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.
>>>Sramana Mitra: I see. I’m going to go a little bit to a 30,000-foot level and ask you to comment on what else you’re seeing in India that we should keep in our vision, in terms of trends or developments or concerns. What’s going on?
>>>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 – Ainhoa II
Ainhoa II | Sramana Mitra, 2018 | Watercolor, Ink | 9 x 12, On Paper
Sramana Mitra: Interesting. I gave a talk recently at Kellogg about Indian startups: Past, Present, and Future. The recording will be available soon. We’ll publish it and you can take a look. One of the things I said is that India has this background in the services industry; the services industry came out of low-end services, BPO, et cetera. But now with human-in-the loop AI services, wherever there is a do-it-for-me scenario, this is actually to India’s advantage, especially if the services can be done from India.
>>>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 – Ainhoa I
Ainhoa I | Sramana Mitra, 2018 | Watercolor, Ink | 9 x 12, On Paper
Entrepreneurs are invited to the 686th FREE online 1Mby1M Mentoring Roundtable on Thursday, May 22, 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 Interested.
Manu Rekhi, Managing Director at Inventus Capital Partners, discusses his firm’s AI investment thesis.
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In case you missed it, you can listen to the recording of this week’s roundtable here:
During this week’s roundtable, we had Manu Rekhi, Managing Director at Inventus Capital Partners, discussing his firm’s AI investment thesis.
Techjays
As for our entrepreneur pitches, up first we had Philip Samuelraj from Menlo Park, California, pitch Techjays.
Pitchlabz
Then we had Varun Kapoor from Dubai, UAE, pitch Pitchlabz.
Lino
Next we had Bharat Vohra from Amritsar, Punjab, India, pitch Lino.
You can listen to the recording of this roundtable here: