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Bootstrapping Course: Welcome

Posted on Wednesday, Apr 29th 2020
 

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.

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The Startup Velocity Question: What Hinders Acceleration in VC Funded Companies?

Posted on Monday, Apr 15th 2024

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: Navigating Your Path to Startup Success

Posted on Friday, Jun 20th 2025

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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Cloud Stocks: Analysis of CrowdStrike’s Onum Technology Acquisition

Posted on Friday, Oct 10th 2025

Endpoint security player CrowdStrike (NASDAQ: CRWD) continues to consolidate in the industry. After delivering strong second quarter results, the company announced the acquisition of Onum Technologies as it looks to enhance its security information and event management (SIEM) capabilities.

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1Mby1M Virtual Accelerator AI Investor Forum: JP Persico, shuckerVC (Part 3)

Posted on Thursday, Oct 9th 2025

Sramana Mitra: Let’s do one more example of what you’ve invested in.

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Startup Laos: The Digital AI Mentor vs. Traditional Mentorship 

Posted on Wednesday, Oct 8th 2025

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!

The most significant differentiator between 1Mby1M and traditional Lao accelerators is the nature of our mentorship. A typical accelerator, whether it’s the KOICA program or another initiative, relies on a limited pool of human mentors. While these individuals are often brilliant and well-intentioned, their availability is inherently finite. Mentorship sessions are scheduled, often on a weekly or less frequent basis, and the advice is constrained by the mentor’s personal network and experience. 

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Video FAQs

Startup Laos: The Accelerator Conundrum

Posted on Wednesday, Oct 8th 2025
Photo Credit: David Peterson from Pixabay

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!

The startup ecosystem in the Lao People’s Democratic Republic, while nascent and full of untapped potential, faces a fundamental challenge: the blind application of an “imported” accelerator model. Much like its neighbors, Laos has seen the rise of programs that mimic the Silicon Valley playbook—fixed-term, cohort-based, and heavily centered on a “Demo Day.” 

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The Myanmar Startup Scene: The Digital AI Mentor vs. Traditional Mentorship

Posted on Wednesday, Oct 8th 2025
Photo Credit: Sasin Tipchai from Pixabay

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!

The most significant differentiator between 1Mby1M and traditional Myanmar accelerators is the nature of our mentorship. 

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The Myanmar Startup Scene: The Accelerator Conundrum

Posted on Wednesday, Oct 8th 2025
Photo credit: jorono from Pixabay

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!

Myanmar’s startup ecosystem, a burgeoning but complex environment, shares a critical challenge with its regional counterparts: the tendency to adopt an “imported” accelerator model that is not always suited to the local context. While a mobile-first society with a large, young, and tech-savvy population offers immense potential, many of the programs designed to support it have mimicked the Silicon Valley playbook. 

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Startup Vietnam: Why Bootstrap First Is Critical

Posted on Wednesday, Oct 8th 2025
Photo Credit: Tuan Anh Nguyen from Pixabay

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!

Vietnam’s startup ecosystem has grown rapidly over the past decade, fueled by a young, tech-savvy population, increasing foreign investment, and a vibrant entrepreneurial culture. Yet, despite this momentum, Vietnamese founders face structural challenges: limited access to early-stage capital, high competition for accelerator slots, and pressure to scale quickly in an emerging but volatile market.

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Startup Singapore: The 1Mby1M Philosophy and Bootstrap First

Posted on Wednesday, Oct 8th 2025
Photo Credit: Frank Zhang from Pixabay

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!

Our 1Mby1M philosophy is a radical departure from the local norm. We are not a fixed-term program. We don’t run a cohort. We do not take a single cent of equity from our entrepreneurs. And we are not conflicted by investors or corporate partners. We are a continuous, long-term business development program built on one core, unshakeable principle: your success is our only metric. We are laser-focused on helping you build a company that can reach a million dollars in annual revenue. This is a goal that is both ambitious and achievable for millions of entrepreneurs globally, and it’s a far more powerful metric than any valuation.

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