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1Mby1M Udemy Courses with Sramana Mitra: Financing

Posted on Monday, Jul 17th 2023

Raising money to build a startup is a huge challenge. To be able to raise any money at all, you must first understand how investors think. We have developed the following courses catering to entrepreneurs in different stages of their entrepreneurial journey.

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How The 1M/1M Affiliate Program Helps Incubators

Posted on Friday, Sep 30th 2011

By guest author Irina Patterson

If you are running an incubator, you are always on the lookout for quality entrepreneurs to incubate, right?

At 1M/1M we have designed a process that could deliver high-quality entrepreneurs for your incubator right from your own backyard. >>>

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FAQ: Why Can’t I Pay For 1M/1M As A Monthly Subscription?

Posted on Thursday, Sep 29th 2011

By guest author Irina Patterson

Here is why. The $1,000 annual fee is really about commitment. What we are saying is we are committed to supporting you and your business development for the entire year.

Are you committed to working with us for at least a year? >>>

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How To Leverage 1M/1M Programming Through Local Meetups

Posted on Saturday, Sep 24th 2011

By guest author Irina Patterson

One of the best ways for a business incubator to leverage the 1M/1M Program is to organize meetups around our weekly roundtables, which are held at 8 a.m. Pacific time each Thursday. >>>

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Not Getting Traction With Angels? Reach Them Through 1M/1M

Posted on Friday, Sep 23rd 2011

By guest author Irina Patterson

Not every business fits the angel financing model. Angels are looking for businesses that can scale rapidly to at least $30 million in revenue so that they can get the five- to tenfold return on their money. >>>

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1M/1M Pilot: Test Quickly, Scale Rapidly

Posted on Monday, Sep 19th 2011

At the 1M/1M Premium Program, we believe in pilots. We believe in quick testing to make sure that our assumptions are correct, and then we scale rapidly. >>>

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Learn How Angels Think: Take The 1M/1M Self-Assessment Test

Posted on Thursday, Sep 15th 2011

Angels often tell us that 99% of entrepreneurs who come to them are unfundable. Are you one of them? >>>

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Strategy Consulting For Startups: $1,000 A Year vs. $5,000 A Day

Posted on Tuesday, Sep 13th 2011

We are proud of the entrepreneurs who are currently in our 1M/1M Premium Program.

We call them early adopters. They understood the value of the 1M/1M right away. So far, everyone is working hard, advancing at their own pace and not giving up.

Most paid the $1,000 fee out of their own pocket and, understandably, they want to get the most out of their investment. >>>

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How Not To Get Rejected By Business Accelerators

Posted on Tuesday, Sep 6th 2011

Did you know that 99% of the entrepreneurs who apply to Y Combinator or any other hot business accelerator are rejected? I am saying this in case you are thinking of applying.

Let’s face it, rejections hurt.

But if you want to get into your favorite business accelerator, we can help. Join the 1M/1M Program today, and let’s take one step a day toward that specific goal.

At 1M/1M we accept entrepreneurs as they come, warts and all. (You would never hear an investor say that.) >>>

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Pre-Incubation For Sustained Deal Flow

Posted on Sunday, Sep 4th 2011

By guest author Irina Patterson

Last week we talked about private investors – the so-called friends, family, and fools. Known as the 3 Fs, they usually invest a few thousands here and there. But as scrappy as we are, we still recommend the 1M/1M education  first and any capital injection second, even if the investment is only $5,000. >>>

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Free vs. Paid Help For Entrepreneurs

Posted on Sunday, Aug 28th 2011

By guest author Irina Patterson

Let’s talk about the $1,000 annual membership fee for the 1M/1M Program. If you are thinking about joining the 1M/1M, I am sure you are pondering that fee question … so, let’s talk about it.

The 1M/1M Program is a business. It’s built on the same principles that we teach entrepreneurs at 1M/1M, which are: to offer a solution to a true problem and to make sure that your product or service adds real value so that our customers are willing to pay for it. >>>

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How To Get FREE Feedback On Your Business Strategy

Posted on Saturday, Aug 27th 2011

By guest author Irina Patterson

Working on a business? Have you pitched it at the 1M/1M Free Strategy Roundtable yet?

It’s a great way to get some early feedback on your business from a Silicon Valley veteran like Sramana Mitra. This kind of expert feedback is not easy to obtain even if you can afford to fly to California. >>>

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How To Turn Fool’s Gold Into The Real Thing

Posted on Thursday, Aug 25th 2011

I recently read a book called Fool’s Gold? The Truth Behind Angel Investing in America by Scott Shaine. Scott is an angel investor himself and is a professor of entrepreneurship at Case Western Reserve University. >>>

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How To Access Silicon Valley’s Tribal Knowledge

Posted on Tuesday, Aug 23rd 2011

By guest author Irina Patterson

Let’s be pragmatic. Sramana labored over six years to assemble over 500+ case studies of successful entrepreneurs. She collected nuggets of entrepreneurial wisdom. A lot of it came from Silicon Valley where she’s based — Silicon Valley’s tribal knowledge — as she calls it.

She synthesized this tribal knowledge into the 1M/1M Curriculum, so that you could zip through it in 50 hours straight, or take it in slowly, at your own pace, no matter where in the world you are based.

Entrepreneurs who are currently in the program tell me that they recouped the $1,000 program fee as soon as they went through the 1M/1M Curriculum and that’s after they’ve been in the program only for a few days.

The Curriculum alone helped them to avoid many costly mistakes, they said.

I can only imagine what they will gain in a year of practicing 1M/1M methodology, taking advantage of 1M/1M PR channels and using 1M/1M introductions to key customers and financing sources.

So, be pragmatic, don’t work alone, leverage resources of others.

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How To Become An Agent Of Change In Your Region

Posted on Sunday, Aug 21st 2011

By guest author Irina Patterson

MAD Incubator is a government supported business incubator in Malaysia. MAD is one of 1M/1M strategic partners in Asia. Andrew Wong, managing director of MAD, reached out to 1M/1M, after he read Sramana’s Entrepreneur Journeys book series.

After grasping what 1M/1M could do for his region, Andrew rallied his local ecosystem from government officials to VCs, and together they are working on sponsoring a group of entrepreneurs to go through the 1M/1M program starting this fall. >>>

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How to Become a Fundable Entrepreneur

Posted on Saturday, Aug 20th 2011

By guest author Irina Patterson

As we talked to VCs and angels, we discovered that less than 1% of the entrepreneurs who apply for their funding get funded.

Think about it, less than 1%.

One of the Silicon Valley’s super angels, Mike Maples, told us that he gets 7,000 deals a year and invests in 12 to 15. That’s a 0.21% hit rate. The flip side: a 99.79% rejection rate.

With those odds clearly stacked against you, what are you doing to become fundable? >>>

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