621st 1Mby1M Roundtable Recording

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

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Cloud Stocks: Klaviyo Tests the IPO Market

According to a recent report, the global marketing technology (MarTech) market is expected to grow at 20% CAGR through 2030 from $325.7 billion in 2022. Recently listed Klaviyo (NYSE: KVYO) is making its mark in the industry.

Roundtable Recap: October 12 – Why Do VCs Reject Entrepreneurs?

During this week’s roundtable, we discussed why there is such a high rejection rate in the startup industry when it comes to venture financing. One of the entrepreneurs, for example, is doing a hybrid business that includes hardware and SaaS. This business is likely to scale less fast than the VC target. Others have TAM issues.

I discussed all this and more in today’s session.

You can listen to the recording of this roundtable here:

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621st 1Mby1M Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Today’s 621st FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, October 12, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup  All are welcome!   

Best of Bootstrapping: Excess is NOT Required for Success

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

Let’s do a thought experiment.

List all the things you want to do with your life if you had additional resources.

How many of these require additional money?

How much additional money do you need to acquire to afford these things?

How many of these require additional time?

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621st Roundtable for Entrepreneurs Starting in 30 Minutes: Live Tweeting by @1Mby1M

Today’s 621st FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, October 12, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup  All are welcome!

Best of Bootstrapping: Don’t Go to VCs as a Beggar – Go as a King!

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

Negotiation is a straightforward game. You can only negotiate if you have options.

A long time ago, when I was a young entrepreneur making my way in Silicon Valley, I found myself at the mercy of people who knew I had no option.

I did not have a Green Card.

My negotiating leverage was limited, almost non-existent.

And people took advantage of me.

I have mentored entrepreneurs now for well over a decade. I always try to help them create negotiating leverage.

There is nothing that gives entrepreneurs more leverage than customers and revenues.

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Best of Bootstrapping: Why 99% of Entrepreneurs Face Rejection and How to Overcome It

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

Let’s start with a quote from Marc Andreessen:

“At our venture capital firm we only invest in a sort of Silicon Valley–style tech. We see 3,000 inbound deals a year. And those are inbound and coming through our referral network, so those are sort of prequalified. We can do maybe 15 or 20 investments out of the 3,000 a year. So I like to say our day job is crushing entrepreneurs’ hopes and dreams. Our main skill is saying no, and getting people to not hate us.” Source: Inside the mind of Marc Andreessen – Fortune Management

I run One Million by One Million (1Mby1M), a global virtual accelerator for startups. 2023 is our thirteenth year supporting entrepreneurs.

Thousands upon thousands of entrepreneurs have approached us for help with their funding at a stage where their chances of getting funding is ZERO. We can’t help them, regardless of how powerful our investor connections are. We can’t help a startup get funding before they become fundable. It pains me to see how many entrepreneurs have no idea what makes a startup fundable.

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