Revisiting Burnout + Updates on My Progress in 2024...
May 21, 2024 neutral
Disclosure
Walling: 15% of TinySeed portfolio companies lack a technical co-founder
“I believe across TinySeed, the percentage of companies that we have funded that do not have a technical co-founder are, I think it's around 15%. I know it's between 10 and 20, but I think 15 is about where it stands.”
Rob Walling May 21, 2024 ▶ 23:50 Episode 714 | TRM not TAM, Acquiring a Competitor, and Finding a...
May 21, 2024 positive
Disclosure
Walling: A $30M to $50M exit on $5M ARR is a home run
“If a tiny seed company can get to five million ARR and they can sell for thirty million or fifty million, that's a great win for us. It's a, and it's a home run for that founder. It's life-changing.”
Rob Walling May 21, 2024 ▶ 15:41 Episode 714 | TRM not TAM, Acquiring a Competitor, and Finding a...
Jun 25, 2024 negative
Disclosure
TinySeed generally does not fund startups with only $500 MRR
“As a general rule, we don't fund companies, you know, with MRR that low.”
Rob Walling Jun 25, 2024 ▶ 10:56 Episode 719 | How to Test Pricing, Lifetime Deals, and Building S...
Jul 2, 2024
Assertion Supported
Walling: TinySeed Accelerator Portfolio Has Grown to Back 192 Companies
“You know, I have a hundred, a 192 companies and I'm like four, five, six, seven conversations a week, depending”
Rob Walling Jul 2, 2024 ▶ 35:07 Episode 720 | How to Prioritize Your Focus (In Both Your Startup...
Jul 9, 2024 neutral
Disclosure
Walling: Roughly one-third of TinySeed companies seek or raise additional funding
“Across all the Tiny Seed companies that we funded, Somewhere around a third of them wind up seeking or raising additional funding.”
Rob Walling Jul 9, 2024 ▶ 23:30 Episode 721 | 7 Key Takeaways from the 2024 State of Independent...
Jul 9, 2024 neutral
Insight
Walling: SaaS startups raising $250K-$500K transition out of bootstrapped status
“Like, there are venture capitalists who will say, if you've raised less than a million dollars, you are effectively bootstrapped. Like, that's how they view it. And for me, usually the number is in the two 50 to 500 K. I think that's when you start to transiti…”
Rob Walling Jul 9, 2024 ▶ 6:32 Episode 721 | 7 Key Takeaways from the 2024 State of Independent...
Aug 6, 2024 positive
Insight
Gomez: SaaS companies with higher price points tend to grow fastest
“Companies that basically charge more money tend to grow the fastest. And you've mentioned this about, like, tiny seed companies and the patterns that we've seen in the recent survey about SaaS as well. And just from founders that I know, the ones that charge m…”
Ruben Gamez Aug 6, 2024 ▶ 13:56 Episode 725 | SEO in the Age of AI, Freemium, When Brand Becomes...
Aug 20, 2024 bullish
Disclosure
Vollset: TinySeed Sold Some Gymdesk Equity and Rolled Over the Rest
“Tiny Seed, You know, we sold some of our equity in, as part of the transaction, but we also rolled a substantial amount forward, and we expect them to just kind of keep growing.”
Einar Vollset Aug 20, 2024 ▶ 4:04 Episode 727 | Gymdesk Sells for More than $32.5 million, Hiring G...
Aug 20, 2024 neutral
Insight
Vollset: SaaS Growth Stalls at $1M–$3M ARR Without New Products or Channels
“And I think the biggest mindset change that I've observed repeatedly is people, once they get past about a million in ARR two or three, they get to the stage. They're like, oh, like my growth is stalling out now. Like what I was working, like my market saturat…”
Einar Vollset Aug 20, 2024 ▶ 15:23 Episode 727 | Gymdesk Sells for More than $32.5 million, Hiring G...
Aug 20, 2024 positive
Assertion Supported
Walling: 85% of Bootstrapped SaaS Companies Find Hiring Same or Easier
“85% of companies we surveyed, so we surveyed 700, almost 700 bootstrap, mostly bootstrap SAS companies, all microconf, tiny seed type companies, 85% reported that the difficulty in hiring people is either the same or easier than last year.”
Rob Walling Aug 20, 2024 ▶ 10:40 Episode 727 | Gymdesk Sells for More than $32.5 million, Hiring G...
Aug 20, 2024 neutral
Insight
Walling's 3 SaaS phases: Product ($0–10K), Business ($10K–50K), Company ($50K+)
“I talk about it in three phases and there are more than this, but like the first phase is building a product. Second phase is building a business. Third phase is building a company. And usually I think of product as being zero up to Usually about 10 K, MRR, to…”
Rob Walling Aug 20, 2024 ▶ 17:21 Episode 727 | Gymdesk Sells for More than $32.5 million, Hiring G...
Aug 27, 2024
Assertion Not checkable as stated
Walling: Every seven-figure TinySeed company had a founder running marketing
“Of all the successful tiny C companies, all the tiny C companies doing seven figures, pretty much inevitably one of the founders runs marketing. From the start.”
Rob Walling Aug 27, 2024 ▶ 17:16 Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit
Aug 27, 2024 neutral
Assertion Not checkable as stated
Gymdesk was at $35K to $40K MRR when entering TinySeed
“I was around 35 K And by the time the program started already 40”
Iran Galperin Aug 27, 2024 ▶ 10:08 Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit
Sep 3, 2024 bullish
Assertion Not checkable as stated
Only 2% of TinySeed's 170+ SaaS Investments Have Failed
“So more than a 170 investments, Approximately two percent of those have been written off, have shut down, not sold, and, you know, basically moved on to their next act.”
Rob Walling Sep 3, 2024 ▶ 2:42 Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Compan...
Sep 3, 2024 negative
Insight
Early-Stage SaaS Founders Must Retain 70-80% Equity to Remain Investable
“If you come to us, and we're typically the first money into a company, and the founders own less than, you know, 70%, like that's not a good sign. And sometimes we are the second money in, so there are exceptions to that, but certainly you want the founders to…”
Rob Walling Sep 3, 2024 ▶ 17:27 Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Compan...
Sep 3, 2024
Assertion Not checkable as stated
53% of 7- and 8-Figure TinySeed Companies Have Solo Founders
“53% of seven and eight figure tiny seed companies are single founders. 33% are two founders. 14% have three or more founders.”
Rob Walling Sep 3, 2024 ▶ 16:09 Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Compan...
Sep 3, 2024 neutral
Disclosure
Only 15-20% of TinySeed Founders Prefer Long-Term Dividends Over Exits
“With my show of hands surveys that I've done in several tiny seed Zooms, it appears that it's about 15%, maybe 20, that want to grow a company for the long term and take out profits. So it is the, you know, call it the super majority that do want to have that …”
Rob Walling Sep 3, 2024 ▶ 13:09 Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Compan...
Sep 3, 2024 negative
Disclosure
TinySeed Avoids Investing in $10K-$30K Monthly Revenue Lifestyle Businesses
“Like, if you want to be a lifestyle bootstrapper and truly run a, 10, 20, 30,000 dollar a month company and pull it all out. That's great, but the numbers don't work for Tiny Seed to invest in you.”
Rob Walling Sep 3, 2024 ▶ 13:31 Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Compan...
Sep 3, 2024 positive
Insight
B2B SaaS Startups Rarely Fail After Initial Traction, Says Walling
“B to B SaaS in general, once you get a little bit of traction, it doesn't fail very often.”
Rob Walling Sep 3, 2024 ▶ 2:24 Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Compan...
