Not all accelerators are created equal and founders looking for the best experience will find it in those which are entrepreneurial by nature.
Take TinySeed for example, a new early-stage venture fund unveiled last fall by local tech entrepreneur Rob Walling.
After years of starting stuff, Walling moved here with a family of four from California after his marketing software company Drip was purchased by Leadpages in 2016. Following his earn-out period, Walling teamed with Einar Vollset to debut TinySeed, an accelerator program designed for bootstrappers; from an interview last fall:
“Positioned as “the next generation startup accelerator,” TinySeed will provide founders with financial, social, and peer-driven capital under a cohort model. Designed for “people who haven’t raised money yet, and don’t wish to ever raise venture capital (i.e. institutional money),” it’s targeting a class of companies and entrepreneurs who self-fund their pursuits, sometimes known as “bootstrapping.”
More recently, the SEC published a filing indicating that TinySeed ended up raising $3.7m for their first fund, which gives them considerable dry powder in the seed stage realm of things. Walling said that during the ~6 week application window (Jan-Feb), they received about 900 applications from all over the world and are now making offers to and signing docs with their first class.