Thoughts on Funding Options for Bootstrappers with Rob Walling

Summary

The TMBA team talk with Rob Walling (co-founder of Drip, host of Startups For The Rest Of Us) about his new accelerator for startups, TinySeed.

Why should you listen?

Interesting to hear Rob’s views on venture capital and where his new project, TinySeed, fits into the startup ecosystem.

3 lessons…

  • If you’re giving up equity for cash, also look for deals that include mentorship, network access and technical help.
  • Believe in your product but never let your ego get so attached that you can’t pivot when you need to.
  • Going for VC funding isn’t for everyone (and VC’s don’t want everyone) but some capital injection can ease the pressure to get things built, without giving too much of your business away.

A few weeks ago, Dan and Ian had a conversation on this podcast where they shared some of their feelings about venture capital.

This is an important topic to a lot of entrepreneurs, and it's one that we plan to cover a lot more throughout 2019.

Some of the opinions we shared in that episode were rather controversial. Several of our listeners actually called us out on being a little bit vague about our thoughts, and we thought it was a good chance to revisit the topic.

One of the people that reached out to us about that episode was Rob Walling.

Rob is someone who should be very familiar to the listeners of this show. He hosts one of our favorite podcasts, Startups for the Rest of Us, organizes his own annual conference called MicroConf, and has previously owned and sold several startups, including a Software-as-a-Service company called Drip.

Rob has also recently started his own startup accelerator fund called TinySeed, which is specifically designed to help bootstrappers grow their businesses.

On today's show, Rob has joined us to share his thoughts about venture capital, bootstrapping, and what he hopes to accomplish with TinySeed.