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A few months ago, I raised a low 6-figure investment for Podscan. Here's the conversation between me and my investor, @tylertringas, that happened just before I signed the contract.You usually don't get to listen in for one of those. Today, you will.Tyler and I discuss how the Calm Company Fund navigates the alignment challenge between founders and investors, what makes a business like Podscan investable, and the risks of funding a portfolio of niche bootstrapped businesses.Tyler on X: https://x.com/tylertringas00:00:00 Bootstrapper-Compatible Funding00:06:23 Profit Sharing and Standardizing Investment Agreements00:12:53 Investor-Founder Alignment & Site Projects00:22:30 Side Project Management in Investments00:28:18 Early Stage Financing Investment Considerations00:40:50 Valuation and Investment Strategy Art00:48:19 Entrepreneurial Collaboration and Forward PlanningThis episode is sponsored by Acquire.comThe blog post: https://thebootstrappedfounder.com/negotiating-bootstrapper-funding-with-tyler-tringas/ The podcast episode: https://tbf.fm/episodes/328-negotiating-bootstrapper-funding-with-tyler-tringas You'll find my weekly article on my blog: https://thebootstrappedfounder.comPodcast: https://thebootstrappedfounder.com/podcastNewsletter: https://thebootstrappedfounder.com/newsletterMy book Zero to Sold: https://zerotosold.com/My book The Embedded Entrepreneur: https://embeddedentrepreneur.com/My course Find Your Following: https://findyourfollowing.comHere are a few tools I use. Using my affiliate links will support my work at no additional cost to you.- Notion (which I use to organize, write, coordinate, and archive my podcast + newsletter): https://affiliate.notion.so/465mv1536drx- Riverside.fm (that's what I recorded this episode with): https://riverside.fm/?via=arvid- TweetHunter (for speedy scheduling and writing Tweets): http://tweethunter.io/?via=arvid- HypeFury (for massive Twitter analytics and scheduling): https://hypefury.com/?via=arvid60- AudioPen (for taking voice notes and getting amazing summaries): https://audiopen.ai/?aff=PXErZ- Descript (for word-based video editing, subtitles, and clips): https://www.descript.com/?lmref=3cf39Q- ConvertKit (for email lists, newsletters, even finding sponsors): https://convertkit.com?lmref=bN9CZw
Tyler Tringas (@tylertringas) invests in bootstrapped businesses. Wait… Aren't those supposed to NOT take investment money? What's going on here?Alignment is what's going on. Where traditional VC's often have very different goals from founders, funds like Tyler's Calm Company Fund focus on helping niche software businesses that don't chase hypergrowth. Instead, Tyler supports those who want to build calm and profitable ventures. You know, the regular kind of business. The one that focuses on making money.In our chat, we dive into how bootstrapping and investment go together, how a fund manager makes investment decisions, why NoCode is a massive business accelerator and how the Calm Fund has adapted over its 5-year history.Tyler on Twitter: https://twitter.com/tylertringas00:00:00 Sustainable Businesses With Calm Company Fund00:07:53 Rethinking Valuations and Company Building00:18:04 Investment Strategy and Sustainability00:25:33 Challenges and Opportunities in Fund Mentoring00:29:31 Challenges of Saying No to Founders00:34:36 Investor Alignment and Profit Sharing00:44:51 Exploring AI and No-Code Tools00:51:10 Navigating the Future of Calm CompaniesThis episode is sponsored by Acquire.comThe blog post: https://thebootstrappedfounder.com/tyler-tringas-investing-in-bootstrapped-saas/The podcast episode: https://tbf.fm/episodes/304-tyler-tringas-investing-in-bootstrapped-saasThe video: https://youtu.be/K-TZXmN2kJsYou'll find my weekly article on my blog: https://thebootstrappedfounder.comPodcast: https://thebootstrappedfounder.com/podcastNewsletter: https://thebootstrappedfounder.com/newsletterMy book Zero to Sold: https://zerotosold.com/My book The Embedded Entrepreneur: https://embeddedentrepreneur.com/My course Find Your Following: https://findyourfollowing.comHere are a few tools I use. Using my affiliate links will support my work at no additional cost to you.- Notion (which I use to organize, write, coordinate, and archive my podcast + newsletter): https://affiliate.notion.so/465mv1536drx- Riverside.fm (that's what I recorded this episode with): https://riverside.fm/?via=arvid- TweetHunter (for speedy scheduling and writing Tweets): http://tweethunter.io/?via=arvid- HypeFury (for massive Twitter analytics and scheduling): https://hypefury.com/?via=arvid60- AudioPen (for taking voice notes and getting amazing summaries): https://audiopen.ai/?aff=PXErZ- Descript (for word-based video editing, subtitles, and clips): https://www.descript.com/?lmref=3cf39Q- ConvertKit (for email lists, newsletters, even finding sponsors): https://convertkit.com?lmref=bN9CZw
Michele gives another update on the Section 174 effort and chats with Tyler Tringas and Arvid Kahl. Huge thanks to Justin Jackson and Corey Haines for sending out the letter to their newsletters! Subscribe to their newsletters:Corey's newsletter: https://www.corey.co/Justin's newsletter: https://justinjackson.ca/newsletter
Tyler Tringas is the founder and general partner of Calm Fund. Prior to starting Calm to invest in software companies looking to grow sustainably & profitably, Tyler started and sold Storemapper. Find Tyler's Twitter here Learn more about Calm here
Founder Summit was one of the best conferences I've attended because it's built on the idea that a conference is really about the relationships, not the headline speakers. Tyler Tringas, founder of Calm Company Fund, takes us through how Founder Summit came together and where it's going next.Watch this episode on YouTubeTyler Tringas:Tyler's company, Calm Company FundTyler on Twitter: @tylertringasBrian Casel:Brian's company, ZipMessageBrian on Twitter: @casjamThanks to ZipMessage (today's sponsor). ZipMessage is the video messaging tool that replaces live calls with asynchronous conversations. Use it free or tune into the episode for an exclusive coupon for Open Threads listeners.
