Achieve Product-Market Fit Before Fund Raising
Sramana Mitra
Founder and CEO of One Million by the One Million (1Mby1M) Global Virtual Accelerator
During this week’s roundtable, Art Papas, CEO and Cofounder at Bullhorn, was our guest. Art discussed how he pivoted a venture-funded startup, bootstrapped it to product-market fit and momentum, raised venture capital again to take out his original investors, and is now getting ready to go public. He also reiterated his more fundamentals-focused philosophy, which is aligned with the 1M/1M methodology, and emphasized the need to attain product-market fit before raising funding.
You can listen to the recording of this roundtable here:
Carvertise
As far as the pitches are concerned, first up, Mac Nagaswami from Wilmington, Delaware, pitched Carvertise, an outdoor advertising service that helps advertisers connect with car owners who are willing to let them advertise on their vehicles. The company is already in revenue, and is looking for the right angle to scale with velocity.
Exampl App
Next Anirudh Prabhakaran from Santa Clara, California pitched Exampl App, a c2c homework help app that already has a lot of free users, but hasn’t started monetizing yet. I suggested that Exampl starts monetizing ASAP to see if there is a real business, or is it just a service for free-riders.
At today’s roundtable, we also announced our partnership with the Delaware Economic Development Office (DEDO), and Ken Anderson, their program head addressed the audience and shared his perspective on the same.
As always, I would very much like to hear about your business, so let me invite you to come and pitch at one of our free 1M/1M public roundtables. We will be holding future roundtables at 8 a.m. PDT on:
Thursday, September 17, Register Here.
Thursday, September 24, Register Here.
If you want a deeper relationship with me, you are very welcome to join the 1M/1M premium program. If you have any questions about the program, please, first study the website, especially What to expect from the 1M/1M premium program and the FAQs. If you have additional questions, please email me, and I would be very happy to respond. Please note that I work exclusively with 1M/1M entrepreneurs.
Bench Sales at IT Trailblazers LLC
3 年please add [email protected]
Property Development Director, Downtown Dover Partnership
9 年We are so excited about our partnership with 1M/1M!
Result driven goal orientated leader looking out for life's next challenge or adventure.
9 年Find out if you have a solid market before raising capitol keep it cheap and efficient ride out long nights and little money. The pot of gold at the end of the rainbow will make it worthwhile to pull those bootstraps tighter. How effective is advertising on consumers vehicles I will have to see the results of Carvertise questionable. Exampl from the sounds of it is going the same road as many free apps. Will someone pay for the app they can get free from many different companies with similar products? Just amplifies the point you have made to monetize as soon as you see it is catching on or could be too late.
Financial Agent at RHB Banking Group
9 年You need a business loan or a personal loan? We can help!! To apply, PM me Regards Mr. Kamil Finance Agency
CEO and Founder Director at Simulanis - India's most awarded AR-VR-MR Tech Company
9 年So true and practical! We are living it at Simulanis.