Insulating our recording studio with dollar bills
Bootstrappers are extending their runway with a new type of funding.
Jon and Justin respond to the new funding options available for bootstrappers, mainly Earnest Capital.
The GP, Tyler Tringas, told us what types of companies he's looking to invest in:
The GP, Tyler Tringas, told us what types of companies he's looking to invest in:
- Organic customer acquisition channels
- Low levels of structural churn (ready to stay customers for a long period of time)
- Founder is a good fit
- Product launched and has revenue
- In a space that Tyler feels comfortable with
They're looking for a 3x-5x return from their investment; which they'll take from founder earnings. (Read more about that here)
Show notes:
- Underground gangsters cave in Austin, TX
- Article: New forms of funding for bootstrappers
- Buffer buying out investors
- DHH on Earnest Capital
- Indie VC: companies we invest in grow way faster
- DHH tweet on paying meager salaries
- Earnest Capital
- Tyler Tringas' introductory blog post
- YouTube Livestream
- Indie.vc
- Tiny Seed Fund
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