From bootstrapping and selling a SaaS to… Starting a fund for bootstrapped SaaS companies. Tyler Tringas talks about that transition and what he's learned since starting and growing Calm Company Fund.Watch this episode on YouTubeTyler Tringas:Guest's company, Calm Company FundGuest on Twitter: @tylertringasBrian Casel:Brian's company, ZipMessageBrian on Twitter: @casjamThanks to ZipMessage (today's sponsor). ZipMessage is the video messaging tool that replaces live calls with asynchronous conversations. Use it free or tune into the episode for an exclusive coupon for Open Threads listeners.
This episode was sponsored by Calm Fund, an ecosystem of founders and funders of profitable, sustainable, calm businesses. Calm Fund invests early in profitable businesses that want to maximize their chances of success and build for the long-term. Calm Fund was founded by an exited indie SaaS founder, Tyler Tringas. Michele Hansen is one of the many indie SaaS founders who are investors/mentors in Calm Fund.You can learn more about Calm Fund at https://calmfund.com/ and apply for funding at https://apply.calmfund.com/, no warm intro needed.Follow Damon: https://twitter.com/damengchenFollow Michael: https://twitter.com/MichaelRouveureFollow Calm Fund: https://twitter.com/calmfund
Tyler Tringas is the GP and founder of The Calm Company Fund. He's building an ecosystem of founders and funders of profitable, sustainable, calm businesses.★ Support this podcast ★
There's a fairly linear relationship between what's going on in the stock market and what's going on in the world of venture capital and private tech investing. When tech stocks plunge and the IPO window closes, then that hits valuations -- everything from late stage companies to those earlier in their trajectory. But there's more than just a declining stock market that's bedeviling the VC world right now. Numerous excesses from the boom of the last decade, including an influx of new money into the VC space, now have to be worked out. On this episode, we speak with Tyler Tringas, founder of the Calm Fund, about the excesses that now need to be paid back. See omnystudio.com/listener for privacy information.
Michael Girdley (@Girdley) is joined by Tyler Tringas (@tylertringas), Calm Fund GP & Founder, to talk about how the calm fund works as an alternative to VC, lessons running in-person & online events, why to live in CDMX, how to raise money as a founder, how to hire as a tech founder, and much more! ----- Thanks to our sponsor! * Harbor Capital is a hyper-focused Class B industrial real estate investment firm. They are building a portfolio of quality industrial assets in the four big cities in Texas. Their work is focused on generating strong cash flow, while being hyper-focused on safe and secure assets that could weather a downturn. The founders have built a reputation for delivering consistent value to investors with more than $400M in real estate investments in the last 20 years. https://harborcap.com/contact/index.html https://harborcap.com/ ----- * Do you love The Michael Girdley Show and want to see our smiling faces? Subscribe to our Youtube channel. * Do you enjoy our content? Rate our show! * Follow us on Twitter @GirdleyShow Find success in small business investing and entrepreneurship. ----- Show Notes: 0:39 - Harbor Capital 1:50 - Tyler Tringas 4:01 - How can you define a “Calm” company? 6:24 - How do you incubate non-high-growth companies? Can you translate the model out of software companies? 10:02 - The economics of online membership communities are insane 13:30 - What is Calm Fund really doing? Is it a smart version of growth PE? 21:20 - Where do you find passion in entrepreneurship? 26:00 - What are the challenges of raising money and trying to grow superfast in current market conditions? Are there systemic risks? How do you manage effective communication? 33:50 - In person events: How do you make it work? What is the impetus for this? 38:30 - What is your goal with the events? Are you seeking profit, beaking even? Which structures did you put in place for it to work accordingly? 44:00 - Best practices on running your own conference 49:40 - Let's talk about running and scaling a company 53:00 - What's so special about hiring people from SMBs? 57:11 - Any mental models on bootstrapping a company? 1:00:30 - Long term compounding: What sets a brand apart from the competition? 1:07:15 - How do we think about burnout in the tech industry? ----- Links: * https://calmfund.com/ ----- Past guests on The Michael Girdley Show include Jesse Tinsley, Rob LaBonne, Matthew Weidert, Craig Fuller, Sam Bacon, Cayse Llorens, and more. ----- Additional episodes you might enjoy: #31 I wish I had learned 10 years ago about Pricing Power - Jay Vas shares his clear thinking in this one - The Michael Girdley Show #24 The recruiter of choice: How JobMobz helps Silicon Valley companies grow so quickly - The Michael Girdley Show e24
