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.

Building a Global Technology Company from Australia: Avoka CEO Phil Copeland (Part 1)

Phil bootstrapped Avoka using services around an Adobe product, and then developed core IP and a product of his own at Avoka. The methodology is tried and true, and worth learning from.

Sramana Mitra: Let’s start with the beginning of your story. Tell us where you’re from, where you were born and raised, and in what kind of circumstances.

Phil Copeland: I was born in Sydney, Australia in 1958. I attended school in Australia and studied Architecture in the late 70s and graduated in the early 1980s. People of my generation had little computer education at school and even at universities. My first exposure to computing was when I was writing my thesis on passive solar design. >>>

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Aiming to Disrupt Consumer Credit: Al Goldstein, CEO of AvantCredit (Part 1)

Consumer Credit is a $10 trillion dollar industry that Al and his team are trying to turn on its head. Aided by Big Data and machine learning, they are creating a direct to consumer lending model that may have far reaching impact on the financial services industry.

Sramana Mitra: Let’s start at the beginning of your journey. We can talk about your co-founders, but let’s start with your background a bit and share with the audience where you’re from and where your personal journey started.

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Building a Subscription E-Commerce Business from Switzerland: Samy Liechti, CEO of Blacksocks (Part 1)

Samy Liechti has built up a very nice subscription e-commerce business from Switzerland selling socks, underwear, and shorts. The company is 100% bootstrapped.

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?

Samy Liechti: I’m Swiss and grew up in Switzerland. I went to one of the finest European business schools. I studied Business and Economics in Switzerland, Paris, and Toronto. After graduating, I worked in marketing and communications before I opened up my own company. >>>

Bootstrapping a Credit Card Processing Business: Payscape CEO Adam Bloomston (Part 1)

Adam has scaled a very simple business diligently, systematically. Have a look at how.

Sramana Mitra: I want to go to the very beginning of your personal story, where are you from, where were you born, raised, and what kind of background?

Adam Bloomston: I grew up in Birmingham, Alabama and studied at the University of Alabama. I moved to Atlanta, Georgia in 2000. >>>

Mass Customization in Online Fashion E-Commerce: Indochino CEO Kyle Vucko (Part 1)

Mass customization has been the holy grail of fashion e-commerce for the longest time. Meet Kyle Vucko, CEO of Indochino, a men’s fashion company that has cracked the code.

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

Kyle Vucko: I grew up in Victoria. It’s a smaller town on the west coast of Canada. I ended up going to the University of Victoria where I met my good friend Heikal Gani, who is my co-founder. >>>

How To Monetize a Q&A Site: Answers.com CEO David Karandish (Part 1)

You would think question and answer sites are hard to monetize. Read how David Karandish built Answers.com to be a profitable $200M+ company … Note, the much-hyped Quora doesn’t monetize at all yet.

Sramana Mitra: David, let’s start with your background. Where does your story begin? What is the back-story to the Answers.com story?

David Karandish: I was born and raised in Saint Louis, Missouri. I went to Washington University in Saint Louis and studied computer science and entrepreneurship. While I was in high school, my friend Chris and I started working together on a bunch of entrepreneurial ventures. We did that through college, graduated with a degree in Computer Science, and then ultimately started this current company. >>>

Bootstrapping a $175 Million Business with Services: TEOCO CEO Atul Jain (Part 1)

There is, of course, a myth that you cannot build a large company by bootstrapping. What a total pot of crap! Meet Atul Jain, and get your premises checked and readjusted.

Sramana Mitra: Let’s start at the very beginning of your story. Where were you born, raised, and educated? Tell us a bit of the backstory of your current entrepreneurial story.

Atul Jain: I was born in Kanpur, India. I was born in a lower-middle class family. My father was an engineer in PWD. I am the youngest of three children. The eldest is my sister Manu Jain and I have an elder brother Naveen Jain. At the age of eleven, I received a merit scholarship from the Government of India to study in a residential school. >>>

Building an Online Real Estate Business From Brazil: Brian Requarth, CEO of VivaReal (Part 1)

We’ve done Entrepreneur Journeys stories on a few Latin American entrepreneurs like Marcos Galperin (MercadoLibre), Ricardo Villadiego (Easy Solutions), Rodrigo Teijeiro (Sonico), and Martin Migoya (Globant). In this story, we bring you Brian Requarth, whose scrappy maneuvering has resulted in a $10M+ business with $30M+ in financing – a tough act in Latin America.

Sramana: Brian, let’s start with the very beginning of your story. Tell us where you were born, raised, in what kind of circumstances?

Brian Requarth: I was born in a small town in California called Sebastopol in Northern California. I was raised in a middle-upper class environment. My dad was an entrepreneur and had a small business. >>>

Bootstrapping Using Services: InRule COO Rik Chomko (Part 1)

Rik and his team had to navigate a long journey, including a recession that disrupted one of their key customer segments dramatically. Read how they survived.

Sramana: Rik, let’s start with the beginning of your story. Where are you from? Where were you raised? What kind of circumstances? Give us some of the back story.

Rik Chomko: I was born in the Chicago land suburbs and grew up there. My dad introduced me to computers at a very early age, which was way back in the 70’s, mostly because that’s what he did for a living. He’s one of the first people, I think, that jumped on to the information technology bandwagon. >>>

Building a Global Software Company From Australia: Bigcommerce Co-Founder Mitch Harper (Part 1)

We seldom see global software companies emerge out of Australia. Bigcommerce is a rare exception.

Sramana Mitra: Let’s start with the beginning of your personal story. Where are you from? Where were you born and raised? What’s the back story of BigCommerce?

Mitch Harper: I was born and raised in Sydney in Australia. Bigcommerce was also born in Sydney five years back in 2009 when I was about 27 years old.

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