The 1Mby1M Methodology is based on case studies. In each course, Sramana Mitra shares the tribal knowledge of tech entrepreneurs by giving students the rare seat at the table with the entrepreneurs, investors and thought leaders who provide the most instructive perspectives on how to build a thriving business. Through these conversations, students gain access to case studies exploring the alleys of entrepreneurship. Sramana’s synthesis of key learnings and incisive analysis add great depth to each discussion.
I’m a big advocate for building small, capital-efficient startups. Not all entrepreneurs need to chase Unicorns. Not all investors need to chase Unicorns. There are many more viable ideas for those smaller ventures and there are considerably more opportunities for their exits, which means cashing in earlier on your hard work.
One type of exit is under $50 million, and to achieve that, your strategy should be to build a capital-efficient company that shows product-market fit in an efficient, bootstrapped manner.
That capital-efficient strategy is required for all stakeholders to make money when harvesting through smaller exits. If you want to understand how it’s done, please take this course.
To dig even deeper, take additional courses on Bootstrapping. You may use all of the bootstrapping methods at once, or combine them in different ways.
A pragmatic startup founder could plan for an “exit strategy” early on as a way to recoup his or her investment. In order to achieve that goal, it is important to have a plan in place from day one.
Once you decide what type of business you want to start if you haven’t started yet, then you can decide how you should position yourself in the market for an early exit.
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Sramana Mitra is Founder and CEO of One Million by One Million (1Mby1M), a global virtual accelerator that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond. She is a Silicon Valley entrepreneur and strategy consultant, she writes the blog Sramana Mitra On Strategy, and is author of the Entrepreneur Journeys book series and Vision India 2020. As an entrepreneur CEO, she ran three companies: DAIS, Intarka, and Uuma. Sramana has a master’s degree in electrical engineering and computer science from the Massachusetts Institute of Technology. In 2015, Sramana was named one of LinkedIn’s Top 10 Influencers, alongside Bill Gates and Richard Branson.
