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.
>>>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.
>>>Entrepreneurs are invited to the 697th FREE online 1Mby1M Mentoring Roundtable on Thursday, August 7, 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 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 Interested.
Marina and Nick Davidovs are Cofounders and Managing Partners at DVC, a firm that backs only repeat founders doing AI startups. We had a terrific conversation on cutting edge issues within the AI ecosystem.
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In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, we had Marina and Nick Davidovs, Cofounders and Managing Partners at DVC, a firm that backs only repeat founders doing AI startups. We had a terrific conversation on cutting edge issues within the AI ecosystem.
NETSPOC
As for our entrepreneur pitches, up first we had Jacob Manamel from Bengaluru, India, pitch NETSPOC, a company that is already in revenue and profitable.
SOREYA
Next, we had Ellie Bramer from Cambridge, UK, pitch SOREYA, a concept stage AI venture.
Yana.travel
Then we had Sanket DK, also from Bengaluru, India, pitch Yana.travel, a company that is just starting to generate revenues.
You can listen to the recording of this roundtable here:
Yesterday, Amazon (NASDAQ: AMZN) announced its second quarter results that surpassed market expectations, but the stock fell 3% in the after-hours session due to worries about geo-political conditions.
>>>Sramana Mitra: So, talk to me about the various business models. Is it the regular one – the college counseling one where you are hiring mentors or college counselors by the hour, and they’re being paired with the families that are seeking guidance?
>>>Microsoft (Nasdaq: MSFT) continues to benefit from its AI investments. Yesterday, it announced its fourth quarter results that surpassed market expectations and sent the stock soaring 7% in the after-hours trading session.
>>>Sramana Mitra: It sounds like it’s a two-sided managed marketplace. What’s the business model? How much are you paying the counselors? How does this work out?
>>>