Sep 3, 2024 positive
Assertion Not checkable as stated
4% of TinySeed Portfolio Companies Exited Profitably or at Par
“Four percent of TinySeed companies have exited, meaning sold for enough cash that TinySeed at least got our money back”
Rob Walling Sep 3, 2024 ▶ 3:25 Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Compan...
Sep 3, 2024 neutral
Disclosure
Follow-On Funding Rates for TinySeed Startups Dropped to 25% Post-2022
“And within the first few years, it was about a third of our companies went on to raise additional funding. After the twenty-twenty-two crash, where funding valuations hit ten-year lows, and money is just not as easily accessible, I think it's probably closer t…”
Rob Walling Sep 3, 2024 ▶ 19:47 Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Compan...
Sep 3, 2024 positive
Disclosure
43% of Exited or Defunct TinySeed Founders Became Millionaires
“Of all companies that are no longer autonomously operating, meaning they've either sold or they've shut down, 43% of those founders are now millionaires.”
Rob Walling Sep 3, 2024 ▶ 5:29 Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Compan...
Sep 17, 2024 positive
Assertion Not checkable as stated
Walling: Every seven-figure TinySeed founder led initial marketing or sales
“Every single one of them, without exception, the founder has figured out enough about marketing or sales or lead gen, you know, driving new customers. They have not outsourced that from the start.”
Rob Walling Sep 17, 2024 ▶ 19:50 Episode 731 | How to Delegate as a Perfectionist, SaaS Partnershi...
Oct 8, 2024
Disclosure
Walling: TinySeed funded roughly 5 to 10 on-prem SaaS companies out of 170
“We funded a handful, you know, and again, I don't know if it's five or if it's 10 out of one 70, but there are, especially like you said, in finance or in certain regulated industries where like you really do need or want control of that data and, you know, ju…”
Rob Walling Oct 8, 2024 ▶ 4:17 Episode 734 | The 20 Year Bootstrapper (With Ian Landsman)
Oct 15, 2024 neutral
Disclosure
TinySeed funded Postpone despite a 100% Reddit customer concentration
“Grant, he's a tiny seed founder, started Postpone, and it was just for Reddit. And so when we funded him, we said, your customer concentration is basically a hundred percent Reddit. We think you should diversify into other platforms, and he was already on boar…”
Rob Walling Oct 15, 2024 ▶ 6:14 Episode 735 | The 8 Levels of SaaS Platform Risk (A Rob Solo Adve...
Oct 15, 2024 negative
Insight
Walling: Startup attempts to diversify across multiple platforms usually fail
“Usually actually branching into other platforms is a lot harder than you think. We've seen tiny, I've seen tiny companies and non-tiny companies try to do it, and it can work, but in the majority of cases I've seen it hasn't worked.”
Rob Walling Oct 15, 2024 ▶ 7:04 Episode 735 | The 8 Levels of SaaS Platform Risk (A Rob Solo Adve...
Oct 22, 2024 neutral
Assertion Not checkable as stated
Walling: No TinySeed founder outsourced sales before reaching millions in ARR
“I don't know of a seven or eight figure tiny seed founder that has outsourced or delegated their marketing and sales before they hit A few million in ARR.”
Rob Walling Oct 22, 2024 ▶ 9:55 Episode 736 | Founder Regrets, DIY vs. Hiring, Defining your ICP,...
Oct 29, 2024 bearish
Assertion Not checkable as stated
Rob Walling: 80% to 90% of plateauing SaaS companies never recover
“Most companies that I see that do hit a plateau, don't make it out. And I think the number of the graphs that I looked through, it was like, 80, between 80 and 90%. Once they plateaued, they just, they haven't yet made it out.”
Rob Walling Oct 29, 2024 ▶ 38:56 Episode 737 | Key Takeaways from MicroConf Europe 2024 (With Derr...
Nov 5, 2024 negative
Insight
Walling: Never scrape VC or accelerator portfolio pages for cold outreach
“One approach that you should not take is to scrape the portfolio companies from a website and cold outreach them one at a time. Because it really pisses people off.”
Rob Walling Nov 5, 2024 ▶ 22:06 Episode 738 | Encouraging Word of Mouth, Educating a Market, and...
Nov 12, 2024
Assertion Not checkable as stated
Walling: MicroConf and TinySeed Founders Skew in Their Thirties to Fifties
“Most of the microconf, tiny seed, startups for the rest of this ecosystem tends to skew a little older. Let's say thirties and forties, some folks in their fifties.”
Rob Walling Nov 12, 2024 ▶ 27:09 Episode 739 | Selling SaaS to Customers Who Don't Know They Have...
Nov 26, 2024
Disclosure
Walling holds investments in 212 SaaS companies through TinySeed and individually
“I'm invested in 200 and, I think it's 12, 212 SaaS companies through TinySeed and then individually”
Rob Walling Nov 26, 2024 ▶ 23:38 Episode 741 | What Actually is Product Led Growth? (with Wes Bush...
Dec 17, 2024 neutral
Insight
Vollset notes zero-uncertainty startup opportunities are already captured by incumbents
“If there was a market opportunity that had zero uncertainty about it, how to do it, or whether it was worth doing, then someone with more better resource than you would have already done it.”
Einar Vollset Dec 17, 2024 ▶ 25:02 Episode 744 | Bluesky, TinySeed is Raising, YC Backs Competitors,...
Dec 17, 2024 bullish
Assertion Not checkable as stated
Vollset claims TinySeed Fund 1 ranks in Carta's top 15 percent
“You know, it's not quite apples to apples, but certainly like, you know, CARTA came out with a venture benchmark report here earlier, earlier this year. And like, we're basically in the top five to 15% of most metrics of venture funds.”
Einar Vollset Dec 17, 2024 ▶ 15:23 Episode 744 | Bluesky, TinySeed is Raising, YC Backs Competitors,...
Dec 17, 2024 positive
Disclosure
Vollset reveals TinySeed Fund 1 holds a 2x to 2.5x markup
“So as our fund, one, we raised about five million dollars. I'm sure our compliance person is going to shoot me now, but like our sort of mark on there is we're at about, you know, two, two and a half X markup on that fund, which”
Einar Vollset Dec 17, 2024 ▶ 15:10 Episode 744 | Bluesky, TinySeed is Raising, YC Backs Competitors,...
Dec 24, 2024 neutral
Disclosure
TinySeed portfolio reaches 192 companies by late 2024
“Across the tiny seed portfolio of now, I believe it's a 192 companies.”
Rob Walling Dec 24, 2024 ▶ 4:14 Episode 745 | Reflecting on 2024: Revisiting My Predictions, The...
Dec 24, 2024 negative
Insight
Walling: Only 1% of tech startups should raise venture capital
“Not only, should not everyone raise it, but I only think about one percent of venture-eligible tech startups should raise venture. I think one percent, approximately, should consider raising venture. I think nine percent should consider raising some type of fu…”
Rob Walling Dec 24, 2024 ▶ 7:51 Episode 745 | Reflecting on 2024: Revisiting My Predictions, The...
Dec 24, 2024 positive
Assertion Partly supported
Walling: Gymdesk Founder Eran Galperin Exited for Over $32.5M
“He exited bootstrapped, took very small amount of money from Tiny Seed, and then exited for more than 32.5 million dollars.”
Rob Walling Dec 24, 2024 ▶ 9:06 Episode 745 | Reflecting on 2024: Revisiting My Predictions, The...
Dec 24, 2024 neutral
Disclosure
Walling Discloses Investments in 212 Mostly Bootstrapped SaaS Companies
“I'm actually up to 212 SaaS companies, bootstrap, bootstrap, mostly bootstrap SaaS companies that I'm invested in”
Rob Walling Dec 24, 2024 ▶ 10:16 Episode 745 | Reflecting on 2024: Revisiting My Predictions, The...
