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Sramana Mitra
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Sramana Mitra is the founder of One Million by One Million (1M/1M), a global virtual incubator 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. From 2008 to 2010, Mitra was a columnist for Forbes. As an entrepreneur CEO, she ran three companies: DAIS, Intarka, and Uuma. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology.

Entries by Sramana Mitra

Infidelity in the Digital Age

(0) Comments | Posted September 2, 2015 | 12:36 PM

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Ashley Madison, the web site that uses the tagline "Life is short, Have an Affair" is in the news for a hacking incident whereby the names and email ids of its 32 million registered users have now been exposed to the public.

The...

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Why I Cook, And Suggest You Do Too

(0) Comments | Posted August 26, 2015 | 10:39 AM

dinnertable

Recently, The Atlantic did an interesting story: Why Are Millennials So Obsessed With Food? It asks the question, why do people post so many food pictures on Facebook and Instagram, for instance.

"[Eve] Turow's theory is...

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Feminist Father vs. Chauvinist Father

(0) Comments | Posted August 17, 2015 | 11:38 AM

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We hear a lot of complaints about sexism and chauvinism in 21st-century Silicon Valley. I want to share some stories from India in the mid-20th century. It may sound prehistoric, but it wasn't that long...

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Future of Education: Three Conversations

(0) Comments | Posted August 7, 2015 | 11:57 AM

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There is a lot going on in the educational technology market. In our effort to bring you continued insights in that market, we would like to bring to your attention three recent roundtable discussions:

Future of Higher Education with Prof. Anant Agarwal, CEO...

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Man and Superman

(1) Comments | Posted August 3, 2015 | 12:25 PM

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I have recently discovered a source of immense pleasure: National Theater Live. Every few weeks, we get to see a world class play, live streamed from London's National Theater, right here, at the Menlo Park Guild. On June 7, we got...

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Tech Trends to Watch: From Second Silicon-Valley Gold Rush to Angel-Investment Bubble

(0) Comments | Posted July 24, 2015 | 10:56 AM

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The technology industry is the most exciting phenomenon in America today, other than, perhaps, the prospect of energy independence. The latter, however, doesn't get the same kind of glamorous coverage from the media that our personalities get. In particular, technology entrepreneurs have led...

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Leadership and Brilliance Are Not the Same

(0) Comments | Posted July 17, 2015 | 1:25 PM

When "How I Lead" was suggested as a topic, I had to pause to consider how my thinking has evolved on the subject. How did I lead earlier in my career? How do I lead today? What has changed? What has remained constant? How do I synthesize what has worked...

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When Should You Move to Silicon Valley?

(0) Comments | Posted July 10, 2015 | 11:30 AM

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The question continues to come up often in our work with global entrepreneurs, so further to my earlier Harvard Business Review piece, I will add more color to it. First, here's a recap from the...
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Is Technology Dehumanizing Society?

(2) Comments | Posted July 3, 2015 | 8:15 AM

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In my recent trend piece, From Second Silicon Valley Gold Rush to Angel Investment Bubble, These Are the Tech Trends to Watch, I concluded with the following thought:

The Dehumanization of Society: Technology has created tremendous opportunities...

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Looking Forward to the Real Silicon Valley

(0) Comments | Posted June 26, 2015 | 9:51 AM

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I am one of those people who doesn't like bubbles. Right now, we're experiencing a bubble in Silicon Valley with funny money driving weird, unproductive behavior.

Some people want this party to go on.

I don't.

...
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Develop a Point of View, Write Regularly

(0) Comments | Posted May 26, 2015 | 6:40 PM

SMeurope

For this year's graduating class, I have a suggestion.

You see, when I was 22, the Internet did not exist. Blogging did not exist. Social Media did not exist.

But the class of 2015 has all these tools at their...

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How to Dramatically Slash the Cost of College Education

(0) Comments | Posted May 12, 2015 | 6:46 PM

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The exorbitant cost of higher education is a recurrent topic of conversation, concern, and discontent these days. Against that backdrop, an announcement from edX and Arizona State University caught my attention last week. ASU and edX announced a program called Global Freshman Academy:

...
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An Entrepreneurs' Guide to Good Mentoring

(0) Comments | Posted April 27, 2015 | 11:24 AM

These days, everyone seems to be a startup mentor. Whether they have ever done a startup or not, whether they have ever raised money or not, they are ready to advise entrepreneurs.

