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 Large Scale Enterprise Software Companies: Louis Tetu, Founder of Taleo, CEO of Coveo (Part 1)

This interview gives us an opportunity to speak with a seasoned enterprise software entrepreneur who has founded and scaled a number of companies, including Taleo that went public, and was eventually acquired by Oracle for $1.9 billion.

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

Louis Tetu: I’m French-Canadian. I was born and raised in Quebec, Canada. I live there with my wife and three children and that is where we started several software companies, including Taleo and Coveo.

Sramana Mitra: Let’s start with a little more context. What did you do in terms of education?
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Featured Videos

Building a Global Education SaaS Company From India: WizIQ CEO Harman Singh (Part 1)

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

Harman Singh has put up a heroic effort to build a global education SaaS company from Chandigarh, India. Now, many years since his journey began, the company has started finding its stride. As the cliché goes, it’s a marathon, not a sprint!

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

Harman Singh: I was born and raised in a small town in North India, which was known as the Manchester of India because of its small manufacturing businesses. My father was one of those small business owners manufacturing electrical goods during the  >>>

Bootstrapping With A Paycheck From Atlanta: Ingenious Med Founder Steve Liu (Part 1)

We just launched out Bootstrapping With A Paycheck book, the 11th volume in the Entrepreneur Journeys series. Here’s yet another instance of a very successful company being built in this mode.

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

Steve Liu: I was born in the United States. I was born in DC and lived in Virginia my whole life. My parents were immigrants but not your typical immigrants. My father came to UVA for his undergraduate studies. I grew up pretty typical with Asian parents. I’m sure you know what I’m talking about.

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Building a Healthcare IT Company out of Georgia: Reach Health Founder Grant Kohler (Part 1)

Spun out from university research, Reach Health is an interesting case study in building a company around concepts like Telemedicine and remote healthcare.

Sramana Mitra: Steve and Grant, I would love to have your back stories. Where were you born and raised, and in what kind of circumstances? What paths did you follow in terms of college and so forth? How did your paths intersect?

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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. >>>

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. >>>