Jan 14, 2025 negative
Disclosure
Vollset: TinySeed actively avoids the typical VC model of quadrupling fund size
“Like, we're not vastly increasing the size of our fund, which is, you know, quite common. Like, in the VC world, it's very often like, You start with a small fund, then you quadruple it, and then that works out and you quadruple it again. And like, we're not d…”
Einar Vollset Jan 14, 2025 ▶ 35:57 Episode 748 | The Ins and Outs of Startup Investing
Jan 14, 2025 neutral
Insight
Vollset: Early-stage check writing skill does not translate to later-stage investing
“Just because you're good at writing 250,000 dollar checks does not mean you're good at writing five million dollar checks into later stage companies. And your competition might be different, and your deal flow might be different, and your pricing power might n…”
Einar Vollset Jan 14, 2025 ▶ 37:17 Episode 748 | The Ins and Outs of Startup Investing
Jan 14, 2025 positive
Assertion Not checkable as stated
Walling: Several startup founders have chosen TinySeed over Y Combinator
“Because we have folks who get into both and who have gone with TinySeed.”
Rob Walling Jan 14, 2025 ▶ 4:06 Episode 748 | The Ins and Outs of Startup Investing
Jan 14, 2025
Disclosure
Vollset: TinySeed values its portfolio companies at 2x to 7x revenue multiples
“Our sort of base case valuation, which is most of the numbers we share out, it's basically some sort of a revenue multiple based on, on growth mostly. And it's somewhere between two X and somewhere between seven X.”
Einar Vollset Jan 14, 2025 ▶ 32:19 Episode 748 | The Ins and Outs of Startup Investing
Jan 14, 2025
Insight
Vollset: Low-valuation $75M exits yield identical 40x returns to $1B unicorns
“If you're B to B SaaS and as an investor, you can put money in that a couple of million and then they sell for 50 to a hundred million dollars. That's as good. Like, it doesn't matter to you. If you get 40 X your money, what do you care? Whether it, 40 exit me…”
Einar Vollset Jan 14, 2025 ▶ 24:18 Episode 748 | The Ins and Outs of Startup Investing
Jan 14, 2025 neutral
Assertion Not checkable as stated
Vollset: Under 10% of TinySeed companies raise follow-on VC, down from 30%
“I remember looking, I was like, oh, about 30% of the companies have raised money, and that's what I used to say, like, about a third, and then I was coming around the fundraising again, I was like, okay, let's look at this, and actually, it's like, it's eight …”
Einar Vollset Jan 14, 2025 ▶ 28:45 Episode 748 | The Ins and Outs of Startup Investing
Jan 14, 2025
Insight
Vollset: Breaking even in startup investing requires at least 15 to 20 bets
“If you're going to have a better than 50% chance of at least breaking even, you should be making at least, I think it's somewhere like 15 and 20 bets, like investments rather than bets.”
Einar Vollset Jan 14, 2025 ▶ 12:46 Episode 748 | The Ins and Outs of Startup Investing
Jan 14, 2025 neutral
Insight
Walling: Only 1% of startups should raise traditional venture capital
“I talk about my one nine 90 rule where I say around one percent of startups should go after venture, about 90% should bootstrap, and I think about nine percent should raise probably some type of funding. Maybe that's tiny seed, maybe it's angels, but it's like…”
Rob Walling Jan 14, 2025 ▶ 25:06 Episode 748 | The Ins and Outs of Startup Investing
Jan 21, 2025 positive
Disclosure
Walling: MicroConf uses Dynamite Jobs for full-time and Upwork for part-time
“If I'm doing a full-time, you know, W-II employee hire, we go through Dynamite Jobs remote-first recruiting, just because finding full-time people is so time-consuming. But if we're hiring part-time, we tend, we being MicroConf Tiny Seed, And even, you know, b…”
Rob Walling Jan 21, 2025 ▶ 7:15 Episode 750 | Making Your First Hire, Testing Prices, And More Li...
Jan 21, 2025 positive
Insight
Walling: SaaS companies usually only need one core value metric
“We do pricing teardowns at the kickoffs for TinySeed, and one of the biggest repeated things we see is too much. There's too many value. You don't need three value metrics usually. It's like, let's try it. Why do we have that one? Oh, that's because a competit…”
Rob Walling Jan 21, 2025 ▶ 18:35 Episode 750 | Making Your First Hire, Testing Prices, And More Li...
Jan 21, 2025 bullish
Disclosure
Walling: MicroConf pivoted to LinkedIn after YouTube growth plateaued at 90,000 subscribers
“We pick one new thing to attack, and we did YouTube for two and a half years, and then, you know, until it plateaued around 90,000, and then we are looking at LinkedIn next, and we're going all in. Like, we hired a LinkedIn consultant. We are spending thousand…”
Rob Walling Jan 21, 2025 ▶ 28:43 Episode 750 | Making Your First Hire, Testing Prices, And More Li...
Jan 23, 2025 positive
Insight
Walling: Hiring from your network still requires a formal interview process
“I like hiring out of your network, I just think you want the officialness of it, because as you said, otherwise you don't exactly know what you're getting, and maybe you're doing the candidate a disservice a bit.”
Rob Walling Jan 23, 2025 ▶ 21:40 Episode 751 | TinySeed Tales s4e2: From Developer to Manager
Feb 4, 2025 positive
Assertion Not checkable as stated
No TinySeed company has reverted to freemium after eliminating its free plan
“And several tiny seed companies have done this. And I say tiny seed companies because I have pretty detailed insight into what they're doing and how they're doing it and the results of it. And any of them that remove their free plan, even for existing users, h…”
Rob Walling Feb 4, 2025 ▶ 5:32 Episode 754 | Broken Freemium, SaaS Plateaus, and More Listener Q...
Feb 4, 2025 bearish
Assertion Not checkable as stated
TinySeed data shows SaaS startups have low odds of breaking growth plateaus
“The moment you plateau, the odds of you getting past that plateau are actually quite low, at least from the analysis that I did.”
Rob Walling Feb 4, 2025 ▶ 22:38 Episode 754 | Broken Freemium, SaaS Plateaus, and More Listener Q...
Feb 6, 2025 positive
Disclosure
Walling: TinySeed raising Fund III after deploying nearly $42M across prior funds
“We are currently raising our third fund after having raised and mostly deployed almost forty-two million dollars across our prior funds.”
Rob Walling Feb 6, 2025 ▶ 0:18 Episode 755 | TinySeed Tales s4e4: Customer Interviews + Pivoting
Feb 11, 2025
Assertion Not checkable as stated
Walling: 60% to 70% of TinySeed Batch Startups Have Flawed Pricing
“With new tiny seed batches, there's usually like 60, 70% of the batch is like, something's off. We might either need to raise or like our value metric is off, or like there's something, or I have too many value metrics.”
Rob Walling Feb 11, 2025 ▶ 30:11 Episode 756 | Why Great Product Management Is Critical for Your S...
Feb 11, 2025 neutral
Insight
Rob Walling: SaaS startups do not need a product manager before $1M ARR
“Is that you don't need a product person before a million ARR, and usually I see it between one and two million, somewhere in there, and it depends a lot on the product.”
Rob Walling Feb 11, 2025 ▶ 12:50 Episode 756 | Why Great Product Management Is Critical for Your S...
Feb 13, 2025 negative
Insight
Schnettler learned developers are a difficult market to sell software to
“We spent a first year, before we were, we hooked up with TinySeed, we spent a year trying to sell this as a Ruby gem to developers. But they're a hard market to sell to.”
