Why Most Entrepreneurs Fail to Get Funded

I want to share with you an observation from running the 1Mby1M program since 2008. Almost 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. Thousands and thousands of premium member coaching sessions.

Entrepreneurs are obsessed with financing. 

The media hypes up financing. 

It is an unwelcome message to deliver to an entrepreneur dreaming of millions of investment money that their project is not fundable. 

Some, not fundable yet. 

Some, not fundable ever. 

Many entrepreneurs tune out if you tell them so. 

We do, regardless. 

But we also tell them that they can still build the business and either they will have to bootstrap for a while, or forever. We tell them Entrepreneurship = Customers + Revenues + Profits. Financing and Exit are Optional.

And then, we teach them how. How to Ideate, how to Validate, how to Bootstrap, how to Position, how to Acquire Customers, TAM, GTM, PMF – the whole nine yards. We teach you the way no accelerator does. And we teach you whether or not you are fundable.

Personally, I find it disheartening to see entrepreneurs give up. But they do. Even good ones do. I am still learning to take that in stride, and continue to believe that entrepreneurial energy is like air, water and other essential elements. We need to reduce infant entrepreneur mortality. 

On the flip side, some people just don’t have what it takes. Entrepreneurship is not for everyone. This is also a core reality.

If you need help with your startup Strategy, join 1Mby1M Premium. It would be my pleasure to guide you.

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

Tell me. What are your challenges? How can we help?