Are you trying to get into Y Combinator? Beware, they have a 98% rejection rate. They need to see that you are building something that can be blitzscaled with gobs of venture capital. Blitzscaling, however, is NOT the only way to build a successful company. Bootstrap First, Raise Money Later is a MUCH better strategy
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
In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, we had David Evans, Managing Partner at Sentiero Ventures, discussing his firm’s AI investment thesis. Espotz As for entrepreneur pitches, up first we had Parshavv Jain from Ontario, Canada, pitch espotz. Inflahormony Next, we had Yamini Bynagari from San Ramon, California, pitch Inflahormony. Void Then we had Venkat Kalyan from Brisbane,
Ownership matters. If you end your startup journey with a $50 million exit and own 60% of the company, you make $30 million dollars. But if you have raised a ton of money and own just 5%, you need a $600 million exit to make that same $30 million. Much harder to get to.
A very effective way to dance the entrepreneurial Waltz is to do a bootstrapped company first, sell it, and then do another venture with a more ambitious agenda. From 2021, Jeremy Swift’s journey as Co-founder and CEO of Cordial is a great case study of this method. Sramana Mitra: Let’s go to the very beginning of
Felix Hartmann, Managing Partner at Hartmann Capital, discusses his firm’s investment thesis. This segment triggered an excellent discussion on Human Augmentation.
During this week’s roundtable, we had Felix Hartmann, Managing Partner at Hartmann Capital, discussing his firm’s investment thesis. This segment triggered an excellent discussion on Human Augmentation. (Related reading: Man and Superman). Coach 55 As for entrepreneur pitches, we had Phani Goruganthu from Hyderabad, India, pitch Coach 55, a 2-sided SaaS-enabled marketplace project for sports