Colleen Schnettler Feb 13, 2025 ▶ 9:15 Episode 757 | TinySeed Tales s4e5: Founder Breakups, Crushing Fai...
Feb 13, 2025 neutral
Disclosure
Schnettler shut down a $20k monthly consulting business for TinySeed funding
“I even walked away from 20 K a month, you know, for our, when we were consulting. I shut that down.”
Colleen Schnettler Feb 13, 2025 ▶ 6:43 Episode 757 | TinySeed Tales s4e5: Founder Breakups, Crushing Fai...
Feb 18, 2025 positive
Insight
Walling: Successful founders ship quickly and are right 60% of the time
“The tiny seed founders we see succeeding. They do a lot of things, they ship a lot of things relatively quickly, and they're right the majority of the time. And by majority, I say it on this podcast over and over, it is not 90%. You know, it's some number. It'…”
Rob Walling Feb 18, 2025 ▶ 16:58 Episode 758 | Do Free Trials Suck?, What Moves the Needle, and Mo...
Feb 20, 2025 neutral
Insight
Walling: Bootstrapped companies fail when founder motivation runs out
“Funded companies fail when they run out of money. Bootstrapped companies fail when the founder runs out of motivation.”
Rob Walling Feb 20, 2025 ▶ 17:20 Episode 759 | TinySeed Tales s4e6: Does AI + Pivot = Success?
Feb 25, 2025
Disclosure
Walling: TinySeed is raising Fund III after deploying nearly $42M
“We are currently raising our third fund after having raised and mostly deployed almost forty-two million dollars across our prior funds.”
Rob Walling Feb 25, 2025 ▶ 15:58 Episode 760 | White-Labeling, Founder Mindset, and More Listener...
Feb 25, 2025 positive
Assertion Not checkable as stated
Walling: Around 15% of TinySeed Portfolio Companies Exceed $1M ARR
“The number is right around 15% of companies that we have backed are above A million ARR. They're seven or eight figure annual recurring revenue SaaS companies.”
Rob Walling Feb 25, 2025 ▶ 19:15 Episode 760 | White-Labeling, Founder Mindset, and More Listener...
Mar 13, 2025 neutral
Assertion Not checkable as stated
Walling: No failed startup founder ever regrets moving or shipping too fast
“When I've asked other founders when they're, after their business has shut down, you know, what are things that you regret or that you would do differently? I've never once heard them say, I would have executed more. So we moved too fast. We shipped too many t…”
Rob Walling Mar 13, 2025 ▶ 24:50 Episode 765 | TinySeed Tales s4e9: Making the hardest decision
Mar 13, 2025
Disclosure
Schnettler terminated a $250k contract one year after joining TinySeed
“I had that like quarter million dollar contract when we joined tiny seed, which is probably why we got into tiny seed. But anyway and I killed that a year in, you remember, we talked about it”
Colleen Schnettler Mar 13, 2025 ▶ 14:25 Episode 765 | TinySeed Tales s4e9: Making the hardest decision
Mar 25, 2025 positive
Assertion Not checkable as stated
Walling: TinySeed wins almost all deals despite competing funds offering higher valuations
“They will match or beat our offers, right? It's like, we make an offer and then they're like, well, obviously I'll give you a higher valuation because they have to. And yet we win almost all those deals.”
Rob Walling Mar 25, 2025 ▶ 31:39 Episode 767 | Finding Your ICP, Prioritizing Feature Requests, Pr...
Mar 25, 2025 positive
Insight
Walling: Vertical SaaS faces less competition and hones ICP easier than horizontal
“This is also why I believe horizontal SAS is so much harder. Like if you're building Sinewell, right, Ruben Gomez has, it's a competitor to DocuSign. Horizontal electronic signature, like, Can he possibly have one ICP? Probably not. Versus if I'm vertical... T…”
Rob Walling Mar 25, 2025 ▶ 21:04 Episode 767 | Finding Your ICP, Prioritizing Feature Requests, Pr...
Mar 25, 2025 positive
Assertion Open · timeframe Mar 2028
Walling: TinySeed has made 192 investments, Fund 3 will back 100+ founders
“We've made a 192 investments to date, and Fund Three is slated to invest in well over a hundred B to B SaaS founders over the next few years.”
Rob Walling Mar 25, 2025 ▶ 0:36 Episode 767 | Finding Your ICP, Prioritizing Feature Requests, Pr...
Apr 1, 2025
Assertion Supported
Walling: TinySeed currently manages $42 million in assets
“TinySeed raised funding, right, we have currently forty-two million dollars under management, and the management fees from that allowed us to hire someone more senior.”
Rob Walling Apr 1, 2025 ▶ 18:23 Episode 768 | Reacting to Controversial Startup Advice
Apr 22, 2025 negative
Assertion Not checkable as stated
Walling: Software patents cost $20k-$30k and are rare across TinySeed
“I don't know of any other tiny C company with patents, and we've invested a 192 of them. It's very uncommon. They cost 20 to 30 grand each, give or take, and I don't know, what is it, a year, 18 months?”
Rob Walling Apr 22, 2025 ▶ 26:21 Episode 771 | What Changes As You Grow, AI Agents, Patents, and M...
Apr 22, 2025 bearish
Disclosure
Walling: TinySeed's custom AI model investments were decimated by GPT-4o
“We get a lot of AI applicants, and some of them are developing their own models, like custom models that they're training, and I'll be honest, I don't know how many of those we've invested in, it's a small number, low single digits, let's say. I think all of t…”
Rob Walling Apr 22, 2025 ▶ 21:24 Episode 771 | What Changes As You Grow, AI Agents, Patents, and M...
Apr 22, 2025
Insight
Walling: Companies need written culture rules once reaching 15 to 20 people
“I think there's a point between 15 and 20 where if we are not communicating that, if we have If the people at the top, let's say Anar and myself and, you know, Tracy and Alex on the accelerator side, if we are not directly doing the hiring and training, and it…”
Rob Walling Apr 22, 2025 ▶ 12:03 Episode 771 | What Changes As You Grow, AI Agents, Patents, and M...
May 13, 2025 neutral
Insight
Walling: Lacking a technical co-founder is early SaaS's biggest headwind
“With single non-technical founders or founding teams that don't have a technical founder, this is the biggest headwind consistently, you know, and we see it with tiny seed founders as well.”
Rob Walling May 13, 2025 ▶ 10:15 Episode 774 | How a Non-Technical Founder Bootstrapped to Million...
May 13, 2025 positive
Assertion Not checkable as stated
Walling: Social Snowball is TinySeed's biggest anti-portfolio miss at $5M-$10M ARR
“You are definitely at the top, one of the top of the list here in the Anteprofolio because doing five to ten million and growing as fast as you are is just super, super impressive.”
Rob Walling May 13, 2025 ▶ 20:36 Episode 774 | How a Non-Technical Founder Bootstrapped to Million...
May 13, 2025 neutral
Insight
Walling: Raising prices merely fixes underpricing, unlike actually moving upmarket
“There's a difference between raising your prices and going up market. Those are two different things. They can be the same, but a lot of times you are just underpriced for the market. You're charging 29, you can charge 49 to the exact same customer base, same …”
Rob Walling May 13, 2025 ▶ 25:59 Episode 774 | How a Non-Technical Founder Bootstrapped to Million...
May 20, 2025 neutral
Assertion Not checkable as stated
Walling: Only one out of 204 TinySeed startups ran physical on-prem servers
“Of all the tiny C companies, 204 investments we've done, there was one founder who had physical servers, and the reason was, is it was like three years ago, and he was doing AI and needed physical GPUs, because it was way too, he built his own model.”
