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Tyler Tringas

๐Ÿ‘ค Speaker
978 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Well, I did everything.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

I mean, so we were cold emailing.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

We had built an impressive product.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

So I had taught myself to code.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

I had managed to also get a CTO.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

to work for me for a bit.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

And so we had built a pretty cool product in a pretty interesting market.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

And so it wasn't that hard to get at least a bite on the other end of the hook.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

And then what we found was two big problems.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

One was that...

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Although cleantech was interesting at the time, it was a particularly very bad time to be raising as a cleantech firm.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

It was right after Don Dora Kleiner had just lost a humongous amount of money.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Solyndra had just imploded.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

Basically, VCs had lost money.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

a ton of money in the hard tech stuff that, you know, to be fair, we were arguing, we were transitioning away towards software, but they had just lost so much money that there was a sort of herd mentality that like, yeah, we're not investing in clean tech right now.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

And the other problem was that I,

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

I didn't know about how Power Law worked and how venture really worked.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

I was just like, I'm trying to build this great business.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

I'm pretty sure I could build a $50 or $100 million business.

SaaS Interviews with CEOs, Startups, Founders
Tyler Tringas: How Earnest Capital Hopes to Re-Invent Startup Investing

There's software here, so let's do a deal.