Startup Ecosystem in Kolkata: Bootstrapping vs Blitzscaling

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The startup ecosystem around the world is driven by the notion that Venture Capital funding is essential to building companies.

This isn’t true.

Venture Capital is a model of funding focused on hypergrowth. Going from 0 to $100M in 5-7 years. 

This is not a natural state of business. Very few, 0.001% of businesses grow at this velocity. 

No question, Blitzscaling is not the answer for a relatively less developed ecosystem like Kolkata. 

The answer is really doubling down on Bootstrapping. All flavors. 

Bootstrapping with a Paycheck. 

Bootstrapping Products Using Services. 

Bootstrapping to Exit. 

Bootstrapping by Piggybacking. 

Focus on fundamentals. Entrepreneurship = Customers + Revenues + Profits.

Bootstrap First, Raise Money Later.

Or not at all.

Bootstrap to Profitability.

OR

Bootstrap to Fundability.

These are the only two options.

We have tons of training material – all case study based – all anchored in real life examples – delivered by the entrepreneurs themselves – available on Udemy to teach millions of people these fundamental principles.

Please get them under your belt.

If you are a startup mentor, please make sure that your mentees internalize these fundamental principles.

To help establish common ground on this subject, below is a series of Udemy courses with discount coupons.

Bootstrap First, Raise Money Later with Sramana Mitra

Bootstrapping a Startup with a Paycheck with Sramana Mitra

Bootstrapping a Startup with Services with Sramana Mitra

How to Bootstrap Startups by Piggybacking with Sramana Mitra

How to Bootstrap a Startup to Exit with Sramana Mitra

How To Succeed As A Solo Entrepreneur with Sramana Mitra

Photo Credit: Stalin Choudhuri from Pixabay

This segment is a part in the series : Startup Ecosystem in Kolkata