Mixergy - Startup Stories with 1000+ entrepreneurs and businesses
I’m talking to an entrepreneur who built and sold a company in public. The company was called Storemapper. We’re going to talk about how he did that but I also want to know more about what he decided to do afterward. Today, Tyler Tringas is the founder of Calm Company Fund, an ecosystem of founders and funders of profitable and sustainable businesses. Tyler Tringas is the founder of Calm Company Fund, an ecosystem of founders and funders of profitable and sustainable businesses. Sponsored byLemon.io – Why squander time and money on developers who aren't perfect for your startup? Let Lemon match you with engineers that can transform your vision into reality — diabolically fast. Go to Lemon.io/mixergy for a 15% discount on your first 4 weeks with one of their devs. Masterworks – Masterworks is the first platform making it possible to invest in multimillion-dollar works from artists like Banksy, Kaws, Basquiat, and many more. It’s an exclusive community that allows investors to access multimillion-dollar paintings, buy and potentially sell shares on Secondary Market, and receive proceeds if and when the painting sells. Join the community at Masterworks.art/mixergy More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint
Tyler learned from experience how challenging it can be to raise traditional venture capital, even if you have a great business idea. That's why he founded the Calm Company Fund with the goal of investing in and being a support network for bootstrapping entrepreneurs. Tyler describes the bootstrapper mindset as optimizing for sustainability, focusing on employee retention and treating customers well.Links to learn more about Tyler Tringas:Tyler's LinkedInTyler's TwitterTyler's WebsiteCalm Company Fund websiteFollow us: twitter.com/wistiaSubscribe: wistia.com/series/talking-too-loudLove what you heard? Leave us a review!We want to hear from you! Write in and let us know what you think about the show, who you'd want us to interview on future episodes, and any feedback you have for our team.
Oxide and Friends Twitter Space: September 13th, 2021Docker, Inc., an Early EpitaphWe've been holding a Twitter Space weekly on Mondays at 5p for about an hour. Even though it's not (yet?) a feature of Twitter Spaces, we have been recording them all; here is the recording for our Twitter Space for September 13th, 2021.In addition to Bryan Cantrill and Adam Leventhal, speakers on September 13th included Steve Tuck, Tom Lyon, Dan Cross, Josh Clulow, Ian, Nick Gerace, Aaron Goldman, Drew Vogel, and vint serp. (Did we miss your name and/or get it wrong? Drop a PR!)Some of the topics we hit on, in the order that we hit them: Topic: Scott Carey's article How Docker broke in halfMore by Carey on Docker: Docker Desktop is no longer free for enterprise users What is Docker? The spark for the container revolution Andrej Karpathy's tweet showing InfoWorld.com spamming ads Carey talked to: Solomon Hykes (Docker cofounder with Sebastien Pahl) Ben Golub (Docker CEO 2013-2017) Craig McLuckie (Kubernetes cofounder) Nick Stinemates (early employee and former VP of Business Development) [@5:21](https://youtu.be/l9LTJdT0sZ8?t=321) Akira Kurosawa's 1950 Rashomon ~90mins. Watch a 2min trailer Box office bomb “The Hottie and the Nottie” movie. Other stinkers: Gigli, Gotti [@9:31](https://youtu.be/l9LTJdT0sZ8?t=571) Jerry Kaplan's 1996 book Startup: A Silicon Valley Adventure Steve's take on commercialization > Bryan: There's no question that they hit on something very big. > We saw a container as an operational vessel, but we failed to see > a container as a development vessel. [@14:36](https://youtu.be/l9LTJdT0sZ8?t=876) dotCloud (PaaS) struggles to find a buyer; ultimately open sources as last resort > All of a sudden a company that nobody had heard of, > was a company that everybody had heard of. They took too much money. [@17:40](https://youtu.be/l9LTJdT0sZ8?t=1060) Pitfalls in raising money and scaling sales by imitating big companiesHBO's Silicon Valley Clip ~1min with Jan the Man, Keith, and Doug (I'm shadowing Keith) > Everybody should be spending time arm in arm with customers understanding > how is this technology going to solve a problem > which they'll want to pay to have a solution. Tom: Was there actually a business anyways? Or was it just