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

During this week’s roundtable, we had Mohanjit Jolly, Partner at Iron Pillar Fund, discussing his firm’s growth stage investment thesis.
You can listen to the recording of this roundtable here:

IBM (NYSE:IBM) reported its third quarter results yesterday that outpaced expectations but it failed to excite the market. IBM’s stock fell 6% in the after-hours trading session post the result announcement.
>>>Sramana Mitra: So, tell me exactly what happened. What did you have in the product when customers started asking, “How much”?
David Villalon: The main problem we had was that we’d built an engine we could personally make do anything. We could customize it for any customer, but that approach didn’t scale.
>>>Today’s 705th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, October 23, 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!

I want to share with you an observation from running the 1Mby1M program since 2008. Almost 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. Thousands and thousands of premium member coaching sessions.
Entrepreneurs are obsessed with financing.

The Accelerator Conundrum is a multipart series that challenges the prevailing wisdom of the tech startup ecosystem that entrepreneurs should Blitzscale out of the gate. Written by Sramana Mitra, the Founder and CEO of One Million by One Million (1Mby1M), the world’s first global virtual accelerator, it emphatically argues that a better strategy is to Bootstrap First, Raise Money Later, focus on customers, revenues and profits. 1Mby1M’s mission is to help a Million entrepreneurs reach a million dollars in annual revenue and beyond. Sramana’s Digital Mind AI Mentor virtually mentors entrepreneurs around the world in 57 languages. Try it out!
Bhutan is one of the most distinctive nations on earth. Guided by the Gross National Happiness (GNH) index, the country’s policies aim to balance economic development with cultural preservation and environmental sustainability. With a population of fewer than 800,000 people and a relatively small economy, Bhutan’s entrepreneurial ecosystem faces unique challenges and opportunities.
>>>Sramana Mitra: Double-click down on where you were — what use case you were applying this knowledge processing unit workflow to?
David Villalon: In the early days, that was one of the biggest questions we had to solve.
Sramana Mitra: For your startup, that’s always the biggest question you have to solve.
>>>