How to Build a Non-Venture Funded Startup
Today on the podcast we talk with Sramana Mitra, author, founder, and CEO of One Million by One Million (1Mby1M), a global virtual accelerator. We discuss how she supports entrepreneurs, why she is so passionate about advocating for businesses globally and how entrepreneurs should present themselves to investors.
Sramana Mitra is the founder and CEO of One Million by One Million (1Mby1M), the world’s first and only global virtual incubator/accelerator. Its goal is to help a million entrepreneurs globally reach a million dollars in annual revenue, build a trillion dollars in global GDP, and create 10 million jobs.
Since its founding in 2010, 1Mby1M has become a powerful platform for democratization of entrepreneurship education, incubation, and acceleration, embracing a community of over half a million people. Sramana’s weekly online mentoring sessions have had over 150,000 participants. CEOs around the world have found in her a trusted thought partner who is consistently able to offer strategic guidance that is easy to grasp and immediately actionable.
Sramana also developed 1Mby1M’s Incubator-in-a-Box methodology for Corporate Incubation that is used by enterprises to manage internal and external innovation endeavors. The methodology was originally developed for Oracle’s Intrapreneurship program, and has since been adopted by other organizations including governments. Her article SaaS Companies: You Have An Unprecedented Opportunity builds on this model, and in PaaS: Why I Am So Excited, she talks about the future of the industry. Her January 2021 article, Cloud Stocks: Which SaaS Players will win in PaaS, offers a summary of the emerging trend and looks forward to the new decade.
In 2015, LinkedIn named Sramana one of their Top 10 Influencers alongside Bill Gates and Richard Branson. Sramana’s passionate advocacy of bootstrapped entrepreneurship since 2005 has dramatically improved the credibility of non-venture funded startups. She believes entrepreneurs should go to investors as kings, not beggars. Her free Bootstrapping Course is a good starting point for those interested in exploring the subject.
Listen to the Episode
Connect with Sramana
Learn more about Sramana’s One Million by One Million incubator program by visiting her website here!