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 have a question that comes to my mind. Enterprises have very diverse applications and frameworks. Are there particular frameworks that you specialize in, do better in, or have more training in? Or you can basically walk into any enterprise, do this training right there, and basically build from there?
>>>Sramana Mitra: So now, tell me more about the product and especially where is AI in this story?
Jonathan Schneider: We think of Moderne as large-scale automated code change. That could be for application modernization, security vulnerability repair, or code quality.
>>>Sramana Mitra: So now what about the go-to-market strategy? What were you settling into? You were talking to customers all this while. What was emerging as the go-to-market strategy?
>>>Entrepreneurs are invited to the 682nd FREE online 1Mby1M Mentoring Roundtable on Thursday, April 24, 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
In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, I coached an entrepreneur on how his grand plan has to be rooted in concrete steps.
Douglass Leadership Academy
Kevin Tusiime from Boston, Massachusetts pitched Douglass Leadership Academy where this principle was discussed at length.
You can listen to the recording of this roundtable here:
Yesterday, Netflix (Nasdaq: NFLX) reported its first quarter results that surpassed market expectations. Over the last quarter, Netflix has also been attracted to the AI fever. It recently announced plans of leveraging AI search engine capabilities for its users.
>>>Sramana Mitra: So, what gave you confidence that you would be able to solve this problem and build a product? Did you have an architecture already laid out? Did you have the product design already in place?
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