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
Founder-led sales is acceptable for the Seed round. It is NOT acceptable for Series A or beyond. At the minimum, you need a Repeatability Hypothesis to raise a sizable venture round.
Heather Hiles: The problem with community colleges is, even after you have AA and even after Bachelor, they don’t get themselves hired. They don’t find themselves having industry capabilities. One can earn $100,000 being a Salesforce Administrator. I can teach you in probably four months. You can’t learn that at a community college. You could
Sramana Mitra: One of the reasons why we got attracted to Udemy as a platform to work with is because of the reach and democratization. There is no barrier to entry. Has Udemy made an impact in the startup ecosystem? Heather Hiles: It has. It has been transformative for people around the world. It’s one
Heather Hiles: I spoke to the incoming class at Hass business school. I looked at hundreds of folks there and saw a very small minority of black and brown faces and even a smaller minority of folks who are from this country. I said, “How many of you are planning to go into investing?” Most
Heather Hiles: I wound up working with Bill and Melinda Gates at their foundation and did a lot of investing and learning about the investment process. I realized I love capacity building and investing in them. That’s what led, in part, to being a co-founder of Black Ops Ventures where I was Managing Partner. The
Heather Hiles is the Founder and Managing Partner at Imminent Equity and a pioneering entrepreneur in the Black community. Heather also has deep experience in financing Black entrepreneurs, as well as on the education side to close knowledge gaps at scale. Sramana Mitra: Let’s get you acquainted with our audience. Tell us about you and
Anirudh Damani: However, India continues to be a very price-conscious market. India is not usually the place where you come to have massive profits. You get massive scale but not massive profits. When you go overseas like Africa or Southeast Asia, there are two parts of the world holding close to two billion plus people