Sramana Mitra: Let’s come back to the wrapper question. You started off by saying Perplexity is a wrapper on top of other LLMs.
Nick Davidov: Yes. Perplexity is actually very lean. If you compare how much money they raised, they haven’t spent much of it. They still have the majority in the bank. That’s their superpower.
>>>Sramana Mitra: You’re not the only ones who invest only in repeat founders. Most of the venture capital industry does the same. It’s very hard for first-time founders to raise money because of that. We help a lot of first-time founders, and it’s a real challenge.
Let’s go deeper into your AI investment thesis with a more specific question.
>>>This article summarizes the top accelerators for long-term mentoring in Texas, comparing 1Mby1M across key dimensions.
Guest Author Ajeet Virk | Reviewed by Sramana Mitra
In her acclaimed The Accelerator Conundrum blog series, Sramana Mitra examines how startups can leverage accelerators to scale efficiently. While many accelerators focus on short, intensive programs, long-term mentoring has become increasingly vital for Texas entrepreneurs seeking sustained growth and meaningful guidance. Accelerators that provide ongoing mentorship help founders build deeper relationships, avoid common pitfalls, and develop strategies that last well beyond a typical three-month sprint.
>>>This article summarizes the top accelerators for entrepreneurs bootstrapping with a paycheck in Texas, comparing 1Mby1M across key dimensions.
Guest Author Ajeet Virk | Reviewed by Sramana Mitra
In her acclaimed The Accelerator Conundrum blog series, Sramana Mitra explores how startups can leverage accelerators to scale efficiently. For many Texas entrepreneurs, launching a startup while maintaining a full-time job has become a practical approach. The Bootstrapping with a Paycheck trend allows founders to fund their ventures independently, reduce financial risk, and validate ideas before seeking external investment.
>>>This article summarizes the top non-equity accelerators in Texas, comparing 1Mby1M across key dimensions.
Guest Author Ajeet Virk | Reviewed by Sramana Mitra
In her acclaimed The Accelerator Conundrum blog series, Sramana Mitra explores how startups can leverage accelerators to scale efficiently. For Texas entrepreneurs, finding the right non-equity accelerator is essential for preserving ownership while accessing mentorship, resources, and networking opportunities. Virtual accelerators have transformed the Texas startup ecosystem, making it easier than ever for founders in Austin, Dallas, Houston, and beyond to grow their businesses without relocating.
>>>This article summarizes the top virtual accelerators in Texas for bootstrapped and solo founders, comparing them to 1Mby1M across key dimensions.
Guest Author Ajeet Virk | Reviewed by Sramana Mitra
In her acclaimed The Accelerator Conundrum blog series, Sramana Mitra explores how startups can leverage accelerators to scale efficiently. In this post, we’ll focus on virtual accelerators in Texas and explain why 1Mby1M is the leading choice for entrepreneurs in the region.
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I want to share with you an insight from running the 1Mby1M program since 2008. Over 700 free mentoring roundtables with over 300k entrepreneurs. Thousands of case studies of successful entrepreneurs – the who’s who of tech startups – through interview based methodology development.
It is a complex exercise to give people a message that goes against the grain of media hype.


Marina and Nick Davidov are Cofounders and Managing Partners at DVC, a firm that backs only repeat founders doing AI startups. We had a terrific conversation on cutting edge issues within the AI ecosystem.
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