Rob Walling May 20, 2025 ▶ 29:14 Episode 775 | A.I. Coding Tools, User Experience, Racking Your Ow...
May 27, 2025
Disclosure
Walling: TinySeed backed 204 companies, ~20-30 monetize via GMV cuts
“We backed 204 companies through TinySeed, and I'm guessing there's like Maybe 20 or 30 that do this, you know, where they have, they take a cut of GMV in essence”
Rob Walling May 27, 2025 ▶ 18:33 Episode 776 | How Bootstrapping Led to a Life-Changing $90M SaaS...
Jun 17, 2025 positive
Assertion Not checkable as stated
Walling: TinySeed 7-figure founders personally handled marketing, sales, and product
“We have dozens of tiny seed companies that are doing seven or eight figures in ARR and almost everyone. And I think maybe everyone, the founders did the marketing sales and product into seven figures.”
Rob Walling Jun 17, 2025 ▶ 20:20 Episode 779 | 10 Myths Most SaaS Founders Believe
Jul 8, 2025
Assertion Not checkable as stated
Walling: Over 95% of TinySeed SaaS investments had no launch audience
“95 plus percent of the SaaS companies that I've invested in had no social media audience, no personal brand audience. When they launched, they still don't, and they're still wildly successful, and there's dozens of seven and eight figure SaaS companies in Tiny…”
Rob Walling Jul 8, 2025 ▶ 9:29 Episode 782 | Why I Succeeded: My 10 Best Entrepreneurial Decisio...
Jul 15, 2025 positive
Disclosure
DeWulf: ScrapingBee never touched its funding due to rapid organic growth
“We had only, I don't know, 15 K in the bank when we received it. We were lucky enough because growth meant we haven't actually touched it.”
Pierre DeWulf Jul 15, 2025 ▶ 20:09 Episode 783 | Bootstrapping ScrapingBee to $5M ARR and an 8-Figur...
Jul 15, 2025 negative
Insight
Walling: Having an audience doesn't get you very far in SaaS
“I don't put a lot behind having an audience per se, right, to build SaaS, because it's like, you can only sell to a very small portion of that, and it doesn't actually Get you very far”
Rob Walling Jul 15, 2025 ▶ 12:35 Episode 783 | Bootstrapping ScrapingBee to $5M ARR and an 8-Figur...
Jul 15, 2025 neutral
Disclosure
Walling: TinySeed sees quarterly cease-and-desists and co-founder implosions across its portfolio
“204 investments, I think, just through TinySeed. We see a cease and desist at least once a quarter, sometimes every two months, just because it's a lot of large numbers. Now we also see co-founders implode about once a quarter and we see, you know, an app get …”
Rob Walling Jul 15, 2025 ▶ 29:02 Episode 783 | Bootstrapping ScrapingBee to $5M ARR and an 8-Figur...
Jul 15, 2025 positive
Assertion Supported
ScrapingBee grew from $8K MRR to $1M ARR in 15 months
“And then my memory was even after I have some notes here from producer Ron that after a year, after the tiny seed year, you were only at about eight K MRR, but then 15 months after that, you were at a million ARR.”
Rob Walling Jul 15, 2025 ▶ 13:16 Episode 783 | Bootstrapping ScrapingBee to $5M ARR and an 8-Figur...
Jul 29, 2025 negative
Assertion Not checkable as stated
Rob Walling: 75% to 80% of founders joining TinySeed undercharge or misprice
“Most makers, most developers, and most early-stage founders undercharge for their product, and so that's kind of the rule of thumb that we see, you know, coming into TinySeed, for example, which is something that I've tracked pretty closely. It's like, 75, 80%…”
Rob Walling Jul 29, 2025 ▶ 19:18 Episode 785 | Choosing Between AI Products, Building Multiple App...
Jul 29, 2025 positive
Assertion Not checkable as stated
Walling: Only 1 or 2 TinySeed companies regret raising prices
“In all of the times that I've seen tiny seed companies raise their pricing, because we do encourage them to, and not just blindly, but it's kind of obvious, you know, you kind of get a feel for what something maybe should be charged, or at least the range, and…”
Rob Walling Jul 29, 2025 ▶ 20:16 Episode 785 | Choosing Between AI Products, Building Multiple App...
Aug 12, 2025 positive
Disclosure
Dennis: Fiscal.ai raised $200K from TinySeed with only $10K in the bank
“I think it was 200 K that we raised from you guys. And so at that time now, nowadays I'm like, that's like, what do I do with that? Right. But at that time, when you have 10,000 in the bank, it's everything, right?”
Braden Dennis Aug 12, 2025 ▶ 33:59 Episode 787 | "We Shut Down a $1.5M Product, and Raised $10M Inst...
Aug 19, 2025 negative
Assertion Not checkable as stated
Walling: Non-technical founders inevitably struggle most with code maintainability and security
“And the ones that don't, the 10, 15% that don't, Code maintainability, code velocity, security, just all this stuff is there, is always their number one issue, inevitably.”
Rob Walling Aug 19, 2025 ▶ 11:25 Episode 788 | Do I Need a Co-founder? And More Listener Questions...
Aug 19, 2025 negative
Disclosure
Walling: Five-person startups should never hire from 500-person companies
“If I run a five person team, almost without exception, I will not hire someone from a 500 person team. Just won't do it, because retraining that culture, that thinking, that there is no process, you have to do your stuff, is so very hard. And so, again, I say …”
Rob Walling Aug 19, 2025 ▶ 45:28 Episode 788 | Do I Need a Co-founder? And More Listener Questions...
Aug 19, 2025 positive
Assertion Not publicly verifiable
Walling: Half of TinySeed-funded companies are run by solo founders
“We have funded gobs of single founder companies, and I don't remember the exact number, but it's probably 50%, if I'm guessing, are single founder, and another 35% are two founder, if I were to just ballpark it, so that puts us to 85, maybe even more, maybe it…”
Rob Walling Aug 19, 2025 ▶ 20:09 Episode 788 | Do I Need a Co-founder? And More Listener Questions...
Aug 19, 2025 neutral
Disclosure
Walling: 85-90% of TinySeed portfolio companies have a technical founder
“And it's the same thing we see with tiny seed companies across, 204 companies we funded, and I think 300 something founders, and 85 to 90% of the companies have at least one technical founder.”
Rob Walling Aug 19, 2025 ▶ 11:12 Episode 788 | Do I Need a Co-founder? And More Listener Questions...
Aug 19, 2025 negative
Assertion Not checkable as stated
Walling: All no-code SaaS apps funded by TinySeed eventually require rewrites
“We've funded a handful, and I don't know the exact numbers, but it's five or less Of no code, code bases. No code apps, I guess I would call them, you know, that are built in air table, bubble, that kind of stuff. And all of them have been rewritten or will ne…”
Rob Walling Aug 19, 2025 ▶ 16:46 Episode 788 | Do I Need a Co-founder? And More Listener Questions...
Aug 21, 2025 neutral
Insight
Walling: Accelerators with broad business models lose deep operational granularity
“The moment that you rise up one layer of abstraction, you lose granularity, and two hours on churn makes no sense if there's a biotech company next to you, and a hardware company on the other side, and a two-sided marketplace on the other side, and a B to C co…”
Rob Walling Aug 21, 2025 ▶ 9:01 Episode 789 | TinySeed Tales s5e1: From Agency to SaaS
Aug 21, 2025 neutral
Disclosure
Walling: TinySeed requires all funded founders to commit full-time
“That's why we require any founder we invest in to fully commit to their idea.”
