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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](https://tinyseed.com/apply) [Invest in TinySeed](https://tinyseed.com/invest) [TinySeed Mentors](https://tinyseed.com/mentors)[Accelerator Program Details — TinySeed](https://tinyseed.com/apply) [TinySeed Portfolio](https://tinyseed.com/portfolio) [The SaaS Playbook](https://saasplaybook.com) by Rob Walling [MicroConf](https://microconf.com)- 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](https://www.startupsfortherestofus.co...) for an upcoming episode. We’d love to hear from you! Subscribe & Review: [iTunes](https://podcasts.apple.com/us/podcast...) | [Spotify](https://open.spotify.com/show/2Ww2e4J...)