Success in Entrepreneurship Is Personal

The 1Mby1M Mantra has always been: Excess is not a Requirement for Success in Entrepreneurship. YOU get to define what success means for you. It’s personal. It’s your prerogative.

Do not live other people’s lives.

For some, becoming a billionaire is success.

For others, building a $1M revenue business and having a nice family life is success.

Both points of views deserve equal respect.

There is nothing wrong with ambition.

There is also nothing wrong with the desire for a balanced family life.

If you want to build a billion dollar business, it has its own specific dynamics.

If you want to do so going the venture financing route, then you have to drive hard, and move fast. You have to go from 0 to $100M in revenue in 5-7 years.

Bootstrapped entrepreneurship can be linear growth, slower paced, less stressful. But not necessarily that easy either.

Somewhere in between are options like Bootstrapping or Seedstrapping to an earlier Exit. Could be very lucrative.

If you choose to seek my advice, please join 1Mby1M Premium, an accelerator that doesn’t charge equity and functions as a highly effective online entrepreneurship program for entrepreneurs around the world. We support ALL types of entrepreneurs. We respect all definitions of success in entrepreneurship.

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

Do you want to build a Unicorn?

Do you want to Bootstrap to an Exit?

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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.