I've been seeing a lot about funds lately. @sahil just started one, @robwalling and @tylertringas have TinySeed and Earnest Capital. I don't know much about them and I'm genuinely curious why a small bootstrapped SaaS would seek funding.
Costs to start up and run while you look for product market fit are usually pretty low and it seems like the amount these funds invest is fairly small. Is it the mentoring and team that makes them so valuable? Or is it that your costs outpaced your growth in the early stage?
I think it's really cool that these exist, and it's great that there's funding out there outside of the VC route.
I'd love to hear from anyone who's taken or applied for funding and what you were looking to get out of it. Or if you've considered it and opted not to. Thanks indie hackers!