Bootstrapping A Product Startup W/ Services | Sramana Mitra

Use Services Revenues To Develop And Finance Your Product Startup, Learn about Innovation and Business Model Nuances

What you'll learn
Through in-depth interviews with successful startup founders who have built multi million-dollar revenue companies, gain insights on how to bootstrap startups b
How bootstrapping with services looks from the perspective of investors in their own words.
What the 1Mby1M Bootstrapping with Services Methodology is.
When to consider bootstrapping with services.
When to bring on a team while bootstrapping using services.
What the challenges are when bootstrapping with services and how to overcome them.
How to scale your startup when bootstrapping with services.
What exit options are when bootstrapping with services.

Requirements
The only requirement for this course is an open mind and a willingness to learn.

Description
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.Raising funding for startups in Silicon Valley is a low probability game. Fewer than 1% who try actually succeed.Outside the Valley, the startup eco-systems are mostly immature, and the probability gets even lower.The bar to raise seed funding is getting higher and higher. Seed investors are mostly operating as growth investors, expecting that the entrepreneur will somehow manage to bridge the gap and bring a concept to realization. In fact, what these investors really want is to invest in businesses that have traction, not just validation.In short, they want to come to the rescue of victory.As an entrepreneur, how do you go from concept to traction? How do you bridge the seed capital gap? What do you do if you are full of dreams, but stuck in the gap between concept and seed?Offering a service is one of the best ways to bootstrap.This remains a controversial point of view. Most industry observers take the position that companies get distracted if they try to bootstrap a product with a service. But from where I sit, bootstrapping products with services is a tried and true method.In our incubation methodology, we actively encourage entrepreneurs to engage in services businesses. In particular, we encourage them to immerse themselves with customers, learn their problems, and do some services projects that not only generate cash, but also generate customer intimacy and trust. Through these kinds of dialogues, entrepreneurs diagnose real pain-points in customers, and end up building products that customers are willing to pay for.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.

Overview
Section 1: Bootstrapping A Product Startup With Services

Lecture 1 Introduction

Lecture 2 Bootstrapping a Startup Using Services

Lecture 3 Bootstrapping an AI Startup with Services with Aunalytics Founder Nitesh Chawla

Lecture 4 Bootstrapping a Vertical CRM Product Using Services: Cleverping CEO Haysam Ali

Lecture 5 Bootstrapping Using Services from Helsinki with FA Solutions CEO Juha Lehtonen

Lecture 6 Bootstrapping with Services and Piggybacking from Australia

Lecture 7 Bootstrapping Using Services from The Netherlands to a $300M+ Exit

Lecture 8 Bootstrapping Using Services To An Awesome Business Model

Lecture 9 Bootstrapping A SaaS Company In India

Lecture 10 Thought Leader In Big Data Bootstrapped With A Paycheck

Lecture 11 Bootstrapping Using Services On Salesforce.com

Lecture 12 Bootstrapping Using Services From Ireland

Lecture 13 Bootstrapping To $100 Million Using Services From The Netherlands

Lecture 14 Conversation with Geoff Ralston, President of Y Combinator

Lecture 15 Bootstrapping to $10M Using Services: Sameer Maggon, CEO of SearchStax

Lecture 16 Bootstrapping Using Services to $10M: Zimit CEO James Cramer

Lecture 17 Bootstrapping Using Services, then Raising $10 Million and Scaling to $16M

Lecture 18 What Are The Best Bootstrapping Techniques?

Lecture 19 More Bootstrapping Using Services Case Studies

Section 2: Investor Perspectives on Bootstrapping Using Services

Lecture 20 Discussion on Funding Bootstrapping with Services Ventures with BV Jagdeesh

Lecture 21 Discussing Seed Rounds with Cindy Padnos, Illuminate Ventures

Lecture 22 Conversation with Successful Woman VC Dafina Toncheva, US Venture Partners

Section 3: Conclusion

Lecture 23 Bonus Lecture

Ambitious entrepreneurs with limited resources who want to pursue ideas for which they have both passion and expertise.,Engineers who want to turn their tech knowledge into a multi-million dollar revenue businesses by becoming startup founders rather than remain employees.,Aspiring founders who want to increase their chances of getting accepted into a top startup accelerator such as Y Combinator, Techstars, and 500 Startups.,Any entrepreneur who wants to learn from successful entrepreneurs who have done it before and from investors who have supported them.,Professors teaching technology entrepreneurship courses anywhere in the world.

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