Today’s 691st FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, June 26, 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!
Sramana Mitra: Interesting. It’s actually highlighted a lot of points that you are willing to cross geographies, which I was going to ask you about anyway.
Let’s do a couple more case studies.
>>>Let’s get to the heart of what makes the 1Mby1M model not just an alternative, but a superior pathway for most serious entrepreneurs: its unwavering commitment to bootstrapping.
>>>We’ve meticulously dismantled the prevailing myths and exposed the inherent flaws of the traditional 3-month equity-based accelerator.
>>>We’ve discussed the equity drain, the elusive network, and the mirage of manufactured growth.
Now, let’s address an equally critical, yet often overlooked, cost: the sheer opportunity cost of dedicating 90 intense days to an accelerator program.
While you’re immersed in their curriculum, chasing their deadlines, and perfecting your Demo Day pitch, what else could you, the entrepreneur, have been doing with that invaluable time, focus, and energy?
>>>Sramana Mitra: So, talk about some case studies of problems that you have chosen to double click down on and run this process on.
>>>A very effective way to dance the entrepreneurial Waltz is to do a bootstrapped company first, sell it, and then do another venture with a more ambitious agenda. From 2021, Jeremy Swift’s journey as Co-founder and CEO of Cordial is a great case study of this method.
Sramana Mitra: Let’s go to the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
Jeremy Swift: I was born in Beaverton, Oregon. Most people know about Beaverton because of Nike. It’s a small suburb outside of Portland. I grew up in what I would consider a small middle class family. Both my parents were a rare breed and especially different from the path that I’ve taken in my life. The first job they got out of college is the same job that they retired with 40 plus years later.
One of the most potent carrots dangled by accelerators, designed to lure in hopeful founders, is the implicit (and often explicit) promise of “follow-on funding.”
>>>