As you know, I categorically support bootstrapped entrepreneurs. There are numerous startups now that have achieved $4M-$5M in revenue without any external funding. However, it has taken time. Sometimes, it has taken 5-7 years to get there. VCs, however, are looking for velocity.
In a tightening market, budgets are under scrutiny.
Sramana Mitra: It’s much more than that. We come up with this issue all the time. I recently published a series called The Startup Velocity Question, and the thesis of it is, ‘why do venture funded startups not achieve velocity?’, which equates to failure basically, because we see that trying to go from zero to
Many large companies with hundreds of millions in revenues are currently facing slowdown.
Entrepreneurs are invited to the 642nd FREE online 1Mby1M Mentoring Roundtable on Thursday, June 6, 2024, 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,
In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, we discussed three businesses and a lot of related methodology. Orykl First up, Huenu Solsona from Cape Town, South Africa, pitched Orykl, a 2-sided marketplace for spiritual healers. Global Driver’s Club Next up, Jay Velayutham from Dallas, Texas, pitched Global Driver’s Club, a concept-stage venture. eNano Technologies Then Alex Moreno from
There’s an AI blah blah blah phenomenon right now all over the industry! “Product growth is plateauing or declining but we have AI that will rejuvenate everything …” Well, AI will do what? What is the exact positioning of your AI offering?