Building a Venture Scale Two-sided Marketplace for College Prep to 8-Figure Revenue: Empowerly CEO Hanmei Wu (Part 2)

Sramana Mitra: And what did you end up doing to address that itch?

Hanmei Wu: Well, it wasn’t very planned out, to be honest. I was still quite young, only a few years out of college. I was just kind of doing it on my own at first, maybe just charging an hourly amount. I was helping with essays and things like that. Then I decided that I want to get some other people to help me with this.

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Start With Customers Not Investors

For our Seed Capital series of podcasts, I’ve interviewed hundreds of investors, especially micro-VCs and angels who play an important role in the early-stage game. The toughest round of funding an entrepreneur will seek to raise is Pre-seed. How do you increase your odds?

Pre-seed has the lowest probability of success. Over 99% of the entrepreneurs who seek financing are rejected. 

So, my humble advice to all entrepreneurs: please learn to assess your own probability of getting funded.

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Building a Venture Scale Two-sided Marketplace for College Prep to 8-Figure Revenue: Empowerly CEO Hanmei Wu (Part 1)

EdTech is notoriously difficult to build at venture scale. Hanmei is doing it.

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July 31 – 696th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 696th FREE online 1Mby1M Mentoring Roundtable on Thursday, July 31, 2025, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST.

If you are a serious entrepreneur, register to Pitch and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to Attend to watch, learn, and interact through the online chat.

You can learn more here and and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be Interested.

695th 1Mby1M Roundtable Recording

In case you missed it, you can listen to the recording of this roundtable here:

1Mby1M Virtual Accelerator AI Investor Forum: Felix Hartmann, Hartmann Capital (Part 6)

Sramana Mitra: So, I’m going to give the audience a pointer. Actually, quite a number of years ago, before the pandemic, I wrote a series called “Man and Superman: Human History Bifurcates,” which addresses exactly this. It’s all available on my blog for you to read. My thesis was that people who do not choose to augment are going to be at a disadvantage, and now we are seeing more real manifestations of that.

Roundtable Recap: July 24 – India Investment Thesis with Vinit Bhansali, Takshil Venture Partners

During this week’s roundtable, we had Vinit Bhansali, Founder and General Partner at Takshil Venture Partners, discuss how his firm is investing in India.

Indorve

As for our entrepreneur pitch, we had Adesh Kumar from Jhansi, India, pitch Indorve. It sounded to me like a TaskRabbit for India. Good idea!

You can listen to the recording of this roundtable here:

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1Mby1M Virtual Accelerator AI Investor Forum: Felix Hartmann, Hartmann Capital (Part 5)

Sramana Mitra: You know, I read something interesting as you’re talking about this idea of glasses and the augmentation of your experience.