Join Sramana Mitra for an in-depth discussion in this video Begin now, part of Sramana Mitra on Bootstrapping.
- So you're wondering what next? You're ready to get started and what's next? So one thing I could offer you is as part of the One Million by One Million program, we have free mentoring roundtables every Thursday morning at 8am Pacific Time. And wherever you are in the world, you can attend these roundtables. You can even pitch at these roundtables. So these are like WebEx calls that you dial into and we put a set of entrepreneurs in pitch mode so you can actually come and discuss your business and get feedback on your business from me.
I anchor the call. And then there's gonna be a whole room full of people, peer groups, who are gonna be available for you to talk to, chat with, et cetera. And we have done almost 300 of these over the last six, seven years. This predates the One Million by One Million accelerator. This is the work that we started with and what led me to later found the One Million by One Million global virtual accelerator in 2010.
So very popular, very effective. All recordings are available on our YouTube channel for free. You can also go listen to those YouTube recordings and just simmer in an ambiance and community of entrepreneurship. And that will give you a lot of ideas that will make you feel like you're part of a community. You're not alone. This is not a battle you're gonna be fighting alone. There's support out there. You can look at the Enterpreneur Journeys book series that I have published.
I've published 12 volumes of Entrepreneur Journeys book series, and you know, I published the first one back in 2008, and my thought at the time was if you are in Silicone Valley and if you are connected into the inner circles of Silicone Valley, you can access a level of tribal knowledge that kind of floats in the air of Silicone Valley. And if you are in the right place at the right time, you can take that knowledge and learn from it. But there has been no effort to institutionalize this knowledge.
So I started talking to entrepreneurs in great depth on a case study mode. Essentially today I have invited into this case study program that we have developed over 700 successful entrepreneurs. Over 50 of them have gone on to build billion dollar unicorn companies. Over 350 have built heavily venture-funded companies, and then we have been very diligent and very careful in capturing the lessons of bootstrapping and the successes of the bootstrapped entrepreneurs.
So there's a tremendous repository of knowledge that we have brought together under the One Million by One Million framework. And these 12 volumes of Entrepreneur Journeys, each of them have 12 to 16 case studies and deals with a topic in entrepreneurship. So there's one called Bootstrapping Weapon of Mass Reconstruction that was in Entrepreneur Journeys volume two, which introduces you to a lot of the concepts we have discussed today. There are two specific volumes that are relevant to today's discussion, Bootstrapping with a Paycheck and Bootstrapping with Services.
Both modules that you heard me talk about today are deeply illustrated in the two books, Bootstrapping with a Paycheck and Bootstrapping Using Services. Billion Dollar Unicorns is the last volume that we've published in the Entrepreneur Journeys series that you can read to understand the unicorn phenomenon and how you can build really large companies, large, scalable companies. There, too, I've been very diligent in covering bootstrapped unicorns, not just the 70 venture-funded unicorns.
So those are places that you can go from here. And then the final place that probably is the most intense and involved place is our One Million by One Million global virtual accelerator. One Million by One Million is designed to help a million entrepreneurs reach a million dollars and beyond in annual revenue. And we run this global virtual accelerator. It's been running since 2010, and we've had a lot, we've trained a lot of entrepreneurs through this process.
And it has that philosophy of what I call catering to the other 99%. We have our small percentage of venture-style entrepreneurs who look for financing and so forth, but we are probably the only accelerator in the world that really cares about the bootstrapped entrepreneurs, the entrepreneurs who may not be right directly financeable. I've talked to you a lot about bootstrapping today and I've given you pointers and insights on how to navigate your entrepreneurial journey.
My goal and my philosophy, actually more than goal, my philosophy is that entrepreneurship needs to be democratized. This is why we are doing One Million by One Million is because I believe there's a lot more entrepreneurs who can actually build successful businesses. And to me the definition of success is very important. My definition of success is not building a billion dollar company. My definition of entrepreneurial success is building customers, building revenues, and building profits.
Financing and exit are optional. So if you build a profitable, five million dollar company, or a profitable $20 million dollar company, you have already achieved success, so you need to decide and define your own level of success. What makes you happy, what is the scale at which you want to be successful. And then accordingly, you need to create a strategy that aligns with that goal and that objective. I really believe that maybe building a billion dollar company is not viable for a million people.
Obviously not. It's a very difficult thing to do. There are very few opportunities that cater to that. But I do think millions of entrepreneurs can build significant businesses, million dollar, five million dollar, $10 million dollar businesses that will make you great livings, that will create a lot of jobs and will give you a lot of success and a lot of feeling of fulfillment in your lives, in your careers, in your professional leadership lives. It's wonderful to lead a company to a certain level of success and value creation and so forth.
So try it. By all means try it and learn more about it. There's a lot more you can learn about it and some of you will come to the conclusion that maybe this is not your bag, because it is a lot of work. I don't want to misrepresent by saying that this is easy to do. It is not easy to do. Entrepreneurship is very, very, very hard, but if it is your thing then I do believe there are blueprints and there are success strategies and there are proven methodologies that will get you to a successful business, and it's a very, very, very rewarding process.