technology? What if developers are attracted to those things they know cannot be monetized? There was this belief that if a technology is this ubiquitous, it will be readily monetizable. [@27:26](https://youtu.be/l9LTJdT0sZ8?t=1646) Docker Swarm and Kubernetes > Hykes: We didn't work at Google, we didn't go to Stanford, > we didn't have a PhD in computer science. Stinemates: (The Kubernetes team) had strong opinions about the need for a service level API and Docker technically had its own opinion about a single API from a simplicity standpoint. We couldn't agree. DockerCon 2015: No mentioning Kubernetes! Brendan Burns' talk “The distributed system toolkit: Container patterns for modular distributed system design” was unfortunately made private by Docker sometime in the last two years. The internet archive only has this. Burns wrote a blog post about the topics from his talk. rkt (“Rocket”), CoreOS [@36:11](https://youtu.be/l9LTJdT0sZ8?t=2171) Docker coming to market Enterprise teams wanted support Initial support offerings were expensive and limited (no after hours, no weekends) > Bryan: I floated to Solomon in 2014: run container management as a service. Rancher Labs, K3s (lightweight kubernetes) People care about GitHub stars (for better or worse) [@48:02](https://youtu.be/l9LTJdT0sZ8?t=2882) Monetizing open source technologies Triton implementing the Docker API The support relationships are the foothold to figure out the product. [@54:36](https://youtu.be/l9LTJdT0sZ8?t=3276) Venture capital going into DockerDocker acquires Tutum Product market fitAcquisitions [@1:04:42](https://youtu.be/l9LTJdT0sZ8?t=3882) Could the outcome have been materially different? Who made money on Docker? Cloud companies? Developers? VMware acquires Heptio Who invented containers? BSD Jails, Plan9 namespaces? Tyler Tringas' post about how small teams can create value with little outside investment, as a result of the Peace Dividend of the SaaS Wars. If we got something wrong or missed something, please file a PR! Our next Twitter space will likely be on Monday at 5p Pacific Time; stay tuned to our Twitter feeds for details. We'd love to have you join us, as we always love to hear from new speakers!
As the world's economy is remade via software, some founders are finding the one-way ratchet of venture capital too restrictive. Tyler Tringas is working to expand funding options available to entrepreneurs via the Calm Fund. He joins Mark and Adam to talk about a return to classic good business practices; how founders can maximize their optionality; building an investment thesis out in the open; and how to be long-term ambitious. @MuseAppHQ hello@museapp.com Show notes Tyler Tringas @tylertringas Calm Fund Mexico City digital nomad, slowmad Earnest Capital rebrand bootstrapper, indie hacker building in public Small Giants episode brand episode lifestyle business The Entrepreneur's new path of maximum optionality the peace dividend of the SaaS wars B2D two-sided market red ocean winner takes all craigslist, Thumbtack covertible note, SAFE Shared Earnings Agreement (SEAL) Calm's crowdfunding campaign 12factor profit-sharing plans co-op carried interest Joe Wallin Calm Company Express
On episode 4, season 2 of the Founders Forward Podcast, we welcome Tyler Tringas. Tyler is the founder and General Partner at Calm Company Fund (formerly Earnest Capital). The Calm Company Fund invests in exactly what it sounds like — "profitable, sustainable, calm businesses." Tyler offers a unique perspective as someone who invest in companies that may not be the huge companies that a traditional venture capitalist eyes. He joins us to break down what exactly a "calm" business is, the current market dynamics that are creating more need for funders like Calm Company Fund, and much more. Our CEO, Mike Preuss, had the opportunity to sit down and chat with Tyler. You can give the full episode a listen below:
The Top Entrepreneurs in Money, Marketing, Business and Life
Tyler Tringas is the General Partner of Earnest Capital. Earnest ( Full disclosure - an investor in Makerpad) is creating a new way to help fund bootstrappers by combining venture and debt instruments that allow founders of profitable SaaS companies to leverage capital to grow without having to be set on the path of never ending capital raising and dilution. Tyler started Earnest after 5 years of bootstrapping my own SaaS business, Storemapper which he sold. You can read the whole story here. Ben and Tyler talk about the future of building profitable companies, no-code as a segment and all things SaaS.
www.vchunting.com/tyler-tringas - for full Field Notes of the interview!
