After funding 210+ B2B SaaS companies, what patterns have emerged?

In this episode, Rob Walling shares the 2025 State of TinySeed, from its first fund in 2018 to a global portfolio of over 210 B2B SaaS companies. He reflects on TinySeed’s growth, what the data reveals about today’s founders, funding trends, and the rise of AI-first startups.

Topics we cover:

(1:46) – How TinySeed began and the doubts it faced
(3:51) – Growing to 210+ portfolio companies and $60M raised
(11:15) – The rise of AI-first startups and “vibe-coded” apps
(13:09) – Record application numbers and founder trends in 2025
(19:58) – Why vertical SaaS is outperforming horizontal SaaS
(21:59) – The importance of founder community and shared experience
(25:06) – How TinySeed and MicroConf create long-term founder connections

Links from the Show:

Apply to TinySeed
Invest in TinySeed
TinySeed Mentors Accelerator Program Details — TinySeed
TinySeed Portfolio
The SaaS Playbook by Rob Walling
MicroConf - Community for Bootstrapped SaaS Founders

If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you!

Subscribe & Review: iTunes | Spotify

Episode 812 | The 2025 State of TinySeed

Startups For the Rest of Us