Summary
Seedscout, founded by Mat Sherman, is a social network that operates on intro requests and introductions within the startup community. It serves founders, investors, and job seekers, facilitating connections and network expansion. Seedscout evolved from Sherman's podcasting experience and insights into the struggles of founders in building networks. The platform went through several iterations, shifting from a content-driven model to an introduction facilitation platform, and finally to a self-serve model, generating $9,000 monthly revenue with over 1,500 users.

Unique Aspect
Seedscout's unique approach lies in its focus on intro requests and introductions, creating a dynamic networking environment specifically for the startup ecosystem.

Approach to kick off
Sherman leveraged his podcasting background and network to develop an introductory platform that addresses the access asymmetry in the startup world, transitioning from content to a more structured networking service.

Scoop

Business Model Viability
The business model, which caters to a specific need in the startup community for networking and introductions, is viable for niche market success.

Future Projections
Plans to expand the networking model into different industries, aiming to become a comprehensive solution for external industry entrants to gain access and network efficiently.

Startup Stats

📊 ARR: $108,000

📈 MRR: $9,000

🚀 Startup Costs: $1,000

👥 Team Size: 1

🌍 Market: Targeting the startup community, including founders, investors, and job seekers

👨‍💻 Users: Over 1,500 users including founders, investors, and job seekers

💰 Funding: Raised $435,000 in angel investment from about 15 investors

👨‍💼 Founders: Mat Sherman