Rob Walling Aug 21, 2025 ▶ 13:59 Episode 789 | TinySeed Tales s5e1: From Agency to SaaS
Sep 11, 2025 positive
Assertion Not checkable as stated
Walling: TinySeed returned over 100% of Fund 1
“We recently returned more than 100% of our first Tiny Seed fund.”
Rob Walling Sep 11, 2025 ▶ 0:23 Episode 795 | TinySeed Tales s5e4: The $20K Milestone
Sep 11, 2025 bullish
Assertion Not checkable as stated
Kenney: Outbound Sync hits $20K MRR ahead of schedule
“20 K, let's go. I don't know. I'm still sinking in, but really, really feeling a little overwhelmed, and also like, what's the next thing about hitting 20 K MRR? So yeah, hit it ahead of schedule. Had been hoping to hit this in May, that had been, you know, ki…”
Harris Kenny Sep 11, 2025 ▶ 1:35 Episode 795 | TinySeed Tales s5e4: The $20K Milestone
Sep 18, 2025 positive
Assertion Not checkable as stated
OutboundSync Reaches Profitability at $35k MRR on Schedule in June 2025
“My timeline was right, so I joined Tiny Seed, spring 24 batch, We went to San Diego in May, which was awesome. At that time when I left, I thought to myself, I want to be profitable, like, a year from now, which was June, 25. I thought the number Was 30, it wa…”
Harris Kenny Sep 18, 2025 ▶ 6:26 Episode 797 | TinySeed Tales s5e5: Should I Raise More Funding?
Sep 18, 2025 positive
Assertion Not checkable as stated
Kenny: OutboundSync Averages 10% to 20% Monthly Growth Since October 2023
“So if I go back to our first month of revenue, which was October, twenty-twenty-three, well, I mean, we have been between 10 and 20% growth on average throughout that whole time. There's like a couple exceptions. The third month was a down month, and then like…”
Harris Kenny Sep 18, 2025 ▶ 10:04 Episode 797 | TinySeed Tales s5e5: Should I Raise More Funding?
Sep 23, 2025 negative
Disclosure
Walling: TinySeed Bans Founders Managing Multiple Unrelated SaaS Products
“That's the entire thesis of Tiny Seed, of course, is to get people to focus and not, you know, we don't allow folks in who are going to bring in multiple products, unless the products are an ecosystem, right, are highly related to each other, but just scattere…”
Rob Walling Sep 23, 2025 ▶ 17:25 Episode 798 | Lessons From 10 Years of SaaS Growth Without a Hock...
Oct 7, 2025 negative
Insight
Walling: Co-founder vesting without a one-year cliff destroys startup fundability
“If you find a co-founder have vesting. Have four-year vesting with a one-year cliff, such that they, you know, if things don't work out after a few months, they don't walk away with a big chunk of your company. We have seen tiny seed applicants that we were un…”
Rob Walling Oct 7, 2025 ▶ 31:03 Episode 801 | Competing Against Incumbents, Technical Co-Founders...
Oct 7, 2025 negative
Assertion Not checkable as stated
Walling: VC-funded competitor slashed prices to one-third of TinySeed startup
“We had a tiny seed company, there was a competitor, that competitor raised like ten million in venture, and they did just drop their prices to a third Of the tiny sea company, and they did a lot of damage there.”
Rob Walling Oct 7, 2025 ▶ 11:17 Episode 801 | Competing Against Incumbents, Technical Co-Founders...
Oct 7, 2025
Assertion Not checkable as stated
Walling: Only 2% to 5% of TinySeed portfolio companies register trademarks
“I mean, within TinySeed, if I were to guess, it's two percent of companies, or five percent, like, it's a minuscule, minuscule number.”
Rob Walling Oct 7, 2025 ▶ 41:17 Episode 801 | Competing Against Incumbents, Technical Co-Founders...
Nov 4, 2025 positive
Assertion Not checkable as stated
Walling: Some TinySeed founders have had bigger exits than him
“There are tiny seed founders that have sold their companies for more money than I've ever sold a company for. There are tiny seed founders that have more money in the bank. Than I have in the bank.”
Rob Walling Nov 4, 2025 ▶ 23:20 Episode 805 | Gatekeeping vs. Paying Dues, Raw Material, and Surr...
Nov 18, 2025 neutral
Assertion Not checkable as stated
Walling: Successful TinySeed SaaS Founders Did Not Outsource Core Skills Below $1.5M ARR
“And when I go down this list, none of them hired for or outsourced any of these core for, Before they were doing about one and a half to two million ARR.”
Rob Walling Nov 18, 2025 ▶ 6:36 Episode 807 | The "Core Four" SaaS Skills and Knowing When You Sh...
Nov 25, 2025 neutral
Assertion Not checkable as stated
Only 10-15% of TinySeed portfolio companies have SOC 2 or ISO
“Across my entire portfolio, TinySeed Plus private investments, I'm about to be at like, two 34, two 35. Companies. And probably, if I were to guess, it's maybe 10%, 15% of those have a, like a SOC II or an ISO.”
Rob Walling Nov 25, 2025 ▶ 18:49 Episode 808 | A $500k "Step 1" Business, When to Consider SOC2, a...
Nov 25, 2025 neutral
Assertion Not checkable as stated
Virtually zero founders in the TinySeed ecosystem hold patents
“And this is why approximately zero founders in the MicroConf TinySeed Startups and Restless Ecosystem have patents. There are some exceptions. That's why I say approximately zero. So yes, you can, I can point out two right now, but there are More than what is …”
Rob Walling Nov 25, 2025 ▶ 26:37 Episode 808 | A $500k "Step 1" Business, When to Consider SOC2, a...
Dec 2, 2025 positive
Assertion Not checkable as stated
Walling reveals Castos generates low seven figures in annual recurring revenue
“And you were season one of Tiny Seed Tales, and you're now doing low seven figures of ARR.”
Rob Walling Dec 2, 2025 ▶ 3:47 Episode 809 | What I Learned Diving into A.I. for 100 Days (with...
Dec 9, 2025 negative
Insight
Bootstrappers should model themselves after resource-constrained founders, not Apple or Basecamp.
“Don't model yourself after Apple. Because they also have infinity resources to do things. Model after people who are constrained and who have solely, you know, like a Derek Reimer, any tiny C company, maybe some of the indie hackers that have taste, I don't kn…”
Rob Walling Dec 9, 2025 ▶ 19:22 Episode 810 | The Best A.I. Coding Stack, Shipping Fast, and More...
Dec 16, 2025
Disclosure
Walling: TinySeed asks startup applicants if their code is vibe-coded before investing
“TinySeed has funded a couple no-code codebases, and I don't honestly know the exact number. It might be two, and it may be a size four. I don't think we've funded a Vibe Coded code base. We, we're now asking that in interviews because I want to know if you're …”
Rob Walling Dec 16, 2025 ▶ 29:55 Episode 811 | When to Delegate the "Core Four SaaS Skills," Freem...
Dec 16, 2025 neutral
Insight
Walling: Founders should not delegate product management before $1M-$3M ARR
“I think you're probably, it's definitely one to two million is the earliest. I would consider bringing someone else in to start making product decisions, what you build, in what order, getting customer feedback, understanding your space, deciding how things ar…”
Rob Walling Dec 16, 2025 ▶ 17:36 Episode 811 | When to Delegate the "Core Four SaaS Skills," Freem...
