Posted on Friday, Jan 3rd 2025
Please post this on your wall in 2025:
“Startups: Do NOT Go to VCs as Beggars. Go as Kings.”
This is the 1Mby1M mantra and it works.
Over 99% of founders chase funding before they are fundable.
We teach entrepreneurs about 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.
Nowadays, startups can be built while a founder is still fully employed. Many entrepreneurs start as solo founders and achieve great progress until they need a team. Virtual teams are common these days and easily affordable.
At 1Mby1M, we support employed entrepreneurs and solopreneurs who are at the very beginning of their journeys. They might not even know what to build or how to build it.
We encourage entrepreneurs not to quit their day job until their business becomes fundable or sustainable.
Hundreds of thousands of entrepreneurs get rejected by investors and accelerators every …