Case Studies of Entrepreneur Mistakes with Sramana Mitra
What you'll learn
- How to learn from the mistakes of others through in-depth interviews with successful entrepreneurs.
- What mistakes you can avoid on the way from a startup idea to validation and profitability.
- Mistakes while growing a team while building a startup.
- What mistakes to avoid while raising funds for your startup so you can go to VCs as kings, not beggars.
- How to avoid missteps while scaling your startup with limited resources.
- What the exit option mistakes are to avoid while building a startup.
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.
Throughout this course we are going to talk about common mistakes that entrepreneurs make, and we are going to look at a lot of different case studies to illustrate the different types of mistakes that we see frequently. I'll give you a little bit of a flavor of the kinds of things that you're going to encounter.
One of the biggest, most prevalent myths of the startup ecosystem is that you can raise money without having a business. This is a flawed concept, so don't go there. This is going to be a requirement - that you turn your concept into a business before you can raise money.
Similarly, you will find problems with a spray and pray strategy. Don't try to boil the ocean. You're gonna have to have very precise positioning to gain high velocity entry into a market.
Everybody and their mother is not your customer. Your customer has to be a very precise, well-targeted audience. That is what builds strong businesses.
Another common mistake is having lousy unit economics. You are losing money on every single customer, so how do you expect that you're gonna build a profitable business over time? It doesn't work.
So these are just a few examples of the kinds of issues we're gonna deal with in this course. You’re going to find a ton of case studies here and you will get a visceral feel for the kinds of mistakes that you should be avoiding.
Let's go!
Who this course is for:
- Ambitious entrepreneurs who want to pursue an idea 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.
Instructor
- 4.7 Instructor Rating
- 2,653 Reviews
- 21,138 Students
- 87 Courses
Sramana Mitra is Founder and CEO of One Million by One Million (1Mby1M), a global virtual accelerator that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond. She is a Silicon Valley entrepreneur and strategy consultant, she writes the blog Sramana Mitra On Strategy, and is author of the Entrepreneur Journeys book series and Vision India 2020. As an entrepreneur CEO, she ran three companies: DAIS, Intarka, and Uuma. Sramana has a master’s degree in electrical engineering and computer science from the Massachusetts Institute of Technology. In 2015, Sramana was named one of LinkedIn’s Top 10 Influencers, alongside Bill Gates and Richard Branson.