
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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Ahmedabad startup ecosystem has seen growing momentum post-COVID, driven less by flashy funding figures and more by bootstrapped, founder-led ventures rooted in validation and execution. Non-equity accelerators matter now more than ever, enabling entrepreneurs in Ahmedabad to access mentorship, infrastructure, and continuity without surrendering equity. These models align with founder-first principles, placing long-term value, learning, and sustainability above vanity metrics like demo days or fundraising volume.
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Why This Topic Matters in Ahmedabad
“All-access investor passes” often translate into noisy crowds rather than meaningful connections. Especially for solo or validation-stage founders in Ahmedabad, the difference between a warm, stage-aligned intro and a mass Demo Day pitch can define your startup’s trajectory. It’s time to spotlight accelerators that forge real alignment over fleeting visibility.
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Ahmedabad is seeing a rising class of side-hustle founders—salaried professionals juggling EMIs, dependents, and dreams of launching startups. The romanticized “all-in” narrative—that quitting your job is the only way to succeed—marginalizes those building under the radar. These founders need pathways that recognize their limited time and financial risk tolerance. It matters in Ahmedabad, a city rich in entrepreneurial heritage yet still shaped by conservative risk norms. A pro-founder ecosystem should welcome the paycheck-bootstrapped rather than penalize them.
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Ahmedabad’s startup ecosystem is gaining momentum, yet founders—especially solo or bootstrapped ones—often struggle to access tailored virtual accelerator programs. Virtual formats can overcome geographic constraints and tight budgets, offering scalable mentorship and peer networks. For Ahmedabad-based founders, local hubs like CIIE.CO at IIM-A and i-Hub offer hybrid and physical support, but the virtual dimension can fill crucial gaps in access and flexibility. A founder-first approach means evaluating programs through clarity, actionable frameworks, and long-term founder development—not hype.
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This article, part of the Pro-Founder Series aligned with the 1Mby1M philosophy and The Accelerator Conundrum, delves into the accelerator landscape in Ahmedabad. We analyze the prevalent short-term, Demo Day-focused programs and highlight the critical need for long-term, sustainable support systems that truly empower founders. This research identifies accelerators that prioritize validation, founder-friendliness, and sustained mentorship, offering a valuable guide for entrepreneurs seeking enduring partnerships rather than fleeting boosts.
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Ahmedabad entrepreneurial scene is growing fast — but too many so-called “unicorns” are built on shaky ground. Sky-high valuations, zero profits, and endless cash burn are celebrated, while the founders building durable, customer-funded companies are often ignored. This piece is for the latter group — the ones who want to scale to $1B+ valuations the hard way: through profitability, substance, and sustained market impact. Real unicorns don’t need to fake their worth — their numbers speak for themselves.
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Ahmedabad startup ecosystem is buzzing, but too many founders are being nudged toward blitzscaling before they’ve validated their model or built a sustainable revenue stream. The risks? Burn rates that outrun market fit, vanity valuations that evaporate in down cycles, and dependency on external capital. For founders in Bharat—especially in Gujarat—bootstrapping-first isn’t just prudent; it’s strategic. The path to scale should start with customer-funded growth, operational discipline, and profitability, before chasing high valuations.
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Founders need ecosystems—not flashy events. Long-term traction stems from sustained strategic guidance, not one-off sprints. Too often, accelerator programs end at Demo Day, leaving founders stranded. Founders in Ahmedabad—and everywhere—crave mentors who walk with them through the inevitable valleys, not just the peaks.
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