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Bootstrapping Course: Welcome

Posted on Wednesday, Apr 29th 2020
 

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.

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Featured Videos

The Startup Velocity Question: What Hinders Acceleration in VC Funded Companies?

Posted on Monday, Apr 15th 2024

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: Navigating Your Path to Startup Success

Posted on Friday, Jun 20th 2025

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.

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Roundtable Recap: July 30 – Founders Need to Learn the Mathematics of Exit

Posted on Friday, Jul 31st 2026

The startup ecosystem is obsessed with unicorns and headline-grabbing valuations, but what is the statistical reality? Approximately 96% of startup exits occur below 100 million dollars, with a substantial portion happening below 50 million dollars.

For most founders, a well-executed strategic acquisition is the true path to liquidity, not an IPO. Yet, accelerator pedagogy remains heavily skewed toward fundraising, leaving entrepreneurs blind to the ownership mechanics that actually dictate personal wealth.

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Featured Videos

August 6 – 737th 1Mby1M Mentoring Roundtable for Entrepreneurs

Posted on Friday, Jul 31st 2026

Entrepreneurs are invited to the 737th FREE online 1Mby1M Mentoring Roundtable on Thursday, August 6, 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.

736th 1Mby1M Mentoring Roundtable Recording

Posted on Friday, Jul 31st 2026

In case you missed it, you can listen to the recording here:

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Top Equity-Free Accelerators in Tunisia

Posted on Thursday, Jul 30th 2026

This article summarizes the top equity-free accelerators in Tunisia and compares them to 1Mby1M across key dimensions. 

By Guest Author Cecelia Kirchner | Reviewed by Sramana Mitra

Especially to an early-stage entrepreneur, equity is power. Standing not only as an exchangeable commodity between startup and accelerator, equity encapsulates entrepreneurs’ bargaining power, the level of autonomy within the venture, and beyond. Here lies the The Accelerator Conundrum: ceding such an irreplaceable and versatile resource – particularly in the beginning stages of scaling a venture – dilutes entrepreneurial agency and mobility, constraining a startup’s evolution. Finding an acceleration pathway which preserves founders’ equity is paramount for entrepreneurs’ innovative and financial longevity. This series hones in on such considerations, expanding dialogue on the entrepreneurial possibilities available to Tunisian startups.

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Top Startup Accelerators for Entrepreneurs Focused on Validation in the Horn of Africa

Posted on Thursday, Jul 30th 2026

This article explores the top startup accelerators for entrepreneurs focused on validation in the Horn of Africa. It examines why validating customers, markets, and business models before scaling reduces startup risk and compares leading regional accelerators with 1Mby1M’s validation-first philosophy.

By Guest Author Nura Abdilahi | Reviewed by Sramana Mitra

Why Validation Matters More Than Speed

Throughout The Accelerator Conundrum  series, we have explored how different accelerator philosophies shape entrepreneurial success. One of the most common reasons startups fail is what Sramana Mitra calls the Validation Vacuum.

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An Overview of Best Startup Accelerators in Iceland 

Posted on Thursday, Jul 30th 2026

This article is an overview of a series of articles summarizing the best startup accelerators in Iceland for bootstrapped and solo founders, comparing them to 1Mby1M.

By Guest Author Paige A | Reviewed by Sramana Mitra

Over the past ten posts, we have taken a comprehensive look at the startup accelerator landscape in Iceland, examining it through ten distinct lenses, each one relevant to a different type of founder and a different set of entrepreneurial priorities. The research behind this series drew on Iceland’s local ecosystem, Nordic-level programs, and the global accelerator market to produce an honest, comparative picture of what is actually available to Icelandic founders and how those options stack up against one another. The consistent thread across all ten posts was a simple question: which programs are genuinely designed to help founders build real, sustainable businesses, and which ones are optimized for something else?

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Replit’s Next Billion-Dollar Opportunity: From AI Coding Platform to Entrepreneurship Development Platform

Posted on Wednesday, Jul 29th 2026

Early this year, vibe coding platform Replit raised $400 million in funding at a valuation of $9 billion and said it was on track to reach $1 billion ARR by the end of 2026. It also disclosed that it now serves more than 50 million users, including teams at 85% of the Fortune 500.

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Top Startup Accelerators for Validation-Focused Founders in Florida

Posted on Wednesday, Jul 29th 2026

This article summarizes the top startup accelerators for validation-focused founders in Florida, comparing them to 1Mby1M across philosophy, equity, duration, and validation methodology.

By Guest Author Kanav Sah | Reviewed by Sramana Mitra

The Accelerator Conundrum series questions the startup ecosystem’s default advice to raise big and grow fast. It argues that for most founders building tech and tech-enabled businesses, chasing capital before validating the business produces a familiar set of outcomes: bloated burn rates, premature scaling, diluted equity, and companies that never reach profitability. The smarter path, it argues, is to bootstrap first, build on a foundation of real revenue, and raise later from a position of strength.

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