How To Succeed As A Solo Entrepreneur with Sramana Mitra
- Description
- Curriculum
- FAQ
- Reviews
Want to start a venture of your own?
Find a niche. Start solo and run lean.
Capital efficient ventures remain the best way to build healthy, robust businesses for a large number of entrepreneurs.
Sure, there are exceptions like Facebook, Google, and Amazon that are built differently.
But those are low probability scenarios. And raising money for fat startups has become very difficult.
And don’t believe the myth that solo entrepreneurs do not succeed.
Can you succeed as a solo entrepreneur?
Yes. Without a doubt.
You ALWAYS start alone.
And in these days of virtual companies, you can get lots of help as a solopreneur and get very far in your quest for product-market fit, validation, even traction. You can even bootstrap with a paycheck.
Can a solopreneur raise funding?
You don’t need a full executive team for seed funding.
However, solo entrepreneurs typically have difficulty in raising seed funding.
Investors prefer at least one co-founder.
If you are a solo founder bootstrapping, you should put all your energy into getting to product-market fit, and getting to paying customers. Not on trying to artificially fill a co-founder position.
The way to mitigate this is by bootstrapping your startup to traction, where you have paying customers and a clear path to high velocity customer acquisition as a solo founder. If those metrics are in place, you can raise money without a co-founder.
Listen to several successful founders tell you how they began as solopreneurs, bootstrapped, built virtual companies, raised funding, built Unicorns.
The 1Mby1M courses are all heavily based on interview-based case studies on Innovation, Business Models, Go To Market Strategies, Validation Principles, and various other nuances of an entrepreneur’s journey. We offer extensive opportunities for entrepreneurs to learn the lessons from the trenches from successful entrepreneurs who have done it before.
Use this course as a starting point in your acceleration journey with the 1Mby1M global virtual accelerator. Supplement it with the Weekly Free Mentoring Roundtables (Office Hours) on the 1Mby1M website. You can bring your issues and questions, and Sramana will answer.
You can also ask questions in the Q&A section of this course, and Sramana will answer.
The 1Mby1M Methodology is based on case studies. In this 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.
This course is a Pre-1Mby1M Accelerator course.
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How To Succeed As A Solo Entrepreneur
Recommendations for solo entrepreneurs.
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Developer to Entrepreneur with $20M in Revenue: NLP Cloud CEO Julien Salinas
Numerous developers around the world are turning into successful entrepreneurs. NLP Cloud CEO Julien Sanlinas provides a textbook case study of a brilliant journey that is a highly repeatable blueprint to follow.
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From Solo Techie Entrepreneur to High Growth Enterprise AI Success Story
I always love covering stories about my readers. Findability Sciences CEO Anand Mahurkar has been following my blog since 2010. He has built a terrific, fundamentals-focused AI company. And I am thrilled :-)
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Nick Carter on Building a Two-sided Farm to Table Marketplace from Indiana
CEO Nick Carter tells a wonderful story of building Market Wagon into a thriving marketplace. Covid has been an immense force multiplier for the venture.
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Bootstrapping a Niche E-Commerce Venture to $12M: Sawyer Twain CEO Chris Turner
It is very difficult to find gaps in e-commerce these days. Sawyer Twain CEO Chris Turner found one and executed the hell out of it.
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Solopreneur Fred Luddy Founded ServiceNow
Did you know Fred Luddy founded ServiceNow as a solopreneur? ServiceNow, today, is $100+ billion market cap company.
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Fred Luddy, Founder of ServiceNow, Builds an Enterprise Software Giant
Fred Luddy is Founder of ServiceNow, one of the most successful companies in the history of enterprise software. Founded in 2003, this is a truly wonderful discussion, marked with Fred’s warmth, humility and wit: “We hire people with a lot of experience. We ask them to bring their knowledge, and leave their baggage!”
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$10M+ Niche E-commerce Success: DoggieLawn Founder Natalie Youn
DoggieLawn Founder Natalie Youn has done a superb job of positioning a niche product and building a great business starting solo.
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Solo Student Entrepreneur to Over $50M Revenue
Solo entrepreneurs get a bad rap, but entrepreneurs like Chess.com CEO Erik Allebest are killing it out there!
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From Developer to Solo Entrepreneur to $5M+ Revenue: SPORCLE Founder Matt Ramme
Developers interested in bootstrapping ad-supported B-to-C startups would find this discussion valuable.
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From Solo Developer to Venture Scale Entrepreneur: Jordan Boesch, CEO of 7Shifts
Jordan started as a solo entrepreneur in a small province of Saskatchewan, Canada, and has built a heavily funded, high growth SaaS business. Fascinating journey!