Transistor.fm founder Justin Jackson (@mijustin) goes head-to-head with Earnest Capital investor Tyler Tringas (@tylertringas) on the topic of picking the right market. The decisions you make when you're just getting started on a project carry the most weight and might affect your life for years to come. How big of a market should you target? How important of a problem should you solve? What does Justin mean when advises working on a "main dish" instead of a "side dish?" And how do a serial founder's views on this topic differ from an investor's?Transcript, speaker information, and more: https://www.indiehackers.com/podcast/152-tyler-tringas-and-justin-jackson
We also talk about the following questions: In what ways is a university a tribe? Are entrepreneurs lone wolves? Do entrepreneurs start out questioning assumptions more than most people? What are the best practices of turning a niche into a profitable and sustainable company? When does a piece of Software become mission-critical? Follow Tyler here: https://twitter.com/tylertringas
Happy Holidays from the upside team!Last year, we shared an episode called: JE006: eight crazy months of upside. This year, we're back and sharing the 12 episodes of Christmas — 12 exceptionally notable episodes we recommend listening to again.The episodes mentioned, in order: CC033: Alex Rubalcava of Stage Venture Partners // investing in early-stage enterprise software UP050: opendorse // helping athletes share more content (feat. Braxton Miller of the Philadelphia Eagles) CC007: the rise of platform in venture capital // a Coffee Chat with Stephanie Manning (Lerer Hippeau) CC032: Kate Shillo Beardsley of Upslope Ventures // scaling early stage investments across the country CC024: investing in the picks and shovels of esports and gaming // a Coffee Chat with Josh Chapman (Konvoy Ventures) UP043: inKind // redesigning restaurant financing with House Accounts (feat. Kevin Tien of Himitsu and Hot Lola's) CC016: a new source of funding and optionality for early stage founders // a Coffee Chat with Tyler Tringas (Earnest Capital) and Kevin McArdle (SureSwift Capital) UP024: Intrinio // powering fintech innovation with access to financial data UP046: MITO Material Solutions // chemical additives for tougher composites UP042: Threatcare // automated third-party threat detection CC017: building a world class venture firm in Chicago // a Coffee Chat with Ezra Galston (Starting Line) UP008: Loop Returns // creating the perfect ecommerce customer returns experience (live from Columbus Podcast Festival) Follow upside on Twitter: https://twitter.com/upsidefmTake our listener survey: https://upside.fm/surveyAdvertise with an upside classified: https://upside.fm/classifieds
Tactics for startup company growth. Tyler Tringas shares good and bad tactics for startup growth and profitable business models.
Stair step business building. Tyler Tringas, co-founder of Earnest Capital, stresses important aspects of building a business aside from just the idea.
Tyler Tringas (@tylertringas) may not look like Tarzan, but that hasn't stopped him from expertly swinging from vine to vine. Since we last spoke in episode 10, Tyler transitioned from founder to investor, sold his SaaS business, and is helping to spearhead a whole new approach to funding indie hacker businesses. In this episode, Tyler and I discuss the existing VC model and why it doesn't work for bootstrappers, a new funding model that bootstrappers should all be paying attention to, and why he's betting that "90% of startups fail" should no longer be the accepted wisdom.Transcript, speaker information, and more: https://www.indiehackers.com/podcast/131-tyler-tringas-of-earnest-capital
Tyler is the founder and General Partner at Earnest Capital, where he makes seed-stage investments in bootstrappers, indie hackers, makers, and real businesses.
Derrick’s short notice about not co-hosting this episode because of being on a plane, and Ben not knowing or planning what to discuss, who and what’s left? Updates and reports on Tuple and Tailwind. Welcome back Adam Wathan! Today’s Topics Include: Today’s Trend: Advisor/investor/founder journals and reports of accomplishments Serves as a way to stay in touch, build relationships, ask questions, and get feedback Three Tuple Reports Later: Things are still going good Programming meets Business: Gary Bernhardt commits to being future podcast guest Successful Tuple Shipments: Significant use of Webcam feature Pricing Options: Ben expresses concern over free trials or pre-paid plans to capture credit cards and emails Invite-only vs. Public Launch: Continue as is, or open Tuple up to all Tuple Update: Revenue is growing quickly, receiving 70-100 support tickets weekly, and room to add customers Tailwind Update: Adam launched first set of videos for Tailwind CSS course Tailwind Subscription/Price Structure: Yet to be determined Adam’s Prediction: Education and documentation determine open source winner Links and resources: Adam Wathan on Twitter (https://twitter.com/adamwathan) Full Stack Radio (http://www.fullstackradio.com/) Tailwind CSS (https://tailwindcss.com/) Refactoring UI by Adam Wathan and Steve Schoger (https://refactoringui.com/) Steve Schoger (https://www.steveschoger.com/) Tyler Tringas on Twitter (https://twitter.com/tylertringas?lang=en) Brian Casel (https://briancasel.com/) Gary Bernhardt on Twitter (https://twitter.com/garybernhardt) ExecuteProgram.com (https://www.executeprogram.com/) David Heinemeier Hansson (DHH) on Twitter (https://twitter.com/dhh) Giant Robots Episode 26: Deep into the psyche of Gary Bernhardt (https://giantrobots.fm/episodes/26) Giant Robots Episode 27: Fabulous new mistakes with Joe Ferris (https://giantrobots.fm/episodes/27) Giant Robots Episode 28: Farther, further, faster with David Heinemeier Hansson (https://giantrobots.fm/episodes/28) Node.js (https://nodejs.org/) React (https://reactjs.org/) Ruby on Rails (https://rubyonrails.org/) Zoom (https://zoom.us/) Superhuman (https://superhuman.com/) Screenhero (https://screenhero.com/) Slack (https://slack.com/) GitHub (https://github.com/) Art of Product on Twitter (https://twitter.com/artofproductpod) Derrick Reimer (http://www.derrickreimer.com) Website Derrick Reimer on Twitter (https://twitter.com/derrickreimer) Ben Orenstein (http://www.benorenstein.com/) Website Ben Orenstein on Twitter (https://twitter.com/r00k?lang=en) Tuple (https://tuple.app/) Tuple’s Pair Programming Guide (https://tuple.app/pair-programming-guide) StaticKit (https://www.statickit.com/) Level (https://level.app/) Level Retrospective (https://www.derrickreimer.com/essays/2019/05/17/im-walking-away-from-the-product-i-spent-a-year-building.html) Level Manifesto (https://level.app/manifesto)
Tyler Tringas, founder of Earnest Capital, discusses the origin of his alternative to traditional VC funds, the radical transparency movement, building a community of founders and mentors, investing in Default Alive Companies, paid versus freemium models, and more with James Gallagher, editor at Maker Mag, Publicly Traded Person, Pioneer winner, and author of the book "Life Capital". See all previous episodes on Maker Mag. Sponsored by Blockstack.
