Startup Success Comes from Customers Not Speculators

I want to share with you an insight from running the 1Mby1M program since 2008. Over 700 free mentoring roundtables with over 300k entrepreneurs. Thousands of case studies of successful entrepreneurs – the who’s who of tech startups – through interview based methodology development.

It is a complex exercise to give people a message that goes against the grain of media hype. 

The entire entrepreneurship and technology media goes wild with speculative deals and Unicorn valuations. 

Entrepreneurs think that they can raise millions and get acquired for billions without a business model. 

We don’t believe that. 

Our methodology is a bootstrapped, lean, capital-efficient startup methodology that puts a great deal of emphasis on business model and monetization. 

Speculative stuff is neither what we believe in, nor something we encourage entrepreneurs to pursue. 

As such, we are unable to get through to folks with the speculative mindset.

I don’t like speculators. 

I like value creators.

I like a fundamentals-focused approach.

Entrepreneurship = Customers + Revenues + Profits. Financing and Exit are Optional.

If you need help with a fundamentals focused startup strategy, join 1Mby1M Premium.

You can get started with Sramana’s Digital Mind AI Mentor right now here.

Let’s discuss. What are your challenges? How can we help? Why aren’t customers buying aggressively? What’s standing in the way of Product-Market Fit?