Build Your Company Before Chasing Venture Capital

Are you trying to get into Y Combinator? Beware, they have a 98% rejection rate. They need to see that you are building something that can be blitzscaled with gobs of venture capital. Blitzscaling, however, is NOT the only way to build a successful company.

Bootstrap First, Raise Money Later is a MUCH better strategy than Blitzscaling with ridiculous amounts of capital.

In 1Mby1M, we prefer Bootstrapping early, then raising small amounts of capital. The probability of a successful outcome is much higher.

If you follow the 1Mby1M methodology, validate, make some progress, we may be able to get you to a point where you could SUCCESSFULLY blitzscale.

Not all businesses CAN blitzscale.

Not all businesses CAN go from 0 to $100M in 5-7 years.

Repeatability, large TAM, defensibility are all components of a high velocity venture.

THAT is what YC is looking for.

THAT is what most traditional, Unicorn-chasing VCs are looking for.

And these days, they are also looking for de-risked ventures that have bootstrapped to significant validation and repeatability.

Do not go to YC as a Beggar. Go as a King.

If you need help in figuring out how to improve your probability of getting accepted at YC, join 1Mby1M Premium.

So, are you trying to get into Y Combinator?

Why? Why not?

Photo credit: Brandon Shea/Flickr.com