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.
>>>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 – Riverside VI
Riverside VI | Sramana Mitra, 2018 | Watercolor, Ink, Pastel | 9 x 12, On Paper
Are you struggling with attracting customers? There’s a very good chance that your Positioning is off. Positioning drives Product Market Fit (PMF). You HAVE to get it right. Let’s discuss how.
Entrepreneurs are invited to the 690th FREE online 1Mby1M Mentoring Roundtable on Thursday, June 19, 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.
Julie Castro Abrams, Managing Partner at How Women Invest, discusses her firm’s investment thesis.
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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 Julie Castro Abrams, Managing Partner at How Women Invest discussing her firm’s investment thesis.
As for an entrepreneur pitches, we had Nikki Cao from Canada and Prashant Teyshetye from Austin, Texas, discussing their ventures.
You can listen to the recording of this roundtable here:
According to a recent report, the enterprise gen AI market is estimated to grow at 38% CAGR from $2.94 billion in 2024 to 2030, driven by the increasing need to use AI across hardware, software, and diverse applications. Palo Alto-based Glean has made big inroads in the industry.
>>>Sramana Mitra: Nick, let’s do another use case or another company that you’ve invested in.
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