This week we've delivered a special bonus episode with a slightly different focus than normal. Inspired by Justin Jackson's article on 'the myth of the niche market', your host Louis Nicholls has a conversation about the pros and cons of targeting a niche market, with accomplished bootstrapped founder and investor Tyler Tringas. Tyler previously founded and bootstrapped Storemapper.co to $50k+ MRR, before starting Earnest Capital - a fund dedicated to investing in bootstrapped startups with a win-win, founder-friendly focus and great founder-alignment. You can find Tyler on Twitter at @tylertringas and Justin Jackson's article that inspired the episode is over at https://justinjackson.ca/niche We'll be back to regular, sales-based interviews from next Tuesday! --- Send in a voice message: https://anchor.fm/sales-for-founders/message
The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship
Tyler Tringas is a General Partner at Earnest Capital which provides early-stage funding for bootstrappers. In 2011, Tyler quit his job to start a venture-backed software startup called SolarList. He was a first-time founder and non-technical. So he also started learning how to code. The Show Notes StoreMapper Earnest Capital TylerTringas.com Tyler on Twitter Omer on Twitter Enjoyed this episode? Subscribe to the podcast Leave a rating and review Follow Omer on Twitter Need help with your SaaS? Join SaaS Club Plus: our membership and community for new and early-stage SaaS founders. Join and get training & support. Join SaaS Club Launch: a 12-week group coaching program to help you get your SaaS from zero to your first $10K revenue. Apply for SaaS Club Accelerate: If you'd like to work directly with Omer 1:1, then request a free strategy session.
The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship
Tyler Tringas is a General Partner at Earnest Capital which provides early-stage funding for bootstrappers. In 2011, Tyler quit his job to start a venture-backed software startup called SolarList. He was a first-time founder and non-technical. So he also started learning how to code.The Show NotesStoreMapperEarnest CapitalTylerTringas.comTyler on TwitterOmer on TwitterEnjoyed this episode?Subscribe to the podcastLeave a rating and reviewFollow Omer on TwitterNeed help with your SaaS?1. Join SaaS Club Plus: our membership and community for new and early-stage SaaS founders. Join and get training & support.2. Join SaaS Club Launch: a 12-week group coaching program to help you get your SaaS from zero to your first $10K revenue.3. Apply for SaaS Club Accelerate: If you'd like to work directly with Omer 1:1, then request a free strategy session.
Interview begins: 06:02Debrief begins: 58:45Tyler Tringas is the General Partner at Earnest Capital. Earnest Capital provides early-stage funding, resources and a network of experienced advisors to bootstrappers, indie hackers, makers and real businesses. They offer an innovative investment structure aligned with founders and businesses that want to accelerate now and ultimately become a profitable sustainable business. They never want you to need to raise another round of funding and you'll never be forced to exit. Earnest Capital is a collaboration between Tyler Tringas and SureSwift Capital and was founded in 2018.Learn more about Earnest Capital: https://earnestcapital.comFollow Tyler on Twitter: https://twitter.com/tylertringas//Kevin McArdle is the Co-Founder and CEO of Sureswift Capital.SureSwift is a holding company that actively invests in, and holds on to emerging media and SaaS properties with the intent to provide exceptional value to existing and future clients. We are a team of 75+ remote individuals in 14 times zones.SureSwift was founded in 2015 and based in Minneapolis, Minnesota.Learn more about SureSwift Capital: https://www.sureswiftcapital.com/Follow Kevin on Twitter: https://twitter.com/Kevin_McArdleFollow upside on Twitter: https://twitter.com/upsidefm
Today, I'm talking with Tyler Tringas, General Partner at Earnest Capital, a new fund designed to provide early-stage funding for bootstrappers. I've been following Tyler's writing for a while now when he was documenting his journey of starting and eventually selling his SaaS, Storemapper, but when I heard what he was up to at Earnest Capital, I knew I had to reach out. I'm trying to focus this show less about day-to-day hacks and more about what it actually takes to be an effective leader and build a sustainable business. I think the sustainable part is one of the most important pieces of the equation to listeners, it definitely is to me, but it's typically seen as a negative when it comes to traditional venture capital. Like Rob Walling from TinySeed, who I talked to last week, Tyler is trying his hand at finding a way to invest capital in a way that allows founders and investors to benefit from profitability. In our chat, we dive into what that looks like and how Tyler sees Earnest fitting into the startup ecosystem.
