The TinySeed Syndicate
At TinySeed we operate several funds, all with the same underlying thesis: Invest broadly into the earliest stages of B2B SaaS companies worldwide.
Typically, the kinds of companies we back are early stage — usually $2k-35k MRR at the time of application (although the full range is much wider) — and those companies join our year-long remote accelerator in batches. The TinySeed Funds do not invest directly into any TinySeed company that decides to raise additional funding (a so-called “follow-on” round), or make any other kinds of investments.
However, some TinySeed companies do go on to raise further funding. We also quite often see investment opportunities that fall outside our core thesis that are quite exciting.
These kinds of investment opportunities may be later stage (e.g. > $1m ARR), looking for secondary liquidity (i.e. the founders take some money off the table) or simply larger investments than TinySeed funds make (our fund average is $160k, we expect some of the Syndicate deals to raise > $1m USD).
The TinySeed Syndicate is for those kinds of investments, and we encourage any accredited investor to apply (though there are some benefits for TinySeed LPs specifically).
Unlike being an investor in our core funds, being a member of the syndicate means you can pick and choose which deals you want to be part of. Every deal that comes through the Syndicate will be structured as an SPV managed by AngelList.
Join Us On AngelList:
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Because you want to see “TinySeed like” investment opportunities – capital efficient B2B SaaS companies at all stages of growth, as well as stay informed on which TinySeed companies are raising follow-on funding.
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No. TinySeed LPs are those that are invested in any of our core TinySeed Funds.
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TinySeed LPs get the first look at all deals, and also get a discount on the Carry charged.
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Yes, if you don't already have one.
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Probably – contact us at: https://tinyseed.com/invest
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SPV stands for Special Purpose Vehicle, and is the corporate structure (usually an LLC) through which investments are made. We will create (through AngelList) a new SPV for each deal. The per-SPV fee is currently $8k, and will be shared pro-rata among investors who participate in that SPV. We reserve the right to change our fees if and when the need arises.
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No. As a syndicate backer, you are investing in membership units of the SPV when then invests in the company on behalf of its members.
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Minimums will vary, but range from $2,500.
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“Carry” is short for carried interest which is a share of the profits. Non TinySeed LPs' carry is 20% (with a 1x return hurdle).
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TBD, but we're hoping to do 1-2 a month as we get up and running.
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Yes, as long as you meet the U.S. SEC accreditation requirements.
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Yes! We will setup a more formal process for doing this, but for now, please email Einar: einar@tinyseed.com
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Yes! We will give you 10% of our carry for any deals you bring to the Syndicate where: a) you are the first person to suggest the company, b) we are not already in contact with the company (obviously includes all TinySeed companies...) and c) we fund the company.
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For now, yes. Being able to reference your name when we reach out makes things easier. If you feel very strongly about a company that you aren’t in touch with then we may waive this requirement on a case by case basis.
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$250k to $5m.
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Yes.