SlideShare a Scribd company logo
1 of 17
Over 600,000 companies
go out of business every
year in the US alone.
Infant Entrepreneur
Mortality is a Massive
Problem.
10 Avoidable Mistakes
First-time Entrepreneurs
Make repeatedly
First-time Entrepreneurs
Make repeatedly
Sramana Mitra
Founder, 1M/1M
1. They Define
Success = Funding
Success = Funding
2. They Don’t Know
the Essential
Techniques of
Bootstrapping
3. They Don’t
Understand Positioning
4. They Spend Money
on Unimportant Things
and Run Out of Cash
5. They Hire Too Many
People Too Soon
without Validating
6. They Chase
Investors Instead of
Customers
7. They Start Building a
Product Without
Validating
8. They Network
Randomly, Without
Focus
9. They Talk to
Investors Too Soon
10. They Don’t Focus
on Business Model
In 1M/1M, we want you to build as tightly
as possible, and avoid these stupid,
perfectly avoidable mistakes.
We teach you how to put one foot before
the other, and make ‘real’ progress.
We teach you how to put one foot before
the other, and make ‘real’ progress.
We teach you, first and
foremost, to survive.
Join us for a FREE mentoring
session:
http://1m1m.sramanamitra.com/
free-public-roundtables/
http://1m1m.sramanamitra.com/
free-public-roundtables/
http://1Mby1M.com

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