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Baltic startups struggle with early-stage growth; 1Mby1M urges bootstrapping before fundraising.
Latvia and Lithuania face a shared challenge known as the "Accelerator Conundrum," where startups prioritize fundraising over validating business models, leading to prolonged pre-seed stages and limited traction despite strong government support and global ambitions.
To address this, the 1Mby1M initiative promotes a "bootstrap first, raise later" approach, offering multilingual AI mentorship and case-study-based learning to help founders achieve customer validation and sustainable growth without sacrificing equity.
The model emphasizes capital efficiency, real-world experience, and long-term resilience, supporting solo and early-stage founders in tech and tech-enabled services across the Baltics.
Las startups bálticas luchan con el crecimiento en las primeras etapas; 1Mby1M insta al bootstrapping antes de la recaudación de fondos.