Episode 558 | Thinking Through Funding as a Bootstrapper
Startups For the Rest of Us
Rob Walling
4.9 • 819 Ratings
🗓️ 13 July 2021
⏱️ 43 minutes
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| 0:00.0 | Welcome to this week's episode of Startups for the Rest of Us. I'm Rob Walling. This week, I have a great |
| 0:04.7 | conversation with Anar Bolset. If you don't recall, Aner Volset is my co-founder with Tiny Seed, |
| 0:10.4 | and he's also the founding partner of Discretion Capital, which is an advisory firm that advises |
| 0:16.3 | SaaS founders who are in, let's say, the $1 2 million and up AARR range when they decide that they |
| 0:21.7 | want to sell. And you need people who know what they're talking about, and Aner is one of them. |
| 0:26.6 | And the fun part about our conversation today is we bat around funding for bootstrappers. |
| 0:31.7 | And really specifically, there's been a couple conversations I've had over the past couple of |
| 0:35.5 | months that have gotten me thinking about talking about this on the show, |
| 0:38.8 | because obviously this funding has become much more viable for bootstrappers. It's not just bootstrap or venture path. |
| 0:45.7 | There's this whole thing in the middle that we talk about. Tiny Seeds is obviously part of that. |
| 0:50.7 | And I think there's still confusion and misconceptions. And it's just amorphous and often hard to understand what's going on and kind of some of the realities of it. And I think there's still confusion and misconceptions and it's just amorphous and often hard to |
| 0:54.8 | understand what's going on and kind of some of the realities of it. And so we spend this whole |
| 0:58.9 | episode batting around, hey, when should a bootstrapper think about raising funding? When should |
| 1:02.2 | they not? When is it a good fit? And we talk a little bit about terms and, you know, how much founders |
| 1:06.9 | should think about raising and just everything we're seeing. And the cool part is he and I have pretty different perspectives. I mean, I guess we share perspectives on a lot of things being, |
| 1:14.6 | you know, the co-founders of Tiny Seed. But I also have, you know, a lot of experience with other |
| 1:19.7 | angel investments that I made before Tiny Seed that are still around. And I see different examples |
| 1:24.7 | there. And he has experience with his discretion work and |
| 1:29.4 | even the companies that he started before Tiny Seed. So my hope is that it is helpful in |
| 1:35.0 | just providing a little more of a level set and some more thoughts on this topic. So with that, |
| 1:41.8 | let's dive into my conversation with Anar Volset. |
| 1:45.3 | Anar, thanks for joining me once again on startups for the rest of us. |
... |
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