By guest author Irina Patterson Let’s be pragmatic. Sramana labored over six years to assemble over 500+ case studies of successful entrepreneurs. She collected nuggets of entrepreneurial wisdom. A lot of it came from Silicon Valley where she’s based — Silicon Valley’s tribal knowledge — as she calls it. She synthesized this tribal knowledge into
By guest author Irina Patterson MAD Incubator is a government supported business incubator in Malaysia. MAD is one of 1M/1M strategic partners in Asia. Andrew Wong, managing director of MAD, reached out to 1M/1M, after he read Sramana’s Entrepreneur Journeys book series. After grasping what 1M/1M could do for his region, Andrew rallied his local
By guest author Irina Patterson As we talked to VCs and angels, we discovered that less than 1% of the entrepreneurs who apply for their funding get funded. Think about it, less than 1%. One of the Silicon Valley’s super angels, Mike Maples, told us that he gets 7,000 deals a year and invests in
By guest author Irina Patterson Unless you’re based in Silicon Valley, I don’t think so. Many economic development organizations and incubators spend considerable time and money to attract savvy entrepreneurs to their regions. Sometimes, they manage to get entrepreneurs from another state or even another country to move to one of their regional incubators. But
By guest author Irina Patterson At our 1M/1M roundtables, we often hear horror stories of entrepreneurs who have sold 25% of their company to investors in exchange for $15,000. I always find Sramana jumping off her chair when she works with those entrepreneurs.
By guest author Irina Patterson Amidst widespread talk of tech bubbles, it is clear that Silicon Valley is back. Sramana Mitra, the owner of this blog and founder of the 1M/1M Program for entrepreneurs, has been a Silicon Valley insider for more than 15 years. She can connect the dots and open many Silicon Valley
By guest author Irina Patterson Entrepreneurs often say to me, “I love 1M/1M. I’d love to join, but I don’t have $1,000.” Then we talk some more and I find out that they spend $15,000 on building their site without validating their idea. Or, they paid someone $2,000 to write their business plan in hope
By guest author Irina Patterson Over the past year, we have been talking to various investors – VCs and angels, and incubators and accelerators. What we discovered that the entire startup ecosystem is structured to look for and invest in the less than 1% of the entrepreneurs who are ready and fundable. For example, Highway