
1Mby1M Founder Sramana Mitra wants entrepreneurs to not waste their time and money.
The waste stems from a widespread misunderstanding of how investors think.
Over 99% of founders chase funding before they are fundable.
Here, Sramana teaches how to build with customer money (otherwise known as revenue) until a startup reaches that fundable stage.
Once fundable, a startup can go to investors like a king, not a beggar.

I have been running 1Mby1M since 2010. I find myself saying to entrepreneurs ad nauseam that VCs want to invest in startups that can go from zero to $100 million in revenue in 5 to 7 years.
Startups that do not have what it takes to achieve velocity should not be venture funded.
Experienced VCs, over time, have developed heuristics to gauge what constitutes a high growth venture investment thesis.
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The Accelerator Conundrum is a multipart series that challenges the prevailing wisdom of the tech startup ecosystem that entrepreneurs should Blitzscale out of the gate. Written by Sramana Mitra, the Founder and CEO of One Million by One Million (1Mby1M), the world’s first global virtual accelerator, it emphatically argues that a better strategy is to Bootstrap First, Raise Money Later, focus on customers, revenues and profits. 1Mby1M’s mission is to help a Million entrepreneurs reach a million dollars in annual revenue and beyond. Sramana’s Digital Mind AI Mentor virtually mentors entrepreneurs around the world in 57 languages. Try it out!
Alright, let’s cut through the noise and get to the brutal truth of the startup accelerator world. Many entrepreneurs, starry-eyed and naive, leap headfirst into 3-month accelerator programs without truly understanding the long-term implications. It’s time for an incisive commentary, a necessary dissection.
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I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Curtains in the Wind VII
Curtains in the Wind VII | Sramana Mitra, 2023 | Watercolor, Ink, Pastel | 12 x 18, On Paper

Entrepreneurs are invited to the 715th FREE online 1Mby1M Mentoring Roundtable on Thursday, January 22, 2026, at 8 a.m. PST / 11 a.m. EST / 5 p.m. CET / 9:30 p.m. India IST.
If you are a serious entrepreneur, register to Pitch and sell your business idea. You’ll receive straightforward feedback from Sramana Mitra, advice on next steps, and answers to any of your questions. Others can register to Attend to watch and learn.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Please share with any entrepreneurs in your circle who may be Interested.
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Nine out of ten startups that sign up for Blitzscaling fail. They become zombie startups. They cannot raise new rounds of financing. They cannot find an Exit either. They just sit there, feeling like failures. Even if they have built $10M in profitable revenue.
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Adobe’s (NASDAQ: ADBE) stock had a tough run last year, having dropped 21% as the market remains concerned on AI making it so much easier to do what Adobe helped designers do. Adobe has been addressing the issue by aggressively investing in its AI features and embedding AI capabilities into its offerings. Recently, it also announced the acquisition of Semrush to accelerate its AI initiatives. But the market is not fully convinced about the potential.
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I have been running the 1Mby1M global virtual accelerator since 2010. I find myself saying to entrepreneurs ad nauseam that VCs want to invest in startups that can go from zero to $100 million in revenue in 5 to 7 years, which is hypergrowth.
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Recently, I have published a series of posts based on The Accelerator Conundrum series. I have delved deep into the ecosystem of accelerators in the Greater Boston Area and researched the startup accelerator environment through multiple criteria – non-equity, virtual, founder-friendly, bootstrapped, solo entrepreneur support, and so much more.
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There is a Twilight Zone in which many venture funded startups exist. The company isn’t growing at a high velocity. No further financing is viable. No exit is viable either. What happens to such startups? And how do you avoid becoming one of these walking deads?

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