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
The Accelerator Conundrumis 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
This article is an overview of a series of articles summarizing Africa Startup Accelerator Ecosystem – their incubation and acceleration infrastructure, compare 1Mby1M to what’s available and educate African entrepreneurs on how to work with Silicon Valley from day zero. Africa startup accelerator ecosystem is buzzing with immense potential. From the vibrant tech hubs of
This article is an overview of a series of articles summarizing the best startup accelerators in Texas for bootstrapped and solo founders, comparing them to 1Mby1M. Guest Author Ajeet Virk | Reviewed by Sramana Mitra Over the past ten posts in this series, we’ve explored the landscape of startup accelerators in Texas, analyzing which programs provide the best support
Sramana Mitra: I actually have a much more interesting question to explore with you. We talked about Perplexity as a wrapper. Give me examples of other interesting wrapper companies. I think these wrapper companies are very easy to bootstrap and very desirable for people to build revenue on top of quickly. So, give me more
Sramana Mitra: Let’s come back to the wrapper question. You started off by saying Perplexity is a wrapper on top of other LLMs. Nick Davidov: Yes. Perplexity is actually very lean. If you compare how much money they raised, they haven’t spent much of it. They still have the majority in the bank. That’s their
Sramana Mitra: You’re not the only ones who invest only in repeat founders. Most of the venture capital industry does the same. It’s very hard for first-time founders to raise money because of that. We help a lot of first-time founders, and it’s a real challenge. Let’s go deeper into your AI investment thesis with
Marina and Nick Davidov are Cofounders and Managing Partners at DVC, a firm that backs only repeat founders doing AI startups. We had a terrific conversation on cutting edge issues within the AI ecosystem.