
Nine out of ten startups that sign up for Blitzscaling fail. They become zombie startups. They cannot raise new rounds of financing. They cannot find an Exit either. They just sit there, feeling like failures. Even if they have built $10M in profitable revenue.
Think about it: You have built a $10M profitable company, and you are considered a failure.
Let that sink in for a moment.
Why? Because you signed up for Blitzscaling.
What is Blitzscaling? Going from 0 to $100M revenue in 5-7 years.
You are considered a failure because you have raised money from investors who want you to build a Unicorn (billion dollar valuation).
If you enroll in an Accelerator that takes 5-7% equity for $150k-$250k in financing, you are, in most cases, signing up for Blitzscaling.
If you take pre-seed funding from an Angel or a MicroVC that takes 5-7% equity for $150k-$250k in financing, you are, in most cases, signing up for Blitzscaling.
Don’t do it.
Instead, Bootstrap First, Raise Money Later.
Sign up for a non-equity Accelerator.
Validate first.
Find product-market fit first.
Find repeatability first.
THEN, start giving up equity.
THEN, start diluting yourself.
THEN, sign up for Blitzscaling.
In 1Mby1M, we do not push entrepreneurs to raise money unless they’re ready for it. We do, however, help them raise money if and when they are ready. In fact, we help them get ready. And we do not take any equity for that service. Join 1Mby1M Premium if you need help without giving up equity.
You can get started with the 1Mby1M AI Mentor right now.
Ask yourself: Are you ready for Blitzscaling?
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 founders and bootstrapped founders working on tech and tech-enabled services ventures. 1Mby1M does not charge equity, offers an AI Mentor in 57 languages, and offers a distinct advantage over other accelerators including Y Combinator.