As you are navigating through your options, consider these points as guidance in finding a good mentor to...

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10 Avoidable Mistakes Entrepreneurs Make Constantly

(0) Comments | Posted April 24, 2015 | 5:42 PM

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Over 600,000 companies go out of business every year in the U.S. alone. Infant Entrepreneur Mortality is a massive problem. Here are 10 avoidable mistakes first-time entrepreneurs make repeatedly:

1. They define success = funding

2. They do not know the essential techniques...

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Valuation Without Revenue, Revenue Without Valuation

(0) Comments | Posted April 13, 2015 | 11:15 AM

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A tale of two tech companies.

One has an outrageous valuation, venture capital pouring into every pore, no revenue.

The other, quietly, has turned $11 million of capital into an annual revenue run rate of over $100 million, went public, and has a...

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How To Evaluate An Incubator

(0) Comments | Posted April 2, 2015 | 12:15 PM

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There are over 7,500 incubators/accelerators in the world. Most fail.

Entrepreneurs are thoroughly confused on how to evaluate incubators and accelerators.

Entrepreneurs are also thoroughly confused on why they get rejected by incubators and accelerators on the grounds of being too early.

This...

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When to Quit While Bootstrapping With a Paycheck

(0) Comments | Posted March 19, 2015 | 12:13 AM

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Bootstrapping with a paycheck is a mode of entrepreneurship that has become a major trend. Entrepreneurs are starting companies in droves while still holding onto their full-time jobs.

Two interviewers, Amina Elahi from the Chicago Tribune and Katherine Harvey...

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Teaching Employees to Be Entrepreneurs Will Become Standard Fare

(1) Comments | Posted March 11, 2015 | 11:27 AM

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Teaching employees to be entrepreneurs will become standard fare in corporate America.

Today I would like to discuss some trends we're seeing in our work with various corporate partners who are either already implementing or considering internal programs for teaching employees entrepreneurship.

First,...

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Artificial Intelligence, Over Engineering, And A Zombie-Filled Planet

(1) Comments | Posted February 27, 2015 | 3:26 PM

Recent months have been full of pundits predicting the future of technology, especially Artificial Intelligence.

Listen to Stephen Hawking cautioning that AI could spell the end of the human race:

Elon Musk says similar things:

These predictions are perhaps hard for people who do not understand Computer Science and Machine Learning to relate with. But here's one that may be easier to understand for normal people.

Vinod Khosla (on Fareed Zakaria's GPS show) talked about doctors and lawyers becoming obsolete just because technology will do their jobs a lot better. I couldn't agree more with Vinod's prediction. A computer has a more powerful memory and much better processing power to take imaging, lab, and other test data, run them against powerful algorithms, and do a much better job diagnosing patients, prescribing treatments.

I also agree with the timeline that Vinod projects: 50 years. Not 20 years. 50 years.

Where I disagree with him is in what happens to the planet, the species, human beings. Vinod predicts an age of abundance with much greater productivity and much greater opportunity for leisure.

That, I predict, will be true for only 0.01% of the people who play in the eco-system that builds, sells, operates those technologies that replace entire skill-sets. Millions and millions of others who today make a living from those professions will be without a profession.

This has happened before. But currently, with AI, the prognosis for this displacement is super fast, and of a grand scale, unforeseen thus far.

This will not create an age of abundance. It will create a highly unequal society with 90% of the population having nothing to do, no means to earn a livelihood, living like zombies, unable to afford anything.

Supporting this massive population of zombies will become economically impossible for governments.

We're shockingly close to a dysfunctional world order.

Agree or Disagree?

Your...

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Web 3.0 and E-Commerce Investment Thesis of 3 VCs

(0) Comments | Posted February 17, 2015 | 9:16 AM

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Last fall, we had three VCs discussing their Web 3.0 and e-Commerce investment thesis. If you are looking to build a Unicorn company in the Web 3.0 / e-Commerce domains, I strongly recommend you listen to these three interviews. In each case, listening...

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