Value of the 1Mby1M Membership Fee

1. How does the $1,000 fee compare to the value I’ll get, especially since 1Mby1M doesn’t take equity?

The $1,000 annual membership fee for the 1Mby1M Premium program is of significant value, especially when compared to traditional accelerators and other forms of startup support. The fact that the program does not take equity is a key part of this value proposition.

Here’s a breakdown of how the fee compares to the value you receive:

1. Avoiding Equity Dilution

• Traditional Accelerators: Most well-known accelerators, such as Y Combinator and Techstars, typically provide a seed investment in exchange for a significant percentage of equity (often 5-10% or more).While this capital is valuable, giving up equity at an early stage can be expensive in the long run. If your company becomes highly successful, that initial percentage can be worth millions of dollars.
• 1Mby1M: By charging a fixed, one-time annual fee of $1,000, 1Mby1M allows you to retain 100% of your company’s ownership. The program’s philosophy is that the most important “capital” you need in the early stages is knowledge, strategy, and a strong network, not necessarily a large cash infusion that comes at the cost of equity.

2. Cost-Effectiveness

• Startup Consulting: Hiring a seasoned strategy consultant from Silicon Valley for even a single day can cost thousands of dollars. The 1Mby1M program offers year-round access to a founder with deep expertise in technology and entrepreneurship for a fraction of that cost. The past members have noted that the program provides more value than other CEO-roundtable groups that cost significantly more per year.
• MBA Programs: The cost of a top-tier MBA program, which teaches business fundamentals, can be tens of thousands of dollars per year. The 1Mby1M curriculum is designed to teach you the specific skills and strategies needed for building a bootstrapped startup, and it does so for a very low price point.

3. The Value of Mentorship and Resources

The $1,000 fee provides access to the following, which are the core drivers of value in the program:

• Direct Mentorship: Regular, direct feedback on your business from Sramana Mitra through the mentoring roundtables.This is a personalized strategy consulting service that helps you refine your business model, positioning, and go-to-market strategy.
• Comprehensive Curriculum: A self-study curriculum with a vast library of video lectures and case studies. This content is built on the experiences of hundreds of entrepreneurs, giving you a scalable and practical education.
• Investor Introductions: When your business is ready, the program facilitates introductions to a network of investors. This is a critical service that would be difficult and time-consuming to secure on your own.
• Influencer Marketing: As a member, you get access to the program’s media channels and Sramana Mitra’s platform, which can provide valuable exposure for your company.

In essence, the $1,000 fee is the price of a year-long, virtual strategic partnership. The program’s value proposition is that this investment in education and mentorship will ultimately save you time, money, and the potentially significant cost of giving up equity, allowing you to build a more sustainable and valuable company in the long run.