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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