Sramana Mitra: My thesis on agentic AI is exactly what we discussed earlier: solving specific problems with deep domain knowledge. The production systems that are getting real traction and generating significant revenue are those solving major enterprise problems.
A great case study is Autonomize. The health insurance authorization process still relies on fax machines. Autonomize digitized the process, added agents and automation, kept humans in the loop, and delivered massive efficiency gains. These are real production systems generating hundreds of thousands of dollars.
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Adelaide is Australia’s quiet achiever. While Sydney and Melbourne dominate startup headlines, Adelaide has been steadily cultivating a deep tech ecosystem anchored in its world-class universities, strong defense sector, and government-backed innovation infrastructure. This city exemplifies how regional innovation hubs can evolve strategically by aligning academic research, government policy, and entrepreneurial execution—a triad that, when harnessed through a capital-efficient mindset, can deliver sustainable outcomes for founders.
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I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Curtains in the Wind V
Curtains in the Wind V | Sramana Mitra, 2023 | Watercolor, Ink, Pastel | 9 x 12, On Paper

When people think of startups, Perth isn’t always the first city that comes to mind. Yet this western outpost, closer to Singapore than to Sydney, plays a crucial role in Australia’s broader innovation narrative. Historically defined by its mining and resources economy, Perth is now quietly reinventing itself through digital transformation, energy tech, and applied AI. This evolution makes it an intriguing case study in how legacy industries can spawn modern, capital-efficient innovation—if founders resist the temptation of premature blitzscaling.
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While Sydney and Melbourne dominate Australia’s startup headlines, Brisbane has quietly been cultivating an ecosystem rooted in pragmatism, collaboration, and sustainability. It’s less about the frenzy of venture capital and more about building real businesses that serve real customers. For this reason, Brisbane’s emerging founders are uniquely positioned to embrace the 1Mby1M philosophy of Bootstrapping First, Raising Money Later.
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TAM = Total Available Market. Most entrepreneurs do a terrible job of modeling a defensible TAM. Yet, TAM drives Fundability. It’s not exactly something you can afford to mess up. The most common TAM error is choosing Top-down TAM over Bottom up TAM.
Top-down, 30,000 ft TAM means nothing.
Please go through the Market Sizing module in the 1Mby1M Curriculum.

Entrepreneurs are invited to the 711th FREE online 1Mby1M Mentoring Roundtable on Thursday, December 11, 2025, at 8 a.m. PST / 11 a.m. EST / 5 p.m. CET / 9:30 p.m. India IST.
If you are a serious entrepreneur, register to Pitch and sell your business idea. You’ll receive straightforward feedback from Sramana Mitra, advice on next steps, and answers to any of your questions. Others can register to Attend to watch and learn.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Please share with any entrepreneurs in your circle who may be Interested.
In case you missed it, you can listen to the roundtable recording here:
Register for our next roundtable here.
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