A firmly held belief in the venture capital world is that founding teams perform better than solo founders. It’s believed that founding teams offer a breadth of experience and industry skills that a solo founder can never possess alone.

While that may be true, founding teams also experience a wide range of challenges. Data shows that 60% of new ventures fail because of team issues. Also, data shows that solo founder teams bring in more revenue than founding team pairs. This article strives to debunk the myths surrounding investment in founding teams.

Some TinySeed companies go on to raise further funding, and we also quite often see investment opportunities that fall outside our core thesis that is quite exciting. The TinySeed Syndicate is for those kinds of investments, and any accredited investor can now apply to join.

TinySeed’s mission is to increase the world’s population of independent SaaS companies, giving capital-efficient startups an option between bootstrapping and raising traditional venture capital. We’re proud to announce a dedicated arm of our accelerator with a dedicated Program Manager to support founders in European timezones.

Mailchimp’s historic exit not only demonstrates the power of bootstrapping but also reinforces TinySeed’s investment thesis. Nearly any other kind of business would need to raise tens of millions to attain a billion-dollar exit like Mailchimp. But, given the capital-efficient nature of B2B SaaS, Mailchimp was able to achieve a venture-level return without significant dilution.

We’re excited to announce we’ve raised our second fund, totaling more than $25M, allowing us to invest in and support 100+ companies over the next three years across North and South America. Notable investors include Bloomberg Beta, Eric Ries, Patrick McKenzie, Steli Efti, and Rand Fishkin.

Over time successful venture firms raise larger and larger funds, quickly running into the 99 investor limit, and forcing their investment minimum higher. These high minimums concentrate this wealth creation opportunity to super high net worth individuals and institutional investors, excluding accredited investors who cannot afford to write such a large check. We’re looking into how we can change this law.

In the past 18 months, we’ve backed 23 fast-growing SaaS companies out of nearly 1600 applications. And we would have funded dozens more if we’d had the capital at our disposal. That’s why we’re raising our second fund.

In the last 15 months, we’ve backed 23 fast-growing SaaS companies across two continents. We’ve proven out our model — in fact, we would have funded dozens more from our nearly 1600 applications if we’d had the investment capital. Now we’re raising our second fund so we can continue to invest in a broad index of hundreds of hand-picked independent SaaS companies using our simple, founder-friendly terms.

If you read the mainstream tech press, it feels like there is a constant stream of startup acquisitions in the news. The sheer volume of these stories can make you think that you hear about most of the startup acquisitions that happen. Although our gut feel was that the software industry was much larger than most assume, we didn’t really have a good grasp of how much larger. So we decided to find out.