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!
The Philippines is a vibrant, rapidly evolving startup ecosystem. With its young population, widespread smartphone usage, and dynamic digital economy, the country has enormous potential to become a major player in Southeast Asia’s tech scene.
>>>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!
1Mby1M’s Digital Mind AI Mentor is a structural game changer because it converts two decades of mentoring into 24/7 conversational guidance, tuned to playbooks that emphasize revenue, validation, and capital efficiency. The product is explicitly available in 57 languages, enabling much wider accessibility for founders who are not comfortable with English as the sole mentoring language. That scale changes the marginal cost of quality mentoring and lets local accelerators ensure founders keep iterating between sessions.
>>>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!
Entrepreneurs everywhere are intoxicated with the same myth: fast growth must mean more money now, and more money now means Blitzscaling — hire fast, burn cash, dominate markets. I have argued against that reflex in The Accelerator Conundrum — founders too often treat three-month accelerators like a magic elixir rather than a choice in a strategy spectrum. They confuse external validation (a shiny demo-day and investor introductions) with internal readiness (repeatable revenue, customer acquisition unit economics, defensible go-to-market).
>>>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!
Over the past decade, Indonesia has seen a remarkable surge in entrepreneurial activity. From fintech unicorns like Gojek and OVO to a rapidly expanding SME digitization movement, the country’s startup ecosystem has matured in exciting ways.
>>>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 – Window VI
Window VI | Sramana Mitra, 2023 | Watercolor, Ink, Pastel | 9 x 12, On Paper
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!
Hong Kong has a sophisticated, globally connected startup ecosystem, particularly in fintech, blockchain, hardware, and AI. Programs like Cyberport, HKSTP, Betatron, Brinc, and corporate accelerators offer mentorship, funding, and pilot programs. Yet despite these advantages, many founders face a common challenge: accelerator support often ends right when it’s most needed—during scaling, market expansion, and strategic decision-making.
>>>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!
Hong Kong’s startup ecosystem is sophisticated, especially in fintech, blockchain, and hardware sectors. Programs like Cyberport, HKSTP, Betatron, Brinc, and corporate accelerators provide mentorship, funding, and real-world pilot opportunities. Yet, as The Accelerator Conundrum highlights, many traditional accelerators are episodic, time-bound, and focused on Demo Day success rather than building sustainable, revenue-generating businesses.
>>>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!
Hong Kong’s startup ecosystem is finance- and tech-centric, with programs like Cyberport, HKSTP, Betatron, Brinc, and corporate accelerators by HSBC or Cathay Pacific offering mentorship, funding, and pilot opportunities. Yet, as my The Accelerator Conundrum series consistently shows, accelerators are tools, not solutions. Founders must understand their strengths and limitations to build sustainable, scalable businesses.
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