1Mby1M Founder Sramana Mitra wants entrepreneurs to not waste their time and money.
The waste stems from a widespread misunderstanding of how investors think.
Over 99% of founders chase funding before they are fundable.
Here, Sramana teaches how to build with customer money (otherwise known as revenue) until a startup reaches that fundable stage.
Once fundable, a startup can go to investors like a king, not a beggar.
I have been running 1Mby1M 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.
Startups that do not have what it takes to achieve velocity should not be venture funded.
Experienced VCs, over time, have developed heuristics to gauge what constitutes a high growth venture investment thesis.
>>>Sramana Mitra: If you get companies at that inception stage – MVP with not really any revenue, just discussions with the market, but good precise discussion with the market, what size checks are you willing to write?
>>>I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Zahara II
Zahara II | Sramana Mitra, 2019 | Watercolor, Ink | 16 x 20, On Paper
The rapidly growing AI in healthcare market has created a trove of healthcare-focused start-ups working to address niche areas within the sector. One such area is the demand for simplifying healthcare administration workflows. Palo Alto-based Machinify is looking to address the complicated world of healthcare billing through its AI-services offering. Machinify was recently acquired by New Mountain Capital as part of its strategy to build a healthcare-focused conglomerate that already generates $500 million in ARR.
>>>Entrepreneurs are invited to the 680th FREE online 1Mby1M Mentoring Roundtable on Thursday, April 10, 2025, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST.
If you are a serious entrepreneur, register to Pitch and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to Attend to watch, learn, and interact through the online chat.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be
Shripati Acharya, Managing Partner at Priven Advisors, discusses his firm’s AI Investment Thesis. We have a very strategic discussion on SaaS, Marketplaces and Agentic AI.
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In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had Shripati Acharya Managing Partner at Priven Advisors, to discuss his firm’s AI Investment Thesis. We had a very strategic discussion on SaaS, Marketplaces and Agentic AI.
You can listen to the recording of this roundtable here:
Sramana Mitra: So, what else are you looking at or investing in that are interesting case studies that we should discuss here that will trigger ideas and insights for the audience?
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