I have been running the 1Mby1M global virtual accelerator since 2010. I find myself saying to entrepreneurs ad nauseam that VCs want to invest in startups that can go from zero to $100 million in revenue in 5 to 7 years, which is hypergrowth.
Bootstrapping a startup to early revenues by providing services is a tried and true methodology that we practice and espouse in 1Mby1M. Why is this set of skills so important? Raising funding for startups in Silicon Valley is a low-probability game. Fewer than 1% who try actually succeed.
The Age of AI is also the golden age of Bootstrapping. And it is the golden age of Solo Entrepreneurs. With AI, you can build a lot in an ultralight mode and get VCs salivating. The key is Positioning. Let’s discuss the nuances.