The Startup Velocity Question: What Hinders Acceleration in VC Funded Companies?

I have been running 1Mby1M since 2010. I find myself saying to entrepreneurs ad nauseam that VCs want to invest in startups that can go from zero to $100 million in revenue in 5 to 7 years.

Startups that do not have what it takes to achieve velocity should not be venture funded.

Experienced VCs, over time, have developed heuristics to gauge what constitutes a high growth venture investment thesis. 

1Mby1M Udemy Courses with Sramana Mitra: Bootstrapping

Over the course of two years, we have released over 70 courses on Udemy with the aim to democratize entrepreneurship education at scale globally. This series of posts aims to help you find the one you need easily and provide you with discount coupons.

Bootstrapping Decisively to $5M+ in Revenue: Mack Sundaram, CEO of RainmakerForce (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Mack has built a successful business optimized for autonomy and profitability. Excellent navigation!

Sramana Mitra: Let’s go to the very beginning of your journey. Tell us where you’re from. Where did you grow up? Where were you born and raised?

Mack Sundaram: I was born in South India in a village near Chennai. I spent some time of my childhood in Chennai and Pondicherry. I later went to school in New Delhi. Since then, I moved over to the United States where I got an opportunity to pursue a doctoral degree in Economics. That’s where the transition happened. >>>

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Successful Pivots: Anthony Ferry, CEO of PriceSpider (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.

Anthony has navigated PriceSpider with some astute strategic moves. Read on to learn more. Strategic maneuverings of real entrepreneurs, by the way, are great learning opportunities.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Anthony Ferry: I was born in Inglewood,California. I haven’t strayed very far from there. I moved down south a little bit into South Orange County in the mid-70’s all the way through high school. In college, I ventured just a little bit up north to a local >>>

Solo Entrepreneur, Bootstrapping with a Paycheck and a Virtual Company: Cedric Savarese, CEO of FormAssembly (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Cedric’s story is a textbook case study of the kind of entrepreneur we want to see emerge and grow in every corner of the world: a solo entrepreneur who is a developer and a product guy capable of getting to validation while holding onto a day job. Today, Cedric has almost 50 employees spread around the world, and while it maintains a small office of fewer than 10 people in Indiana, the bulk of the company has scaled as a virtual workforce. Excellent model, and I encourage aspiring entrepreneurs to read this carefully.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? >>>

Bootstrapping to Exit: TimeSlips CEO Mitch Russo (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Mitch tells the story of how he built TimeSlips and sold it to Sage. Very entertaining as well as instructive.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Mitch Russo: I was born in New York. I was raised in a small community called Manhattan Beach, Brooklyn. It was there that we basically started a rock band. Using the idea of how to build an entertainment platform as a rock band in high school, I learned a lot about entrepreneurship and I learned a lot about what it takes to make money and how to promote and share content. >>>

A Conversation About Sexual Harassment with Janine Yancey, CEO of Emtrain (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Janine has built a $5M a year bootstrapped business in the realm of legal training for employment and workplace issues. A core part of her expertise is in sexual harassment and related concerns that are currently hot topics in the industry. This is a must-read interview for those following the discussion in the media.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Janine Yancey: I’m from Los Angeles, but then I was educated in Berkeley and then at Hastings College of Law, which is in >>>

Bootstrapping with Sophisticated Strategy: Rob Douglas, CEO of BioConnect (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Rob has built a thriving founder-financed business from Toronto using very sophisticated strategic maneuvering. I just loved discussing the strategic nuances of this business. You’ll learn a LOT from reading this story.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Rob Douglas: I’m a Canadian. I was born just outside of Toronto. I have grown up in and around the city of Toronto. I’m >>>

Leveraging Domain Knowledge and Network: Ari Paparo, CEO of Beeswax (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

If you have great domain knowledge and a domain-specific network, both of those can be leveraged to build excellent companies with reasonable amounts of capital and minimum friction. Beeswax is an excellent case in point.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Ari Paparo: I’m a lifelong New Yorker. I’ve lived here most of my life. I went to college in Washington DC and pretty quickly >>>

$200 Million in Revenue Catering to the Bottom of the Pyramid: Issa Asad, CEO of Q Link Wireless (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

This is a fascinating journey of an entrepreneur who has bootstrapped a $200 million business catering to poor people in the United States selling cellular phones and connections, and monetizing the data through advertising. In India, Reliance Jio has a similar strategy, by the way, for those interested in bottom-of-the-pyramid businesses.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Issa Asad: I was born and raised in the United States. I am of Palestinian descent. I am one of 12 brothers and sisters. My >>>

Bootstrapping From Romania: Marius Hanganu, CEO of Tremend (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Marius has built a services company from Romania to over $5 million in revenue. Now, he is trying to bootstrap a product using the services business.

Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in what kind of background?

Marius Hanganu: I’m from Romania. I was born near the seaside. At an early age, we moved to the capital city of >>>

Genesis to Acquisition: Mike Morris, CEO of Topcoder (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Mike founded Topcoder, then left and joined Appirio. Appirio acquired Topcoder. Wipro then acquired both Appirio and Topcoder. Very interesting storyline.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Mike Morris: I was born in a town outside of Boston and grew up in a fairly large family. I’m the youngest of seven and went to Catholic schools for the majority of my life. I went to Boston College High School and I continued on into Boston College. I played sports >>>