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.
>>>Entrepreneurs are invited to the 683rd FREE online 1Mby1M Mentoring Roundtable on Thursday, May 1, 2025, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST.
If you are a serious entrepreneur, register to Pitch and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to Attend to watch, learn, and interact through the online chat.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be
Piyush Kharbanda, General Partner at Vertex Ventures, discusses his firm’s AI investment thesis.
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In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had Piyush Kharbanda, General Partner at Vertex Ventures discuss his firm’s AI investment thesis.
KLVIN
As for our entrepreneur pitches, up first we had Vinay Kumar Kolusu from Hyderabad, India, pitch KLVIN, an India-facing B2B SaaS play.
Prosperity CoPilot
Then we had Martin Athanas from Mumbai, India, pitch Prosperity CoPilot, a B2C Freemium play.
You can listen to the recording of this roundtable here:
Yesterday, Alphabet aka Google (Nasdaq: GOOG) announced its first quarter results that soared past market expectations. The stock climbed 5% in the after-hours trading session post results announcement.
>>>Sramana Mitra: I think what you’re saying is, the entrepreneur team’s domain knowledge is really what you’re putting the premium on to build something that is intense in workflow or domain-related value add. The AI is an enabler of that value add but not the critical piece. The AI technology itself is not the big enabler.
>>>Today’s 682nd FREE online 1Mby1M Mentoring Roundtable for Entrepreneurs is starting in 15 minutes, on Thursday, April 24, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
Yesterday, IBM (NYSE:IBM) reported its first quarter results that outpaced market expectations. Despite the cautious operating environment, IBM reiterated its outlook as it expects its focus on AI initiatives to drive growth.
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