Be Careful Who You Take Startup Advice From

Everybody is a startup mentor these days. On LinkedIn, startup advice is cheap and abundant.

It can also be very BAD.

One fellow was ‘advising’ entrepreneurs to take liquidity as early as possible in the funding process.

I don’t know how many times this person has raised money.

I know this: asking to take liquidity early on is a huge red flag for investors contemplating an investment in your company.

It shows lack of conviction.

It shows lack of commitment.

It shows lack of endurance.

While it’s okay to take some liquidity in Series C, D, or E, it is not at all okay to do so in seed, Series A or Series B.

Not all advice is good advice.

Be careful whom you choose to listen to.

If you choose to seek my advice, please join 1Mby1M Premium.

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

I teach a very specific methodology: Bootstrap First, Raise Money Later.

You could build a Unicorn.

But chances are, you would build a REAL Unicorn, not a FAKE Unicorn with bloated valuations.

And your risk of dying a death by overfunding is considerably lower.

Do you need mentoring to build a REAL business?

Explore Topics Related to Startup Advice

• Why Non-Equity Accelerators Matter
• Equity vs Non-Equity Accelerators
• How to Choose a Non-Equity Accelerator
• Success Stories from the 1Mby1M Non-Equity Accelerator
• Bootstrapping or Seedstrapping to Exit are okay for Equity-Free Accelerators
• Small TAM Is Okay for Equity-Free Accelerators
• The Myth of “Unfundable” LLM Wrapper Startups
• Ownership Matters: Why Founders Should Protect Their Equity and how 1Mby1M Helps
• Top Equity-Free Accelerators in the World — and Why 1Mby1M Is Your Best Choice
• Learn why Equity-Free Accelerator is Crucial

One Million by One Million (1Mby1M) is the first global virtual accelerator in the world, founded in 2010 by Silicon Valley serial Entrepreneur Sramana Mitra. It offers a fully online entrepreneurship incubation, acceleration and education resource for solo entrepreneurs and bootstrapped founders working on tech and tech-enabled services ventures. 1Mby1M does not charge equity, offers an AI Mentor available 24/7 in 57 languages, and offers a compelling alternative to Y Combinator and other equity accelerators.

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, 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.