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Indie Hackers

#163 – Bootstrapping from an Investor’s Point of View with Rob Walling of TinySeed

Indie Hackers

Courtland Allen and Channing Allen

Startups, Entrepreneurship, Makers, Indie, Bootstrapping, Online, Technology, Business, Founders, Bootstrappers, Ideas, Tech, Indiehackers, Hackers

4.9606 Ratings

🗓️ 28 May 2020

⏱️ 59 minutes

🧾️ Download transcript

Summary

Rob Walling (@robwalling) spent years bootstrapping successful SaaS businesses, and today he's helping others do the same as the founder of TinySeed, the first accelerator for bootstrappers. In this episode, Rob and I discuss common misconceptions about fundraising, how to succeed as a founder from an investor's point of view, and why now is the best time to be an indie hacker.

Transcript

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0:00.0

What's up everybody? This is Cortland from NDHackers.com and you're listening to the

0:11.7

EndieHackers podcast. On this show, I talked to the founders of profitable internet businesses,

0:16.4

and I try to get a sense of what it's like to be in their shoes. How do they get to where they are today?

0:37.9

How did they make decisions, both of their companies and in their personal lives, and what exactly makes their businesses tick? And the goal here, as always, is so that the rest of us can learn from their examples and go on to build our own profitable internet businesses. If you've been enjoying the IndieHackers podcast and you want an easy way to support the show, you should leave a review for us on iTunes.

0:40.0

Probably the fastest way to do that if you're on a Mac is just go to NDHackers.com

0:43.5

slash review and that will open up iTunes for you.

0:46.3

Today I'm talking to Rob Walling.

0:48.5

Rob came on the show about a year ago to discuss his almost two decades long journey

0:52.4

building and selling profitable online businesses

0:55.1

and culminating in the sale of drip, his latest company, to the tune of many millions of dollars.

1:00.8

Rob is also the founder of MicroConf, the world's largest conference for bootstrappers,

1:05.1

and more recently is the founder of Tiny Seed, the only startup accelerator for bootstrappers.

1:09.5

The way Tiny Seed works is Rob invests in a bunch of

1:13.1

companies who all joined together as a single cohort. And then over the course of a year, they

1:17.2

work together to build their companies and grow them into something bigger. I think it's a super

1:21.4

cool model. And Rob is particularly interesting to talk to you because as an investor, he gets to see

1:27.2

what works and what

1:28.2

doesn't work across a wide array of companies, whereas most people have on the podcast can only

1:32.9

really extrapolate from a sample size of one. They're only one person and they can only tell you

1:36.5

about their experiences. So I hope that you enjoy the episode. I think there's a lot to learn

1:41.4

from the perspective of an investor.

1:49.6

Last week, you told me that you have over 700 audiobooks in your Audible account. What does that say about you, Rob, and also how many of those books have you actually listened to?

...

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