Tyler Tringas is an entrepreneur and traveler. He's started two companies (one worked!) and now is founding Earnest Capital where he wants to help companies avoid going into $50,000 of credit card debt (like he did) to start technology companies. We talk about how this type of investing vehicle can help transcend some of the pressures to "scale at all costs" in ways that may not be suitable for most companies. Topics Digital nomads Starting a company Bootstrapping How to sell a company The four-hour workweek Calm companies Flaws with the VC model Taking leaps Transitions Meaningful work while traveling Related Links: Earnest Capital Tyler Tringas His Journey Selling StoreMapper ------------------------------------------------ For More With Boundless: Consider supporting the podcast on Patreon Join 125+ People Carving Their Own Paths In The Slack Community Set Up A Curiosity Conversation With Paul Join The Free 3-Week Self-Employment Challenge Sign up For The Strategy Toolkit - Learn The Secrets Of Strategy Consulting
On the pod today I have Dutch academic, author, and fear expert Roanne Van Voorst. In late 2017, Roanne published a book called Fear: Extreme athletes on how to reach your highest goals and overcome stress and self-doubt. Roanne's book dissects all things fear from how pervasive it is in our daily lives to practical tips to overcome it. Through the lens of names like Lynn Hill, Steph Davis, Cedric Dumont, Alain Robert and Alex Honnold among many others, Roanne's mission is to get to the bottom of what makes these seemingly fearless athletes and coaches tick. Spoiler alert, it's not what you might think. And as a gentle reminder, getting a handle on fear is so important guys. It truly is where the gates to the kingdom either remain locked or are pried open with a whole lot of practice. Before I get into my convo with Roanne, I wanted to mention an upcoming event. A few episodes ago, I introduced you to Tyler Tringas, if you remember he is a successful serial entrepreneur who's latest project is the venture fund Earnest Capital, which helps bootstrappers like you and me raise early stage funding for their businesses. Well, the person who introduced me to Tyler is a mutual friend of ours and part of this podcast community — Eric Shutt, Founder of the brand marketing consultancy, SummitX. This March, I'm partnering with Eric on a 4 day ski retreat for leaders in business and tech in Jackson Hole, WY. I'll be doing a live podcast recording, we'll be skiing a bunch of days at Jackson, and hearing from some of the brightest thought leaders in leadership development - all scheduled around a little Aprés of course. If you or anyone you know is interested, feel free to use the referral code APP for $500 off the registration. If you have any questions hit me up, or head over to summitx.co/trips for more info. Cool, enjoy the show!
(Part 2 of 2) On today's show I have Tyler Tringas. Hmmm… what to say about Tyler. Well - He's got to be one of the most well-rounded and intellectually curious dudes I've ever met. Tyler has done a bunch of different work in his relatively short career. After undergrad, Tyler worked as a consultant for a clean energy startup and pretty quickly realized he had an entrepreneurial itch. Shortly thereafter he started a solar energy company called SolarList, and after fighting the good fight for a few years - had to walk away from that startup after racking up $50,000 in credit card debt. On the side, he was doing some freelance coding work, and uncovered a popular need amongst his clients, which led to his second business - Storemapper. This time, Tyler grew his small business into a fairly sizable company, all while traveling the world as a digital nomad, and 5 years later ended up selling the company with a nice little exit to live off of. Now Some people would take the money and go fuck around for a few years or forever for that matter, but instead Tyler asked himself - what work would really matter to me if money wasn't an object? That question landed him at a company called Maptia, who's mission is to foster empathy through storytelling - and do yourself a favor and go get lost in the Maptia website for a while. That position actually led him to work with some of the biggest National Geographic photographers in the world, where he became the Chief Operating Officer at an ocean conservation content creation company called Sea Legacy. As if that wasn't quite enough, this summer Tyler left Sea Legacy to pursue perhaps his most ambitious and exciting project yet. Tyler's always been obsessed with the problem early stage entrepreneurs have securing financing. To address this problem, A couple months ago, Tyler launched a platform for early stage bootstrappers called Earnest Capital, and the buzz it's already created in entrepreneur and lifestyle hacking circles is pretty awesome. Anyway, enough of me blabbing - let's get to the interview. Oh and by the way, this conversation got a little long because it was so damn interesting, so I'm splitting it into two episodes, part 1 and part 2. Part 1 will cover how he taught himself to code… advice on learning to code, Solar List, Storemapper, building a lifestyle business, the digital nomad lifestyle, rock climbing, and clean tech and in part 2 we dive into knowledge sharing and Transparency, Maptia, Sea Legacy, changing hats and stretching your limits in the name or learning and growth, doing stuff you don't know how to do, risk tolerance (or lack thereof), and Earnest Capital. Hope you enjoy it as much as I did! Tyler's website Earnest Capital Maptia Sea Legacy Paul Nicklen Cristina Mittermeier New Energy Finance (clean energy startup acquired by Bloomberg) Ruby on Rails (Coding language) Upwork (Freelancer marketplace) David Heinemeier Hansson or DHH (Creator of Ruby on Rails and CoFounder of BaseCamp) It doesn't have to be crazy at work by DHH and Jason Fried Rework by DHH and Jason Fried
Tyler Tringas maintained his independence from beginning to end, starting with bootstrapping his SaaS company and then ultimately navigating the sale alone.
