Sun, 8 February 2015
In today's Young Wealth episode, Jason Hartman does a quick interview with Sramana Mitra. Sramana is the founder of One Million by One Million and the author of several books including the Golden Raft, Bootstrapping With A Paycheck, Billion Dollar Unicorns, and more. She talks to Jason today about her virtual incubation business – One Million by One Million and how her company works to help new businesses.
1:15 – What is a virtual incubator? Sramana explains what she does.
3:40 – Most companies get rejected for funding because they do not fit the standard venture capital criteria.
5:00 – What happens to these companies who don't fit the bill?
7:10 – Sramana talks about her membership plans on One Million by One Million.
8:45 – Sramana works with a wide range of companies and finds creative ways to help them self-finance or bootstrap the business.
10:30 – Sramana's company does not take equity, because they want entrepreneurs to start off on a good start.
13:00 – It's extremely cheap to start a business in today's market.
14:40 – Remember being an entrepreneur is hard! It takes a lot work and persistence.