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
Different investors define seed for B2B and B2C in terms of metrics in different ways. A lot of funds are categorically stating that they want to see a certain amount of monthly recurring revenue already achieved before they’re willing to invest. That amount could be $40,000 or it could be $80,000, but there are specific