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startup
As you know, I categorically support bootstrapped entrepreneurs. There are numerous startups now that have achieved some revenue without any external funding. However, it has taken time. Sometimes, it has taken 5-7 years to get there. VCs, however, are looking for velocity. Their goal is to achieve $100M in 5-7 years. So how does an entrepreneur with a profitable bootstrapped company convince investors that (s)he can get to $100M in the next 4-5 years? How is that a credible, defensible claim? This question is at the heart of the Bootstrap First, Raise Money Later strategy that we practice and advocate in 1Mby1M. The key to this is in establishing a clear Positioning and GTM strategy with precise metrics. If your positioning can show a defensible bottom-up TAM, and if your GTM validates a repeatable customer acquisition strategy that can be scaled aggressively by injecting capital, you CAN raise money. To raise funding, sometimes further funding beyond a small
I have been running 1Mby1M since 2010. Each year is a new beginning. Let’s start 2025 right! A startup always aims for Acceleration. Especially a startup that aims to be funded. 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 that velocity should not be venture funded. Experienced VCs, over time, have developed heuristics to gauge what constitutes a high growth venture investment thesis. However, 9 out of 10 venture-funded startups do not attain the kind of velocity that yields Unicorn valuation. The vast majority of these funded ventures are not accelerating. As of December 2023, 54,000 venture-funded startups exist in the United States alone. Globally, the number is closer to 75,000. In addition, there are 7000 incubators and 3000 accelerators in the world that have offered some funding to startups. Across all these categories, the number of funded startups is
Many startups have a large number of decisions to make and each one has the chance to affect their trajectory significantly. As a result, some will often rush what might initially be seen as the simplest decision: who to bank with. Yet Rob Burnett, Director of Startup Banking, Grasshopper Bank told FinextraTV in this interview that it might be worth spending longer considering a banking partner. T…
VisionCraft AI is Awarded with United States Pilot and Funding Opportunities
It also helps that the aero startup just raised another $430 million.
GM has abandoned plans to develop a robotaxi service through Cruise and will instead focus on self-driving cars for the showroom.
Since acquiring the self-driving startup in 2016, GM has poured more than $10 billion of funding into Cruise.
The Department Of Commerce And NOAAAnnounced Today That It Is Recommending Awards Totaling $54.3 Million To Four Organizations
YOUNGSTOWN, Ohio — The Public Library of Youngstown & Mahoning Countys held their inaugural Business Resource Fair on Monday. The event hosted 20 vendors that provide various levels of assistance to small businesses and emerging entrepreneurs that are looking to set out on their own.
Denver, CO Tired of deciphering confusing recycling rules? A Denver-based startup, Amp Robotics, believes artificial intelligence is the answer to Americas recycling woes. The company recently secured a whopping $91 million in funding to expand its network of AI-powered recycling facilities across the country.
Petah Tikva-based Discure Technologies has raised $16 million in funding to advance its novel treatment for degenerative disc disease (DDD), a common cause of chronic back pain.