In 2018 after my 6th Y Combinator rejection, I started a podcast called Forward Thinking Founders to help me get more networked in the tech world. 700 episodes later, I have met many founders of billion-dollar companies when the ideas were only seeds. Here is a small list of companies I've met and how much they've raised since.
On Deck - Has now raised $23M
Deel - Has raised $204M
Fast - has raised $125M
Yotta Savings - Has raised $16M
And many more...
I've learned the characteristics of these founders and have created a company called Seedscout to find more of these founders around the world. We scout companies we think are destined for greatness based on our pattern recognition for it, and we display their information in an app for investors to view. We charge investors $20/mo to access this data. Right now we have about $700 MRR after launching last week.
The core motivation for this company is driven by something that doesn't feel right about the venture capital industry. I have also written dozens of articles on the perverse incentives of VC firms and why no one is incentivized to fund certain types of founders. Due to this, there is a widening gap between the founders who are getting funded but shouldn't, and the founders not getting funded who should be. I am on a mission to change how founders get backed through Seedscout , and I am excited to spend some time in Indiehackers to answer questions about my journey.