TnT Ventures

TnT Ventures is an early-stage capital for explosive ideas. We invest anywhere from pre-incorporation to Series A, and we prefer to be involved as early as possible. We pride ourselves in making independent decisions and helping founders with raising their first round of capital. We look for startups executing on a specific problem where they can outperform incumbents (or more rarely, where none exist) and where success within this narrower domain creates the opportunity to challenge incumbents over time. We look at products holistically. Product is both what your software does for a customer, how you plan to distribute this product, and ideally a set of advantages (e.g. data) that accrue over time that create defensibility and improve the product. For an investment to be compelling, it must be exceptional in at least one of these dimensions and ideally in multiple. Today it is not enough to have a software business with high theoretical margins. Marginally better products do not produce rapidly scaling businesses because they struggle against switching costs and expend too many resources on marketing, sales, and support.