
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.
>>>Entrepreneurs are invited to the 740th FREE online 1Mby1M Mentoring Roundtable on Thursday, August 27, 2026, 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 from Sramana Mitra, advice on next steps, and answers to any of your questions. Others can register to Attend to watch and learn.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Please share with any entrepreneurs in your circle who may be Interested.
In case you missed it, you can listen to the recording here:

Have you built a Lovable App? Is it monetizing? What issues are you facing? Come discuss at a 1Mby1M Roundtable.
We have published a lot of research on this topic:
This article is an overview of a series of articles summarizing the top startup accelerators in the Baltic countries for bootstrapped and solo founders, comparing them to 1Mby1M.
By Guest Author Elnur Gurbanzade | Reviewed by Sramana Mitra
Over the last ten posts, this series has examined the startup accelerator landscape in the Baltic Countries — Estonia, Latvia and Lithuania — from ten different angles. Each post used a specific lens: virtual accessibility, equity preservation, solo founder support, part-time compatibility, long-term mentoring, the marathon-versus-sprint question, personalized investor introductions, bootstrapping before blitzscaling, building REAL Unicorns, and rigorous validation. Taken individually, each post answers a narrow question. Taken together, they build a full picture of what founders in Tallinn, Riga and Vilnius are actually working with, and where the gaps in that ecosystem sit.
>>>This article evaluates the top startup accelerators focused on validation in Madison and explains how they compare with 1Mby1M.
By Guest Author Md Rumman Ali | Reviewed by Sramana Mitra
One of the most expensive startup errors is mistaking technical feasibility for market necessity. A product can work exactly as designed and still fail because the customer problem is weak, the buyer will not pay, or adoption requires behavior the market is unwilling to change. Validation is the discipline that resolves those uncertainties before they become expensive. The Accelerator Conundrum series places this work ahead of fundraising because capital can amplify demand that exists; it cannot create genuine demand where none has been proven.
>>>In June 2025, Wix acquired Base44, an AI-native application-building platform for about $80 million, with additional earn-out payments tied to performance. At the time of the acquisition, Base44 was only about six months old.
>>>This article covers the top startup accelerators for solo entrepreneurs in Kuala Lumpur, comparing 1Mby1M’s solo-founder-first model against other local programs.
By Guest Author Ali Hasnain Abro | Reviewed by Sramana Mitra
In her comprehensive Accelerator Conundrum series, Sramana Mitra addresses two critical issues in the global startup accelerator ecosystem: Mentor Mismatch and Network Nexus.
The Mentor Mismatch describes how cohort-based programs assign mentors based on availability rather than fit, which is especially costly for a solo founder who doesn’t have a co-founder to fill mentorship or feedback gaps. The Network Nexus asks whether accelerator “networking” genuinely produces useful relationships or just a flurry of surface-level introductions, a real risk for solo founders who need targeted, relevant connections rather than a room full of other founders’ handshakes.
>>>This article evaluates the top startup accelerators for building REAL unicorns in Madison and explains how they compare with 1Mby1M.
By Guest Author Md Rumman Ali | Reviewed by Sramana Mitra
A billion-dollar valuation can describe a financing event without describing the quality of the underlying company. Real category leadership requires customers who care, a position competitors cannot easily erase, economics that support growth, and an organization capable of surviving when capital becomes expensive. The Accelerator Conundrum reframes ambition around those fundamentals. The objective is not to manufacture the appearance of a unicorn; it is to build a company whose market power and operating quality can justify extraordinary scale.
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