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Solo Founder to Funded FinTech Startup: Torpago CEO Brent Jackson
Torpago CEO Brent Jackson was a solo founder starting up a Fintech company. Read on how he put one foot before the other to navigate his journey.
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Solo Entrepreneur and GuideCX CEO Peter Ord Bootstraps First, Raises Money Later
We’re big fans of solo entrepreneurs. GuideCX CEO Peter Ord validated his business with real paying customers before he raised money, always the best strategy.
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Solo Entrepreneur Bootstrapping with a Paycheck to over $15M Revenue
SoPost CEO Jonny Grubin started as a solo entrepreneur, bootstrapped with a paycheck, and has built a $15M+ revenue global business with a small amount of funding. Excellent story!
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A Solo Entrepreneur Case Study: EZ Texting and JoonBug Founder Shane Neman
Shane Neman is Founder of EZ Texting, JoonBug.com, and Principal at Neman Ventures. Shane has bootstrapped two companies as a solo entrepreneur, found successful exits for both, and is now an investor. Needless to say, he has no bias against solopreneurs.
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Solo Entrepreneur Building a Venture Scale EdTech Company from India
Cuemath CEO Manan Khurma’s professor parents in Amritsar didn’t want him to be an entrepreneur. Now, he is changing the trajectory of Math education around the globe by leveraging an underused workforce: stay at home moms with strong mathematics background in India. Brilliant story!
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Building A $9 Million Lifestyle Business: Kean Graham, MonetizeMore
Kean Graham, CEO of MonetizeMore, started his company with the stated goal of being able to travel while building his business. Listen to how he realized this goal.
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From Solo Entrepreneur To $65 Million In Revenue
Brazilian Entrepreneur Daniel Scandian, CEO of MadeiraMadeira, had fully validated his business to significant revenue before going to investors. The result is spectacular!
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From Student Entrepreneur to a $15M Revenue Ultralight E-commerce Business
Stephanie Madesh, CEO of Kalon Clothing, was a Sophomore in college when she started her venture. Wonderful story of a student entrepreneur growing into a multi-million dollar ultra-light e-commerce business.
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FineArtAmerica CEO Sean Broihier Reaches $5 Million A Year With Three Employees
There is a myth in the startup eco-system that solopreneurs do not succeed.
This is a MYTH.
Entrepreneurship is a lonely journey, whether you do it as a solopreneur, or with a co-founder.
Even if you end up with 423 employees later, you still have to start alone, or perhaps with just another colleague.
But please remember, you are not alone.
Sean Broihier is the CEO and founder of FineArtAmerica.com. In 2007, he launched FineArtAmerica as an online marketplace for artist and photographers.
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Conversation with Geoff Ralston, President of Y Combinator
Geoff Ralston is President of Y Combinator. We had a terrific discussion on what we each are seeing in the startup ecosystem, including solo entrepreneurship.
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Rare VC in Support of Solo Entrepreneurs: Cameron Kramlich, Angelneers
Cameron Kramlich, General Partner at Angelneers, offers a rare perspective in support of solo entrepreneurs.
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Investor Perspective from Nihal Mehta, ENIAC Ventures
Nihal Mehta, Founding General Partner at ENIAC Ventures, provides a great set of insights into his definition of a full stack founding team. Either a solo founder who is a full-stack person or a set of co-founders who cover all the requisite skill-sets – both configurations can work. Listen to this discussion for more color on the topic.
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Investors Should Take Solo Founders More Seriously: Michael Smerklo, Next Coast
Michael Smerklo is Co-founder and Managing Director at Next Coast Ventures. We have a terrific conversation about a range of issues including solo founders and their ill treatment by VCs.
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Bootstraps to $15M with Virtual Team: Ernie Bray, CEO of AutoClaims Direct
Ernie Bray, Founder, Chairman and CEO at Auto Claims Direct, Inc. (ACD), has built a 50-person team with 80% of the organization working virtually from different parts of the US. The company does over $15 million in revenue.
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Bootstrapping a 100% Virtual Company from Ireland with Shane Evans, ScrapingHub
Shane Evans is Founder of Scrapinghub, a virtual company with 5M Euro in revenue and 132 people. They have employees in 43 countries and operate 100% virtually.
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Investor Perspective from Sumant Mandal, March Capital
Sumant Mandal, Co-founder and Managing Partner at March Capital, emphasizes the impact of Covid on virtual companies and remote teams.
