
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 most significant differentiator between 1Mby1M and traditional Lao accelerators is the nature of our mentorship. A typical accelerator, whether it’s the KOICA program or another initiative, relies on a limited pool of human mentors. While these individuals are often brilliant and well-intentioned, their availability is inherently finite. Mentorship sessions are scheduled, often on a weekly or less frequent basis, and the advice is constrained by the mentor’s personal network and experience.
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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 startup ecosystem in the Lao People’s Democratic Republic, while nascent and full of untapped potential, faces a fundamental challenge: the blind application of an “imported” accelerator model. Much like its neighbors, Laos has seen the rise of programs that mimic the Silicon Valley playbook—fixed-term, cohort-based, and heavily centered on a “Demo Day.”
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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 most significant differentiator between 1Mby1M and traditional Myanmar accelerators is the nature of our mentorship.
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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!
Myanmar’s startup ecosystem, a burgeoning but complex environment, shares a critical challenge with its regional counterparts: the tendency to adopt an “imported” accelerator model that is not always suited to the local context. While a mobile-first society with a large, young, and tech-savvy population offers immense potential, many of the programs designed to support it have mimicked the Silicon Valley playbook.
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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!
Vietnam’s startup ecosystem has grown rapidly over the past decade, fueled by a young, tech-savvy population, increasing foreign investment, and a vibrant entrepreneurial culture. Yet, despite this momentum, Vietnamese founders face structural challenges: limited access to early-stage capital, high competition for accelerator slots, and pressure to scale quickly in an emerging but volatile market.
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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!
Our 1Mby1M philosophy is a radical departure from the local norm. We are not a fixed-term program. We don’t run a cohort. We do not take a single cent of equity from our entrepreneurs. And we are not conflicted by investors or corporate partners. We are a continuous, long-term business development program built on one core, unshakeable principle: your success is our only metric. We are laser-focused on helping you build a company that can reach a million dollars in annual revenue. This is a goal that is both ambitious and achievable for millions of entrepreneurs globally, and it’s a far more powerful metric than any valuation.
>>>This article summarizes Singapore’s Startup Accelerator Ecosystem. It examines the accelerator conundrum, the impact of AI layoffs and compares 1Mby1M to the top startup accelerators across key dimensions.

Singapore, the so-called “Little Red Dot,” has long cultivated a reputation as a startup hub. With its stable government, robust infrastructure, and access to capital, it has successfully attracted global talent and a dense network of incubators and accelerators. This has created a vibrant, but ultimately flawed, ecosystem.
>>>Sramana Mitra: What size checks do you write at pre-seed and seed, and what proof points do you look for?
JP Persico: At pre-seed, we focus more on the technology and the team. Who’s the team? Is there a single CEO or co-founders? What industry are they targeting? What kind of software are they building? We look for early indicators of product-market fit, though not full product-market fit yet.
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