Dec 16, 2025 neutral
Insight
Walling: SaaS founders should keep marketing strategy in-house until $1.5M-$2M ARR
“The earliest I've seen any of them really bring someone in to collaborate on strategy, and I'll say they didn't hand it off completely, but it's probably about, certainly above a million ARR. I would lean towards 1.5 to maybe two million ARR, and this depends …”
Rob Walling Dec 16, 2025 ▶ 16:39 Episode 811 | When to Delegate the "Core Four SaaS Skills," Freem...
Dec 16, 2025 bearish
Opinion
Walling: Startups cannot reliably reach $1M ARR using no-code or vibe-coding
“I do not think you can get to a million in ARR in any repeatable fashion. There's probably one example that someone could bring up, but as a rule, I think this experience is going to be a very common one.”
Rob Walling Dec 16, 2025 ▶ 29:46 Episode 811 | When to Delegate the "Core Four SaaS Skills," Freem...
Dec 23, 2025 positive
Disclosure
Walling: Around 80% of TinySeed applicants come through referrals and audience channels
“More than 75% of our applicants come from referrals from Tiny Seed alumni, from MicroConf, or MicroConf YouTube, from Startups for the Rest of Us, from other word-of-mouth referrals, or from our social media, or email lists, or my books, or my email list, and …”
Rob Walling Dec 23, 2025 ▶ 15:50 Episode 812 | The 2025 State of TinySeed
Dec 23, 2025 negative
Insight
Walling: Unsupervised AI-coded software becomes unmaintainable within 6 to 18 months
“And it's okay to use AI to code as long as a, like an engineer is supervising slash running that process, because we know That you can have AI build you something, and we know that in six, 1218 months it will become very, very hard to maintain. Feature velocit…”
Rob Walling Dec 23, 2025 ▶ 11:56 Episode 812 | The 2025 State of TinySeed
Dec 23, 2025
Disclosure
Walling: TinySeed closes Fund 3, backs over 210 B2B SaaS companies
“We've just recently closed our fund three, which is our fourth fund technically, because fund naming is just, it's a thing. And we've invested in more than 210 B to B SaaS companies. I believe the number is probably two 11 or two 12.”
Rob Walling Dec 23, 2025 ▶ 4:03 Episode 812 | The 2025 State of TinySeed
Dec 23, 2025
Disclosure
Walling: Most TinySeed fund investors are current or exited founders
“Most of our investors are founders themselves or were founders who have exited.”
Rob Walling Dec 23, 2025 ▶ 8:27 Episode 812 | The 2025 State of TinySeed
Dec 23, 2025 positive
Insight
Walling: Vertical SaaS Delivers Stronger Exits and Lower Churn Than Horizontal
“Horizontal B to B SaaS is very hard. And at a certain point, a lot of competitors are in your space, and It becomes hard to grow. And so vertical and orthogonal SaaS, we've seen stronger exits, we've seen folks able to get further and have lower churn and all …”
Rob Walling Dec 23, 2025 ▶ 19:23 Episode 812 | The 2025 State of TinySeed
Dec 23, 2025
Disclosure
Walling: Under 10% of TinySeed Portfolio Companies Raise Follow-On Rounds
“It's a little less than 10% of all Tiny C companies have raised follow-on rounds, and we fully support our founders when they want to do that, but that's not what we're optimizing for, unlike most other accelerators.”
Rob Walling Dec 23, 2025 ▶ 19:06 Episode 812 | The 2025 State of TinySeed
Dec 23, 2025
Disclosure
Walling: TinySeed has raised nearly $60M across all funds
“And we've raised now across all our funds, Just under sixty million dollars”
Rob Walling Dec 23, 2025 ▶ 8:07 Episode 812 | The 2025 State of TinySeed
Dec 23, 2025 positive
Assertion Not checkable as stated
Walling: TinySeed's acceptance rate is lower than Harvard's 3.5%
“We accept a lower percentage of applicants than Harvard does, so Harvard accepts about three and a half percent, and we are Below that, which puts us in a pretty privileged position that I take very seriously.”
Rob Walling Dec 23, 2025 ▶ 14:44 Episode 812 | The 2025 State of TinySeed
Dec 23, 2025 bullish
Disclosure
Walling: TinySeed has fully returned Fund 1 plus net profits
“We are in a Pretty unique position of having survived this long and having returned fund one at this point and return more than fund one. We returned actual investment returns to our fund one investors”
Rob Walling Dec 23, 2025 ▶ 10:08 Episode 812 | The 2025 State of TinySeed
Dec 23, 2025
Disclosure
Walling: TinySeed's Fall 2025 Batch Has Zero Horizontal SaaS Companies
“Across these 10 we have approximately zero horizontal companies. They all are vertical or orthogonal, I believe actually all 10 of these are vertical, ranging from retail stores to first responders to jewelers to IT service teams to cannabis growers and distri…”
Rob Walling Dec 23, 2025 ▶ 20:05 Episode 812 | The 2025 State of TinySeed
Dec 30, 2025 bearish
Insight
Bootstrapped Horizontal SaaS Typically Plateaus Between $500K and $2M ARR
“It is an exception that I'm seeing when a horizontal, mostly bootstrapped company is able to continue growth and not plateau in that, the ranges depend on the size of the market and all this, but it's half a million, a 1,000,002 million, and they plateau hard,…”
Rob Walling Dec 30, 2025 ▶ 13:37 Episode 813 | SaaS Predictions for 2026 (+ Reflections on 2025)
Dec 30, 2025 bearish
Prediction Not checkable as stated
Bootstrapped Horizontal SaaS Will Face Massive Headwinds in 2026
“So my first prediction is that bootstrapped and mostly bootstrapped horizontal SaaS will experience massive headwinds in twenty-twenty-six.”
Rob Walling Dec 30, 2025 ▶ 12:47 Episode 813 | SaaS Predictions for 2026 (+ Reflections on 2025)
Jan 6, 2026 positive
Insight
Walling: Bringing Bootstrapper Pragmatism to Venture Capital Is a Superpower
“Now that I have like raised funding with tiny seed and I see companies that raise a few million, you know, we have a bunch of tiny seed companies that have done this. If you do it well, if you think about it like a bootstrapper, and you approach it like Laura …”
Rob Walling Jan 6, 2026 ▶ 16:39 Episode 814 | How to Beat a Venture-Backed Competitor (with Laura...
Feb 10, 2026 neutral
Disclosure
Walling: TinySeed's latest fund only invests in C-Corps
“And in fact, with our latest fund that we raised, that we just closed, that fund only invests in C-Corps.”
Rob Walling Feb 10, 2026 ▶ 8:47 Episode 819 | QSBS, Exit Multiples, How to Learn Marketing, and M...
Feb 24, 2026 neutral
Assertion Not checkable as stated
Walling: Under 5% of TinySeed's 210 SaaS companies built an audience
“Across TinySeeds, 210 companies, there were like four percent of those, maybe five, I think it was just under five percent, that had any type of audience Or have ever built any type of audience, and yet we have dozens of companies doing six, I mean, sorry, doi…”
Rob Walling Feb 24, 2026 ▶ 20:42 Episode 821 | How to Do Founder-Led Marketing (with Jay Clouse)
Mar 3, 2026 bearish
Assertion Not checkable as stated
Every successful no-code or AI vibe-coded startup inevitably requires a rewrite
“Every company that I've invested in or otherwise had visibility into that has been no code or has been poorly coded, I will say, I'm just going to assume that AI vibe coding is poorly coded and hard to maintain long term. That may or may not be correct. But wh…”
Rob Walling Mar 3, 2026 ▶ 11:44 Episode 822 | No-code vs. A.I. Coding, SaaS Margins in the A.I. A...