On today's show I have Tyler Tringas. Hmmm… what to say about Tyler. Well - He's got to be one of the most well-rounded and intellectually curious dudes I've ever met. Tyler has done a bunch of different work in his relatively short career. After undergrad, Tyler worked as a consultant for a clean energy startup and pretty quickly realized he had an entrepreneurial itch. Shortly thereafter he started a solar energy company called SolarList, and after fighting the good fight for a few years - had to walk away from that startup after racking up $50,000 in credit card debt. On the side, he was doing some freelance coding work, and uncovered a popular need amongst his clients, which led to his second business - Storemapper. This time, Tyler grew his small business into a fairly sizable company, all while traveling the world as a digital nomad, and 5 years later ended up selling the company with a nice little exit to live off of. Now Some people would take the money and go fuck around for a few years or forever for that matter, but instead Tyler asked himself - what work would really matter to me if money wasn't an object? That question landed him at a company called Maptia, who's mission is to foster empathy through storytelling - and do yourself a favor and go get lost in the Maptia website for a while. That position actually led him to work with some of the biggest National Geographic photographers in the world, where he became the Chief Operating Officer at an ocean conservation content creation company called Sea Legacy. As if that wasn't quite enough, this summer Tyler left Sea Legacy to pursue perhaps his most ambitious and exciting project yet. Tyler's always been obsessed with the problem early stage entrepreneurs have securing financing. To address this problem, A couple months ago, Tyler launched a platform for early stage bootstrappers called Earnest Capital, and the buzz it's already created in entrepreneur and lifestyle hacking circles is pretty awesome. Anyway, enough of me blabbing - let's get to the interview. Oh and by the way, this conversation got a little long because it was so damn interesting, so I'm splitting it into two episodes, part 1 and part 2. Part 1 will cover how he taught himself to code… advice on learning to code, Solar List, Storemapper, building a lifestyle business, the digital nomad lifestyle, rock climbing, and clean tech and in part 2 we dive into knowledge sharing and Transparency, Maptia, Sea Legacy, changing hats and stretching your limits in the name or learning and growth, doing stuff you don't know how to do, risk tolerance (or lack thereof), and Earnest Capital. Hope you enjoy it as much as I did! Tyler's website Earnest Capital Maptia Sea Legacy Paul Nicklen Cristina Mittermeier New Energy Finance (clean energy startup acquired by Bloomberg) Ruby on Rails (Coding language) Upwork (Freelancer marketplace) David Heinemeier Hansson or DHH (Creator of Ruby on Rails and CoFounder of BaseCamp) It doesn't have to be crazy at work by DHH and Jason Fried Rework by DHH and Jason Fried
In this episode, Adam is joined by Justin Jackson to talk about how to start working towards making a full-time living from your own projects. Topics include: Why you shouldn't start with SaaS How to find ideas from client projects What to do before you make a landing page Why your first product doesn't have to be the one that makes you rich Using open source to build an audience Sponsors: Rollbar, sign up at https://rollbar.com/fullstackradio to try their Bootstrap Plan free for 90 days Codeship Links: Getting Real by 37signals (now Basecamp) Startups for the Rest of Us podcast Storemapper, interview with Tyler Tringas for IndieHackers Pippin's Plugins The Stairstep Approach to Bootstrapping by Rob Walling The Freedom Ladder by Justin Jackson "The $61,392 Book Launch That Let Me Quit My Job", story of how Adam released his first product and went independent Marketing for Developers, Justin's book and course Refactoring UI landing page Justin's Laracon 2017 Talk
Tyler Tringas talks about the difference between good and bad ideas, launching new products in days not months, finding your first customers one at a time, hiring effectively, and more.
In this episode we cover building a side-business online, making the full-time leap to the Shopify App ecosystem, and how it's changed over the past 6 years. Topics Include: Starting in IT and account management. Learning to code and design. Choosing a language and path. Finding an outsourcing partner. Growing to a full-time business. The cost of living in Copenhagen. Multifaceted analysis of revenue numbers. One time fees versus renewals. The joys of a lifestyle business. The ins and outs of the Shopify ecosystem. The Shopify community. The state of the tech scene in Copenhagen. Reducing support. How to outsource to India successfully. Audience questions for Bjorn. Mentioned on the Show: Bjorn's hompage: www.forsbergplustwo.com Bjorn's Twitter: https://twitter.com/FORSBERGtwo His partner in India: https://idyllic.co/ Shopify Partner Program: https://www.shopify.com/partners Open Source Metrics app on Github: https://github.com/forsbergplustwo/partner-metrics-for-shopify Tyler Tringas' book on building small SaaS businesses: https://tylertringas.com/micro-saas-ebook/