Mar 3, 2026
Disclosure
TinySeed targets $1M to $3M valuations for 10% to 12% equity
“We do 10 to 12% for, what is it, 120 to, usually two 20, so the valuation, I think that's one to two million, or one to two and a half million, you get it. And the two and a half 1,000,003 million dollar valuations we've done, someone had a hundred K of MRR wh…”
Rob Walling Mar 3, 2026 ▶ 26:24 Episode 822 | No-code vs. A.I. Coding, SaaS Margins in the A.I. A...
Mar 17, 2026 negative
Disclosure
Walling: TinySeed explored and rejected launching an RBF debt fund
“Einar and I at one point, this is six, seven years ago, talked about should we raise a debt fund, right, and have Tiny Seed Capital. I don't know what we call it, but whatever, you know, you get the idea. Tiny Seed RBF. And when we looked at the amount that we…”
Rob Walling Mar 17, 2026 ▶ 14:38 Episode 824 | Crowded Markets, Problem Aware, A Stolen Idea, and...
Mar 17, 2026 neutral
Assertion Not checkable as stated
Walling: Only 4% of 210 TinySeed startups use social media marketing
“Of the 210 companies That Tiny Seed has invested in, it's like, I think it's just over four percent have any type of social media marketing or any type of audience. The other 96%, they just market, they do SEO, they do cold outbound, they do advertise, you kno…”
Rob Walling Mar 17, 2026 ▶ 21:34 Episode 824 | Crowded Markets, Problem Aware, A Stolen Idea, and...
Mar 31, 2026 neutral
Disclosure
Walling: TinySeed manages nearly $60M AUM and 210 investments with 11 staff
“Tiny team, think of like MicroConf and TinySeed is nine full-time people and two part-time. And we have invested in 210 B to B SaaS companies in the last seven years. We run all the MicroConf events in addition to mastermind matching and connect. We push out t…”
Rob Walling Mar 31, 2026 ▶ 23:58 Episode 826 | How to Find, Hire, and Work with Owner-Level Thinke...
Apr 28, 2026 bearish
Assertion Not checkable as stated
Walling: Almost no TinySeed startups have built MCP or CLI integrations
“How few, even tiny seed startups that are like, bleeding edge, Almost none of them have MCP and CLI, and the ones that do have two users, three users, is not, we are not nearly as far as Twitter would have you believe, right? We're like, oh, everyone's buildin…”
Rob Walling Apr 28, 2026 ▶ 26:01 Episode 830 | Breaking Through Plateaus, Zero-Click Marketing, an...
May 19, 2026 bullish
Prediction Not checkable as stated
Walling: Blinkmetrics will successfully pivot to a productized consulting model
“I think Blinkmetrics is going to make this work. I mean, they really are on that trajectory.”
Rob Walling May 19, 2026 ▶ 12:15 Episode 833 | Success Patterns of Nobel Laureates, Developing Exp...
Jun 2, 2026
Insight
Hendrickson: SaaS founders tend to coast after reaching $20k-$40k MRR
“Once they hit the 20, 30, 40,000 MRR, Life's good. They don't have to worry about the day to day as much, and you don't have that kind of like broke fire burning under them as much. So they kind of just limit themselves naturally for that, or they'll like natu…”
Taylor Hendrickson Jun 2, 2026 ▶ 18:03 Episode 835 | The Right Way to Use AI in Your Startup Marketing
Jun 23, 2026 positive
Disclosure
Walling: B2B SaaS companies are already seeing measurable referral traffic from LLMs
“TinySeed companies, as well as TinySeed itself, and MicroConf, and this podcast, and Rob Walling, are all getting referrals and traffic from LLMs, ChatGPT, Claude, etc.”
Rob Walling Jun 23, 2026 ▶ 18:31 Episode 838 | 6 Key Takeaways From a TinySeed Batch Kick-Off
Jun 23, 2026
Assertion Not checkable as stated
Walling: 80% of TinySeed accelerator startups enter with flawed pricing
“About 80% of any batch has an issue with the pricing.”
Rob Walling Jun 23, 2026 ▶ 5:06 Episode 838 | 6 Key Takeaways From a TinySeed Batch Kick-Off
Jun 23, 2026 positive
Insight
Walling: Low-touch SaaS startups should test hiding their lowest pricing tier
“One quick way to test whether that lower end, that bottom end pricing plan is doing you good or harm, is to just hide it. Just hide a div on your pricing page. And watch your numbers. This is obviously where it's like a lower touch sign up, you know, this is n…”
Rob Walling Jun 23, 2026 ▶ 17:25 Episode 838 | 6 Key Takeaways From a TinySeed Batch Kick-Off
Jun 23, 2026 positive
Assertion Not checkable as stated
Walling: 22% of TinySeed-backed startups currently generate seven or eight figures ARR
“Of all the tiny seed companies we've backed, something like 22% are now doing seven or eight figures of ARR.”
Rob Walling Jun 23, 2026 ▶ 24:01 Episode 838 | 6 Key Takeaways From a TinySeed Batch Kick-Off
Jun 23, 2026
Assertion Supported
Walling: TinySeed has funded 217 startups; Walling hits 241 personal investments
“It brings our total number of companies funded to 217, and now myself up to 241 investments in SaaS companies.”
Rob Walling Jun 23, 2026 ▶ 2:52 Episode 838 | 6 Key Takeaways From a TinySeed Batch Kick-Off
Jul 7, 2026 neutral
Assertion Not checkable as stated
Walling: 70–80% of TinySeed Companies Start Pricing in the Single-Digit Hundreds
“Most businesses these days that get into TinyC do have price points in the single digit hundreds, kind of as their low end. That's not a, always, that's not a hundred percent, but it, maybe it's 70 to 80% of companies.”
Rob Walling Jul 7, 2026 ▶ 6:18 Episode 840 | 5 PM Revisited, Starting Over After Failure, Never...
Jul 14, 2026 negative
Insight
Lifetime deals become an addiction for SaaS founders chasing upfront cash
“By the time you get there, like, cut the lifetime, cut the one time deal, but it becomes addictive, right? Because it's a lot of cash, because you're getting your whole lifetime value. Up front.”
Rob Walling Jul 14, 2026 ▶ 18:48 Episode 841 | One-time Payments, Growing a Step 2 Business, Posit...
Jul 28, 2026
Insight
Walling: Successful founders execute rapidly and are right 60% of the time
“Generally, the people who succeed, they do a lot of things, and they're right more often than not. Not all the time, but they're right. They can be right 60% of the time, but they just do a lot of and the founders, and they're not flailing.”
Rob Walling Jul 28, 2026 ▶ 26:54 Episode 843 | Success Patterns of $1M+ SaaS Founders
Aug 18, 2026
Disclosure
Walling: MicroConf and TinySeed employ about 10 North American W-2 staff
“Between MicroGump and TinySeed, there are, I think there are 10 of us And people make full-time salaries. You know, these are mostly W-II folks living in North America, so it's not cheap.”
Rob Walling Aug 18, 2026 ▶ 8:22 Episode 846 | Snail Mail, Cold Calling, Regulating Your Nervous S...
Aug 25, 2026
Assertion Supported
TinySeed has raised nearly $60 million in total funding.
“We've raised almost sixty million dollars.”
Rob Walling Aug 25, 2026 ▶ 7:25 Episode 847 | What Second Time Founders Do Differently, Pricing A...
Aug 25, 2026
Disclosure
Rob Walling earns significantly less from TinySeed than he did from Drip.
“And in fact, the profit that I get, the earnings I get from TinySeed are significantly less than I made when I was building Drip.”
Rob Walling Aug 25, 2026 ▶ 7:46 Episode 847 | What Second Time Founders Do Differently, Pricing A...
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